Corrosion Resistant Steel Duties Retroactive for Some Exporters, Says Commerce
The Commerce Department may retroactively suspend liquidation for entries of corrosion-resistant steel products from India, Italy, China, South Korea and Taiwan from certain exporters, it said in a preliminary critical circumstances determination issued Nov. 5 (here). Commerce found certain exporters…
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increased shipments to the U.S. in an attempt to import as much as possible before duties are imposed in the ongoing antidumping and countervailing duty investigations, it said. Though Commerce has not yet ruled on whether subject merchandise is being dumped, the agency will order liquidation suspended and cash deposits collected for any entries from the identified exporters entered on or after 90 days before the date of its AD duty preliminary determination. Recently announced countervailing duties on corrosion resistant steel from China, Italy and South Korea will likewise be retroactive, taking effect for some exporters for any entries since August (see 1511030069).