China Hardwood Plywood: 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 hardwood and decorative plywood from China (C-570-987). The ITA found preliminary CV rates of de minimis to 27.16 percent. Effective March 14, CBP will suspend liquidation of entries of subject merchandise and collect CV duty cash deposits, with the exception of entries of merchandise produced and exported by three companies -- Dongfang, San Fortune, and Shanghai Senda -- that received preliminary de minimis rates.
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Although the affirmative preliminary CV duty determination was announced Feb. 27 (see 13022729, parties to the investigation found errors in the ITA's original notice, resulting in a delay to publication in the Federal Register.
CV Suspension of Liquidation and Cash Deposit Requirements
The ITA will instruct CBP to suspend liquidation for all entries of subject merchandise from China that are entered, or withdrawn from warehouse, for consumption on or after March 14.
The preliminary CV cash deposit rates are as follows:
| Company | Prelim CV Rate |
| Linyi City Dongfang Jinxin Economic & Trade Co., Ltd. | de minimis* |
| Linyi San Fortune Wood Co., Ltd. | de minimis* |
| Shanghai Senda Fancywood Inc., aka Shanghai Senda Fancywood Industry Co. | de minimis* |
| Asia Dekor (Heyuan) Woods Co., Ltd. | 27.16% |
| Baishan Huafeng Wooden Product Co | 27.16% |
| China Friend Limited | 27.16% |
| Feixian Guangyuan Plywood Factory | 27.16% |
| Feixian Xinfeng Wood Co Ltd. | 27.16% |
| Huzhou Chen Hang Wood Co. Ltd. | 27.16% |
| Jiafeng Wood (Suzhou) Co., Ltd. | 27.16% |
| Linyi Guoxin Wood Co., Ltd. | 27.16% |
| Linyi Huayuan Wood Co., Ltd. | 27.16% |
| Linyi Sengong Wood Co., Ltd. | 27.16% |
| Lizhong Wood Industry Limited Co. | 27.16% |
| Shandong Lichen Group Co., Ltd. | 27.16% |
| Wellmade Floor Industries Co. Ltd. | 27.16% |
| Zhejiang Dadongwu GreenHome Wood Co. | 27.16% |
| Zhejiang Desheng Wood Industry Co., Ltd. | 27.16% |
| All Others | 22.63% |
*Because these companies received de minimis preliminary CV rates, for entries of subject merchandise produced and exported by these countries liquidation will not be suspended and CV duty cash deposits will not be collected.
(The period of investigation is 01/01/2011 - 12/31/2011. See ITA’s notice for more information, including the scope (unchanged since initiation but the ITA is considering changes), suspension of liquidation, etc.
See 12102314 for summary of the initiation of this CV investigation and its companion antidumping duty investigation, and 11100305 for summary of the ITA's October 2011 final rule ending the bond option after preliminary determinations.)
ITA contact -- David Lindgren (202) 482-3870
(Federal Register 03/14/13)