PTFE Resin: Liquidation Suspended, CV Cash Deposit Rates Take Effect for Russia, India
The Commerce Department is setting new countervailing duty cash deposit requirements for imports of granular polytetrafluoroethylene resin from India and Russia (C-533-900, C-821-830), after finding illegal subsidization of producers in both countries in the preliminary determinations of its CV duty investigations. Suspension of liquidation and cash deposit requirements take effect for Russian companies July 6, and for Indian companies they take retroactive effect April 7.
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Commerce is also conducting concurrent antidumping duty investigations on granular PTFE from India and Russia, with its preliminary AD duty determinations due Aug. 25 (see 2106100033).
Commerce Finds Critical Circumstances for Some; Cash Deposits Retroactive 90 Days
Commerce made a finding that all Indian companies increased their granular PTFE resin products exports to the U.S. in the run-up to the preliminary determination. This "critical circumstances" finding by the agency means Commerce will retroactively suspend liquidation for all Indian companies back to 90 days before the preliminary determination, i.e., April 7.
CV Suspension of Liquidation and Cash Deposit Requirements
Commerce says it will instruct CBP to suspend liquidation for all entries of subject merchandise that are entered, or withdrawn from warehouse, for consumption on or after the dates listed below. Preliminary CV cash deposit rates will be required as follows:
India
| Company | CV Rate | Sus Liq |
|---|---|---|
| Gujarat Fluorochemicals Limited / Inox Leasing Finance Limited / Inox Wind Limited | 4.75% | 04/07/21 |
| All Others | 4.75% | 04/07/21 |
Russia
| Company | CV Rate | Sus Liq |
|---|---|---|
| Joint Stock Company “HaloPolymer” | 2.36% | 07/06/21 |
| All Others | 2.36% | 07/06/21 |
The period of investigation is 04/01/19 - 03/31/20 for India, and 01/01/20 - 12/31/20 for Russia. See Commerce's notice for more information, including the scope (unchanged since initiation), suspension of liquidation, etc. See 2102220032 for a summary of the initiation of this CV duty investigation, and 2102010032 for summary of the underlying petition.)