China Collated Staples: Prelim Results of CVD Admin Review
The Commerce Department published the preliminary results of its countervailing duty administrative review on certain collated steel staples from China (C-570-113). The agency preliminarily calculated a new CV duty rate for the Tianjin Hweschun Fasteners Manufacturing Co. Ltd., the company selected for individual examination. The final results of this review will be used to set CV duty assessments on importers for subject merchandise entered during the calendar year of 2022.
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.
Only the exporters for which an administrative review was requested are covered by this review. Cash deposit rates for all other exporters will not change. Commerce ordered liquidation “as entered” for entries during the period of review from all exporters not under review, in a message to CBP (ADCVDWeb Message # 3291410).
Also, Commerce said it's ending the review for 122 companies that all had requests for review withdrawn. Entries from these companies will be liquidated "as entered" at the rate in effect at time of entry. See Appendix II of Commerce's notice for a full list.
Cash Deposit Requirements
Once Commerce issues its final results, new CV duty cash deposit requirements may take effect for some companies, beginning on the date of publication of the final results in the Federal Register, currently set for December. The preliminary rate for Tianjin Hweschun has been calculated as follows:
| Producer/Exporter | CV Rate (Prelim) |
|---|---|
| Tianjin Hweschun Fasteners Manufacturing Co. Ltd. | 70.1% |
(The period of review is 01/01/22 - 12/31/22. See notice for additional information, including the scope of the order, potential cash deposit and assessment instructions, etc.)