Vietnam Hangers: Prelim CV Cash Deposit Rates Take Effect
The International Trade Administration made a preliminary affirmative determination that countervailable subsidies are being provided to producers and exporters of steel wire garment hangers from Vietnam (C-552-813). The ITA found preliminary CV rates of 11.03% to 21.25%, which are effective June 1, 2012. U.S. Customs is expected to implement these CV cash deposit requirements soon. Pursuant to the ITA's October 2011 final rule, no bond will be accepted in lieu of a cash deposit.
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.
AD Suspension of Liquidation and Cash/Bond Requirements
The ITA will instruct CBP to suspend liquidation for all entries of subject merchandise from Vietnam that are entered, or withdrawn from warehouse, for consumption on or after June 4, 2012.
The preliminary CV cash deposit rates are as follows:
| Manufacturer/Exporter | Prelim CV Rate |
|---|---|
| South East Asia Hamico Export Joint Stock Company (SEA Hamico) / Nam A Hamico Export Joint Stock Company / Linh Sa Hamico Company Limited | 21.25% |
| Infinite Industrial Hanger Limited / Supreme Hanger Company Limited | 11.03% |
| All Others | 16.14% |
(The period of investigation is 01/01/2011 - 12/31/2011. See ITA’s notice for more information, including alignment of this CV investigation with its companion antidumping investigation (both the AD and CV final determinations are now scheduled to be issued on or about October 9, 2012), suspension of liquidation, etc.
See ITT’s Online Archives 12053122 for summary of the ITA’s fact sheet on this preliminary determination. See ITT’s Online Archives 12012460 for summary of initiation of this investigation.
See ITT's Online Archives 11100305 for summary of the ITA's October 2011 final rule ending the bond option after preliminary determinations.)
ITA contact -- John Conniff (202) 482-1009 (Hamico) or Robert Copyak (202) 482-2209 (Infinite and Supreme)