India Brass Rod: Commerce Issues CV Duty Final Determination
The Commerce Department issued its final determination in the countervailing duty investigation on brass rod from India (C-533-916). Changes to cash deposit rates set in this final determination take effect Dec. 18, the date these results are set to be published in the Federal Register.
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.
The next step is for the International Trade Commission to make its final injury determination, which will take place in "early 2024," according to a Commerce fact sheet. If the ITC finds injury, Commerce will issue a CV duty order and duties will be made permanent. If the ITC finds no injury, the investigation will be terminated and all cash deposits will be refunded.
Commerce is also conducting a concurrent antidumping duty investigation on brass rod from India, setting AD duty cash deposit rates at 9.41% to 10.95% (as adjusted) in a preliminary determination issued Dec. 1 (see 2311300048). AD cash deposit requirements also have been effect since that date for Brazil, Mexico, South Korea and South Africa (see 2311300048), and since Dec. 14 for Israel (see 2312140028). Commerce set preliminary CVD for Israel and South Korea at the same time it issued its preliminary determination for India (see 2309290024).
Estimated CV Cash Deposit Rates
Commerce will instruct CBP to continue to suspend liquidation for CV duty purposes and to collect cash deposits for subject merchandise entered on or after Sept. 29, the date it published its preliminary CV duty determination, and set cash deposit rates as follows, beginning Dec. 18:
| Producer/Exporter | CV Rate |
|---|---|
| Rajhans Metals Private Limited (RMPL) | 2.24% |
| All Others | 2.24% |
(The period of investigation is 04/01/22 - 03/31/23. See Commerce’s notice for more information, including the scope of the investigation, detailed instructions on cash deposit rates, etc. See 2309290024 for a summary of the preliminary determination in this investigation.)