ITA Fact Sheet on Final CV Rates for Aluminum Extrusions from China
The International Trade Administration has issued a fact sheet announcing its affirmative final determination in the countervailing duty investigation of aluminum extrusions from China (C-570-968).
Sign up for a free preview to unlock the rest of this article
If your job depends on informed compliance, you need International Trade Today. Delivered every business day and available any time online, only International Trade Today helps you stay current on the increasingly complex international trade regulatory environment.
(See ITT's Online Archives or 03/30/11 news, 11033125, for BP summary of the fact sheet on the companion final antidumping (AD) duty determination.)
Final CV Margins of 8-374% if Final ITC Affirmative Injury Determination
The ITA has determined that Chinese producers/exporters of aluminum extrusions have received countervailable subsidies between 8.02% and 374.15%.
As mandatory respondents Liaoyang Zhongwang Aluminum Profile Co. Ltd./Liaoning Zhongwang Group (collectively, the Zhongwang Group Companies), Miland Luck Ltd., and Dragonluxe Limited, did not respond to Commerce’s request for information, each will receive an AFA net subsidy margin of 374.15%.
Two voluntary respondents, Guang Ya Aluminum Industries Co., Ltd.; Foshan Guangcheng Aluminum Co., Ltd.; Guang Ya Aluminum Industries (Hong Kong) Ltd.; Kong Ah International Company Limited; and Yongji Guanghai Aluminum Industry Co., Ltd. (collectively, the Guang Ya Companies); and Zhaoqing New Zhongya Aluminum Co., Ltd.; Zhongya Shaped Aluminum HK Holding Ltd.; and Karlton Aluminum Company Ltd. (collectively, the Zhongya Companies) will receive net subsidy rates of 9.94% and 8.02%, respectively.
All other Chinese producers/exporters will receive a net subsidy margin of 374.15%.
CV Suspension of Liquidation, Cash Deposits/Bonds Terminated as of Jan 6
The CV suspension of liquidation and collection of CV duty cash deposits/bonds were terminated for shipments of aluminum extrusions with a time of entry on or after January 6, 2011. Should the International Trade Commission issue a final affirmative injury determination, the ITA will instruct CBP to resume the CV suspension of liquidation and collect a cash deposit of estimated CV duties equal to the final net countervailable subsidy margins listed above.
(See ITT's Online Archives or 01/11/11 news, 11011110, for BP summary of the CBP instructions on the earlier termination.)
ITC to Issue Final Injury Determination in May 2011
The ITC is currently scheduled to issue its final injury determination on or before May 12, 2011. If the ITC makes an affirmative determination that imports of aluminum extrusions from China materially injure, or threaten material injury to, the domestic industry, the ITA will issue a CV duty order.
(See ITT’s Online Archives or 09/07/10 news, 10090703, for BP summary of the preliminary CV duty determination.)
(ITA Case No. C-570-968)