Steel Nails: Prelim CV Cash Deposit Rates Take Effect for 4 Countries, Not Thailand
Suspension of liquidation and countervailing duty cash deposit requirements take effect June 7 for imports of steel nails from India, Oman, Sri Lanka and Turkey (C-533-905, C-523-817, C-542-805, C-489-847), after the Commerce Department found illegal subsidization in preliminary determinations in its ongoing CV duty investigations.
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The agency also found that steel nails from Thailand (C-549-845) are not being illegally subsidized, in a negative countervailing duty determination, and will not suspend liquidation or impose CV duty cash deposit requirements for imports from Thailand at this time. The agency may still impose CV duties when it issues its final determination.
Commerce is also conducting AD duty investigations on steel nails from India, Oman, Sri Lanka, Thailand and Turkey. The agency's preliminary AD duty investigations are due July 28.
CV Suspension of Liquidation and Cash Deposit Requirements
Commerce will instruct CBP to suspend liquidation for all entries of subject merchandise from India, Oman, Sri Lanka and Turkey that are entered, or withdrawn from warehouse, for consumption on or after June 7. It will require CV duty cash deposits at the following rates:
India
| Company | CV Rate |
|---|---|
| Astrotech Steels Pvt. Ltd | 2.93% |
| Geekay Wires Ltd. | 2.73% |
| All Others | 2.85% |
Sri Lanka
| Producer/Exporter | CV Rate |
|---|---|
| Trinity Steel Private Ltd. | 4.12% |
| All Others | 4.12% |
Turkey
| Producer/Exporter | CV Rate |
|---|---|
| Aslanbas Civi Tel Ve Celik Hasir San A.S. | 3.88% |
| Sertel Vida Metal A.S. | 1.33% |
| All Others | 1.7% |
Oman
| Producer/Exporter | CV Rate |
|---|---|
| Oman Fasteners LLC | 2.49% |
| All Others | 2.49% |
(The period of investigation is 04/01/20 - 03/31/21 for India, and 01/01/20 - 12/31/20 for Oman, Sri Lanka, Thailand and Turkey. See Commerce's notice for more information, including the scope (unchanged), suspension of liquidation, etc. See 2201260027 for a summary of the initiation of these CV duty investigations, including deadlines and scope information.)