India Brass Rod: Details of CV Duty Order
The Commerce Department on Feb. 12 released a countervailing duty order on brass rod from India (C-533-916). The order sets permanent countervailing duties, which will remain in place unless revoked by Commerce in a sunset or changed circumstances review. Commerce will begin conducting annual administrative reviews, if requested, to determine final assessments of CV duties on importers and make changes to cash deposit rates.
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.
The order details an 11-day "gap period" of no CV duty liability for subject merchandise entered Jan. 27, 2024, through Feb. 6, 2024. Commerce may suspend liquidation for only four months after its preliminary CV duty determination, issued Sept. 29, 2023. Commerce will order CBP to liquidate, without regard to CV duties, any entries during this gap period. Liquidation of entries during this period may still be suspended for antidumping duty purposes.
Commerce also is conducting an antidumping duty investigation on brass rod from India, setting AD cash deposit rates at 6.42% to 7.96% in a preliminary determination issued Dec. 1. The agency also is conducting concurrent AD investigations on brass rod from Brazil, Mexico, South Africa and South Korea.
CV Suspension of Liq Instructions
Suspension of liquidation resumes for all entries of subject merchandise entered on or after Feb. 7, the date that the final International Trade Commission affirmative injury determination was published.
Estimated CV Cash Deposit Rates
Commerce will instruct CBP to require a CV duty cash deposit equal to the following CV rates (unchanged from the agency's final determination):
| Producer/Exporter | CV Rate |
|---|---|
| Rajhans Metals Private Limited (RMPL) | 2.24% |
| All Others | 2.24% |
(The period of investigation is 04/01/22 - 03/31/23. See the notice for additional details, including the full scope description, etc. See 2312150045 for a summary of the final CV duty determination.)