China PET Resin: Prelim CV Cash Deposit Rates Take Effect
A countervailing duty cash deposit requirement will take effect Aug. 14 for imports of polyethylene terephthalate resin from China (C-570-025), after the Commerce Department found illegal subsidization in its preliminary determination (here).
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PET resin subject to this investigation is also the subject of an antidumping duty investigation. The preliminary AD duty determination is currently due Oct. 6 (see 1507310063).
CV Suspension of Liquidation and Cash Deposit Requirements
Commerce will instruct CBP to suspend liquidation for all entries of subject merchandise that are entered, or withdrawn from warehouse, for consumption on or after Aug. 14. It will require CV duty cash deposits at the following rates:
| Company | CV Rate |
|---|---|
| Jiangyin Xingyu New Material Co., Ltd., Jiangsu Xingye Plastic Co., Ltd., Jiangyin Xingjia Plastic Co., Ltd., Jiangyin Xingtai New Material Co., Ltd., Jiangsu Xingye Polarization Co., Ltd., Jiangsu Sanfangxiang Group Co., Ltd., Jiangyin Hailun Petrochemicals Co., Ltd., Jiangyin Xinlun Chemical Fiber Co., Ltd., Jiangyin Huasheng Polymer Co., Ltd., Jiangsu SanFangxiang International Trading Co., Ltd., Jiangyin HuaYi Polymerization Co., Ltd., Jiangyin Xingsheng Plastic Co., Ltd., Jiangyin Chemical Fiber Co., Ltd., Jiangyin Huaxing Synthetic Co., Ltd., Jiangyin Bolun Chemical Fiber Co., Ltd. | 4.27% |
| Dragon Special Resin (Xiamen) Co., Ltd.; Xiang Lu Petrochemicals Co., Ltd.; Xianglu Petrochemicals (Zhangzhou) Co., Ltd.; and Xiamen Xianglu Chemical Fiber Company Limited | 18.88% |
| All Others | 11.58% |
(The period of investigation is 01/01/14 - 12/31/14. See Commerce's notice for more information, including the scope (unchanged since initiation), suspension of liquidation, etc. See 1504030024 for summary of the initiation of this CV duty investigation, and 1503130026 for summary of the underlying petition.)
AD/CVD Operations contact -- Yasmin Nair (202) 482-2183
>Federal Register 08/14/15)