Vietnam Hangers: CV Rates Rise in Final Determination
The International Trade Administration issued its final affirmative countervailing duty determination on certain steel wire garment hangers from Vietnam (C-552-813), which increased the CV rates for all Vietnamese companies. Although this final determination takes effect Dec. 24, 2012, ITA will only require CV cash deposits of estimated CV duties if it issues a CV duty order.
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(The ITA also issued a final affirmative determination in the companion antidumping duty determination. See ITT's Online Archives 12122126 for summary.)
CV Susp/Cash Deposit thru Oct. 1
The ITA instructed CBP to continue the suspension of liquidation of all entries of subject merchandise from March 6 through Oct. 1 for the Hamico and “all others” companies. For the Infinite companies, the ITA continued to find that critical circumstances do not exist, so the ITA will instruct CBP to continue suspension of liquidation of all entries of subject merchandise from June 6 through Oct. 1.
CV Liq Reinstated and No CV Cash/Bond as of Oct. 2
The ITA previously 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 Oct. 2.
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:
| Producer/Exporter | CV Rate |
|---|---|
| South East Asia Hamico Export Joint Stock Company / Nam A Hamico Export Joint Stock Company / Linh Sa Hamico Company Limited (the Hamico companies) | 31.58% (from 21.25%) |
| Infinite Industrial Hanger Limited / Supreme Hanger Company Limited (the Infinite Companies) | 90.42% (from 11.03%) |
| All Others | 31.58% (from 16.14%) |
(Note that there is no CV duty liability during the "gap period" of Oct. 2 until the date an ITC final affirmative injury determination is published in the Federal Register.)
(The period of investigation is 01/01/11 -- 12/31/11. See ITA’s notice for more information, including the ITA’s finding of critical circumstances for Hamico and all other companies, 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 12060143 for summary of the preliminary determination of this investigation, and 12120727 for summary of preliminary determination of CV critical circumstances. See ITT’s Online Archives 12121903 for summary of ITA fact sheet on this final determination, as well as the companion AD final determination.)
ITA Contact -- Robery Copyak (202) 482-2209
(FR Pub 12/24/12)