Commerce to Require CV Duty Cash Deposits on Corrosion Resistant Steel From China, India, Italy, South Korea
The Commerce Department will require cash deposits of estimated countervailing duties on corrosion-resistant steel products from China, India, Italy and South Korea, but will not at this time require cash deposits on the same product from Taiwan, it said in…
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an Nov. 3 fact sheet announcing its preliminary CV duty determinations (here). Rates range from 26.26% to 235.66% for China, 2.85% to 7.71% for India, zero to 38.41 percent for Italy, and zero to 1.37% for South Korea. Suspension of liquidation and cash deposit requirements will be retroactive back to 90 days before the publication date of Commerce's preliminary determination for some companies from China, Italy and South Korea. Cash deposit requirements for Italy take effect upon publication of the preliminary determination. ITT will provide more details on Commerce's preliminary CV duty determinations once they are published in the Federal Register.