India Granular FTFE Resin: Prelim Results of CVD Admin Review
The Commerce Department has published the preliminary results of its countervailing duty administrative review on granular polytetrafluoroethylene (PTFE) resin from India (C-533-900). The agency calculated a preliminary rate of 4.7% for Gujarat Fluorochemicals Limited (and its cross-owned affiliate Inox Leasing and Finance Limited), the only company under review, for 2022, and 4.89% for the portion of the review period that occurs in 2021. If those rates are finalized in the final results of this review, the 4.7% CVD rate would apply for cash deposit purposes, and for the purposes of assessments for entries from Gujarat Jan. 1, 2022, through Dec. 31, 2022, with the 4.89% rate applying for cash deposit purposes to entries July 6, 2021, through Dec. 31, 2021. Changes to Gujarat's cash deposit rate would take effect beginning on the date of publication of the final results in the Federal Register.
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For all entries of subject merchandise exported by all other Indian companies for the period July 6, 2021, through Dec. 31, 2022, Commerce has also ordered liquidation “as entered” at the cash deposit rate in effect at the time of entry (ADCVDWeb Message # 3164430).
​(The period of review is 07/06/21 - 12/31/22. See the notice for additional information, including the scope of the order, potential cash deposit and assessment instructions, etc.)