Brake Drums: Prelim CVD Cash Deposit Rates Take Effect for China and Turkey
Suspension of liquidation and countervailing duty cash deposit requirements take effect Dec. 3 for imports of brake drums from China (C-570-175) and Turkey (C-489-854), after the Commerce Department found countervailable subsidization in preliminary determinations in its ongoing CVD investigations.
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Commerce calculated a de minimis CVD rate for one exporter, EKU Fren, in its preliminary determination for Turkey. EKU Fren will not be subject to CVD duty cash deposit requirements until further notice. If Commerce continues to set a zero rate for EKU Fren in its final determination, any merchandise both produced and exported by EKU Fren will be exempt from any CVD duty order issued in connection with this investigation.
Commerce is also conducting concurrent AD duty investigations on brake drums from China and Turkey, with Commerce's preliminary AD determinations currently due Jan. 23.
CV Suspension of Liquidation and Cash Deposit Requirements
Commerce will instruct CBP to suspend liquidation for CVD purposes for all entries of subject merchandise from China and Turkey that are entered, or withdrawn from warehouse, for consumption on or after Dec. 3. It will require CVD cash deposits at the following rates:
China
| Company | CVD Rate (Prelim) |
|---|---|
| CAIEC Trailer Master Co., Ltd./Trailer Master CVS Inc 14 | 41.51% |
| Shandong ConMet Mechanical, Ltd./Weifang ConMet Mechanical Products Co., Ltd.15 | 6.76% |
| Guangzhou Joyhand Import & Export Co | 303.07% |
| Hebei Iruijin Auto Parts Co., Ltd | 303.07% |
| Henan Broad Top Metal Work, Llc | 303.07% |
| Henan Valiant Braking System Co | 303.07% |
| HTS (Tianjin) Supply Chain Co., Ltd | 303.07% |
| Panasia CVS (HK), Ltd | 303.07% |
| Raw King Brake Parts Co., Ltd | 303.07% |
| Tianjin Textile Group Import and Export Inc | 303.07% |
| Xiamen Tinmy Industrial Co., Ltd | 303.07% |
| Xingtai Xunchiyoute Auto Parts Co | 303.07% |
| Yancheng Terbon Auto Parts Co | 303.07% |
| Yantai Hongtian Autoparts Co., Ltd | 303.07% |
| Zhejiang Firsd Group Co., Ltd | 303.07% |
| All Others | 16.17% |
Turkey
| Producer/Exporter | CVD Rate (Prelim) |
|---|---|
| EKU Fren ve Dok. San. A.S | zero |
| Akkus Dokum San.Ve Tic.Ltd.Sti | 131.39% |
| Buyuk Eker Bijon Sanayi Ve Ticaret | 131.39% |
| Genk Otomotiv San.Dis Tic.Ltd.Sti | 131.39% |
| All Others | 98.77% |
(The period of investigation is 01/01/23 - 12/31/23. See Commerce's notice for more information, including the scope (unchanged), suspension of liquidation, etc. See 2407170008 for a summary of the initiation of these CVD investigations, including deadlines and scope information.)