Vietnam Car and Truck Tires: Final Results of CVD Admin Review
The Commerce Department has released the final results of its countervailing duty administrative review on passenger vehicle and light truck tires from Vietnam (C-552-829). The agency calculated a new CVD cash deposit rate of zero percent for the one company under review, Bridgestone Tire Manufacturing Vietnam, LLC, the same as in the preliminary results. These final results will be used to set final assessments of CVD on importers for entries Nov. 10, 2020, through Dec. 31, 2021.
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.
New Cash Deposit Rate Takes Effect Sept. 29
The new CV duty cash deposit rate for the one producer and exporter subject to this review takes effect Sept. 29, the date these final results are to be published in the Federal Register. The new rate, which will also apply for importer assessment purposes, is as follows:
| Producer/Exporter | 2020 Rate* | CV Rate |
|---|---|---|
| Bridgestone Tire Manufacturing Vietnam, LLC | 1.34% | zero |
*This rate is for assessment purposes only for subject merchandise entered Nov. 10, 2020, through Dec. 31, 2020. The rate listed in the “CV Rate” column is the assessment rate for entries in calendar year 2021, as well as the CVD rate for cash deposit purposes.
For exporters of subject merchandise that weren't under review (i.e., all except Bridgestone), 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 CVD 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 11/10/20 - 12/31/21. See Commerce's notice for more information, including the scope of the order, detailed cash deposit and assessment instructions, etc. See 2307210050 for a summary of the preliminary results of this administrative review.)