China Narrow Woven Ribbons: Final Results of CV Admin Review
The Commerce Department issued the final results of its countervailing duty administrative review on narrow woven ribbons with woven selvedge from China (C-570-953). Commerce will use the rates set in this review to set importer assessments on entries from the three companies under review for calendar year 2020. Effective Sept. 14, Commerce will require CV duty cash deposits from the companies under review as follows:
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| Company | CV Rate |
|---|---|
| Stribbons (Guangzhou) Ltd. aka MNC Stribbons | 42.2% |
| Xiamen Lude Ribbons and Bows Co., Ltd. | 42.2% |
| Yama Ribbons and Bows Co., Ltd. | 176.95% |
The agency made no changes to the subsidy rate calculations in the preliminary results of this review, calculating a CV rate of 176.95% for Yama Ribbons and Bows Co., Ltd., the only mandatory respondent in the review. The two non-individually examined companies were assigned the rate calculated for Yama in the administrative review for calendar year 2018, the notice said.
For exporters of subject merchandise that were not under review (i.e., all except the three companies listed above), cash deposit rates remain at the level set in the most recent review of each respective company. If the exporter has never been assigned its own CV rate, but the manufacturer has, the rate assigned to the manufacturer applies. For merchandise manufactured and exported by companies that have never been assigned a cash deposit rate by Commerce, the all-others rate applies.
(The review period is 01/01/20 - 12/31/20. See Commerce's notice for more information, including the scope of the order, detailed cash deposit and assessment instructions, etc. See 2206090043 for a summary of the preliminary results of this administrative review.)