Seamless Pipe: Commerce Issues Final CV Determinations for Russia, South Korea
The Commerce Department issued its final determinations in its countervailing duty investigations on seamless carbon and alloy steel standard, line and pressure pipe from Russia (C-821-827) and South Korea (C-580-910). Suspension of liquidation is currently not in effect for entries on or after April 10, 2021, and Commerce will only require cash deposits of estimated CV duties on future entries if it issues a CV duty order.
Sign up for a free preview to unlock the rest of this article
Export Compliance Daily combines U.S. export control news, foreign border import regulation and policy developments into a single daily information service that reliably informs its trade professional readers about important current issues affecting their operations.
Before Commerce issues CV duty orders, the International Trade Commission must find injury to U.S. industry in its final injury determination, currently due Aug. 9, Commerce said in a fact sheet. In the event of any ITC final determination of no injury, the investigation will be terminated with no duties imposed, and all cash deposits collected as a result of the investigation will be refunded.
Suspension of liquidation is in effect for AD duty purposes on seamless pipe from Russia and South Korea, and Commerce is concurrently issuing its final AD duty determinations, setting rates at 209.72% for all Russian companies, and 4.48% for all South Korean companies (see 2107010035). The agency also issued a final AD duty determination in its investigation on seamless pipe from Ukraine. Commerce issued an AD duty order on seamless pipe from the Czech Republic in April (see 2104230036).
CV Susp/Cash Deposit Through April 9
For now, Commerce has instructed CBP to continue the suspension of liquidation of subject merchandise from Russian and South Korean companies entered Dec. 11, 2020, the date of Commerce's preliminary determinations, through April 9, 2021.
CV Liq Reinstated and No CV Cash Deposit as of April 10
Commerce previously instructed CBP to discontinue the suspension of liquidation for CV duty purposes and the collection of CV duty cash deposits for subject merchandise from Russia and South Korea entered on or after April 10, the expiration date of the 120-day “provisional measures” period during which Commerce can suspend liquidation without a CV duty order in place.
Suspension of liquidation currently remains in effect for AD duty purposes.
CV Liq to Be Suspended Again and CV Cash Deposit Required if Order Issued
Commerce will issue a CV duty order, reinstate the CV duty suspension of liquidation for all Russian and South Korean exporters, and require a cash deposit of estimated CV duties for entries of subject merchandise at the revised CV rates listed below if the ITC issues a final affirmative injury determination.
Russia
| Producer/Exporter | CV Rate |
|---|---|
| PAO TMK / Volzhsky Pipe Plant Joint Stock Company | 48.38% |
| All Others | 48.38% |
South Korea
| Producer/Exporter | CV Rate |
|---|---|
| Iljin Steel Corporation | 1.78% |
| All Others | 1.78% |
(Note that there is no CV duty liability, and no CV duties will be assessed, on entries during the “gap period” of April 10 until the date an ITC final affirmative injury determination is published in the Federal Register.)
(The period of investigation is 01/01/19 - 12/31/19. See Commerce's notice for more information, including the scope of the order (unchanged), detailed instructions on cash deposit and assessment rates, changes since the preliminary determination, etc. See 2012100053 for a summary of the preliminary determination of this investigation.)