Vietnam Nails: Prelim CV Cash Deposit Rates Take Effect
Countervailing duty cash deposit requirements will take effect Nov. 3 for some imports of steel nails from Vietnam (C-552-819), after the Commerce Department found illegal subsidization of some Vietnamese producers in its preliminary determination (here). The agency calculated CV duty rates ranging from zero to 8.35 percent.
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For entries from United Nail Products, which got a zero percent CV duty rate, Commerce will not suspend liquidation, and no CV cash deposit requirements will take effect until further notice. If United Nail Products continues to get a zero rate in the final determination, it will be indefinitely excluded from CV duties on nails from Vietnam. United Nail Products may still become subject to antidumping duty cash deposit requirements when Commerce issues its preliminary AD duty determination in December (see 1410210014).
CV Suspension of Liquidation and Cash Deposit Requirements
Commerce will instruct CBP to suspend liquidation for all entries of subject merchandise from Vietnam (except for entries from United Nail Products) that are entered, or withdrawn from warehouse, for consumption on or after Nov. 3. Preliminary CV cash deposit rates are as follows:
| Company | Prelim CV Rate |
|---|---|
| Region Industries Co., Ltd. | 8.35% |
| United Nail Products Co., Ltd. | zero |
| All Other Vietnamese Companies | 8.35% |
(The period of investigation is 01/01/13 - 12/31/13. See Commerce’s notice for more information, including the scope (unchanged since initiation), suspension of liquidation, etc. See 14062414 for summary of the initiation of this CV duty investigation, and 14053027 for summary of the underlying petition.)
AD/CVD Operations contact -- Sergio Balbontin (202) 482-6478
(Federal Register 11/03/14)