India Oil Country Tubular Goods: Prelim CV Cash Deposit Rates Take Effect
A countervailing duty cash deposit requirement will take effect Dec. 23 for imports of oil country tubular goods from India (C-533-858), after the Commerce Department found illegal subsidization of Indian producers in its preliminary determination. The agency assigned a CV duty cash deposit rates of 3.5% to most Indian companies. Jindal SAW will not yet be subject to suspension of liquidation and cash deposit requirements because Commerce calculated a de minimis CV duty rate for the company, although that could change in the final determination.
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This merchandise is also the subject of an antidumping duty investigation, with the preliminary AD duty determination due in April. Commerce is also conducting AD duty investigations on OCTG from South Korea, Philippines, Saudi Arabia, Taiwan, Thailand, Turkey, Ukraine, and Vietnam (see 13112725), and a CV duty determination on OCTG from Thailand (see ). OCTG from China is already subject to AD/CV duties.
CV Suspension of Liquidation and Cash Deposit Requirements
Commerce will instruct CBP to suspend liquidation for all entries of subject merchandise from India that are entered, or withdrawn from warehouse, for consumption on or after Dec. 23. Preliminary CV cash deposit rates are as follows:
| Company | Prelim CV Rate |
| GVN Fuels Limited / Maharashtra Seamless Limited / Jindal Pipes Limited | 3.5% |
| Jindal SAW Limited | de minimis |
| All Others | 3.5% |
(The period of investigation is 01/01/2012 - 12/31/2012. See Commerce’s notice for more information, including the scope (unchanged since initiation), suspension of liquidation, etc. See 13072625 for summary of the initiation of this CV duty investigation, and 13070332 for summary of the underlying petition.)
AD/CVD Operations contact -- Myrna Lobo (202) 482-2371
(Federal Register 12/23/13)