China Stainless Steel Sheet and Strip: Commerce Finds Circumvention by Imports From Vietnam
The Commerce Department will suspend liquidation and require antidumping and countervailing duty cash deposits on entries of certain stainless steel sheet and strip from China (A-570-042/C-570-043) that has undergone further processing in the Vietnam, it said in the preliminary results of an anti-circumvention inquiry. The agency made preliminary affirmative findings that stainless steel sheet and strip of Chinese-origin that has undergone further processing in Vietnam is merchandise covered by the scope of the AD/CVD orders and that stainless steel sheet and strip completed in Vietnam using certain non-subject stainless steel flat-rolled inputs of Chinese-origin is merchandise circumventing the orders.
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.
Suspension of liquidation and cash deposit requirements take effect May 15, 2020, the date Commerce published the initiation notice for this inquiry (see 2005140033). Commerce said that where a Vietnamese company subject to these inquiries reports that the finished stainless steel sheet and strip products that it has exported to the U.S. were produced by a specific Chinese supplier that has its own company-specific rate under the orders, the cash deposit rate will be the Chinese supplier’s company-specific rate. Otherwise, Commerce will instruct CBP to require AD cash deposits equal to the current China-wide rate (i.e., 58.04%) and CVD cash deposits equal to the current all-others rate (i.e., 75.60%).
Stainless steel sheet and strip that is further processed or completed in Vietnam from stainless steel flat-rolled inputs that are not of Chinese-origin is not subject to these inquiries. Therefore, cash deposits are not required for such merchandise so long as it meets certain certification requirements.