China Steel Cylinders: CV Rates Reduced in Final Determination
The International Trade Administration issued its final affirmative countervailing duty determination on high pressure steel cylinders from China (C-570-978), which reduces the CV rates for one firm and “all others”. Although this final determination takes effect May 7, 2012, ITA will only require CV cash deposits of estimated CV duties if it issues a CV order.
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(The ITA has also issued a final affirmative determination in the companion antidumping duty determination. See ITT's Online Archives 12050428 for summary.)
CV Liq Susp/Cash Deposit thru Feb 14
The ITA has instructed CBP to continue the suspension of liquidation of all entries from October 18, 2011 through February 14, 2012.
CV Liq Reinstated and No CV Cash/Bond as of Feb 15
The ITA has also instructed CBP to discontinue the suspension of liquidation for CV duty purposes and the collection of CV duty cash deposits or bonds for subject merchandise entered on or after February 15, 2012.
CV Liq to be Suspended Again & CV Cash Deposit Required if Order Issued
The ITA will issue a CV duty order, reinstate the suspension of liquidation, and require a cash deposit of estimated CV duties for entries of subject merchandise at the revised CV rates listed below if the International Trade Commission issues a final affirmative injury determination:
(Note that there is no CV duty liability during the "gap period" of February 15 until the date an ITC final affirmative injury determination is published in the Federal Register.)
| Exporter/Manufacturer | Final CV Rate (Not Yet in Effect) |
| Beijing Tianhai Industry Co., Ltd. / Tianjin Tianhai High Pressure Container Co., Ltd. / Langfang Tianhai High Pressure Container Co., Ltd.1 | 15.81% (from 22.34%) |
| “All others” | 15.81% (from 22.34%) |
1The ITA determined that these three companies are cross-owned in its preliminary determination.
(The period of investigation is 01/01/10 -- 12/31/10. See ITA’s notice for more information, including the scope of the order (unchanged since the preliminary determination), detailed instructions on cash deposit and assessment rates, changes since the preliminary determination, etc. See ITT’s Online Archives 11101803 for summary of the preliminary determination of this investigation.)
(See ITT’s Online Archives 12050206 for summary of ITA fact sheet on this final determination, as well as the companion AD final determination.)
ITA Contact - Christopher Siepmann (202) 482-7958
(FR Pub 05/02/12, C-570-978)