China, India and Oman PET Resin: Commerce Postpones Preliminary CV Duty Determinations

The Commerce Department is extending until Aug. 7 the deadline for its preliminary determination in the countervailing duty investigations on polyethylene terephthalate (PET) resin from China (C-570-025), India (C-533-862) and Oman (C-523-811) (here). The agency decided to postpone after receiving a request from the group of U.S. chemical manufacturers that requested the investigation. The preliminary determination was originally due June 3. Cash deposits of estimated CV duties can only be collected after the preliminary determination, although they can be made retroactive 90 days from the preliminary determination if Commerce finds companies are increasing exports before cash deposit requirements are imposed.