China Stainless Steel Sinks: Prelim CV Cash Deposit Rates Take Effect
The International Trade Administration made a preliminary affirmative determination that countervailable subsidies are being provided to producers and exporters of drawn stainless steel sinks from China (C-570-984). The ITA found preliminary CV rates of 2.12% to 13.94%, which are effective Aug. 6. U.S. Customs is expected to implement these CV cash deposit requirements soon. Pursuant to the ITA's October 2011 final rule, no bond will be accepted in lieu of a cash deposit.
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CV Suspension of Liquidation and Cash Deposit Requirements
The ITA will instruct CBP to suspend liquidation for all entries of subject merchandise from China that are entered, or withdrawn from warehouse, for consumption on or after Aug. 6.
The preliminary CV cash deposit rates are as follows:
| Company | Prelim CV Rate |
| Guangdong Yingao Kitchen Utensils Co., Ltd. / Foshan Magang Kitchen Utensils Co., Ltd. | 2.12% |
| Zhongshan Superte Kitchenware Co., Ltd. | 13.94% |
| Foshan Zhaoshun Trade Co., Ltd. | 13.94% |
| All Others | 8.03% |
(The period of investigation is 01/01/2011 - 12/31/2011. See ITA’s notice for more information, including comments on scope (the ITA said it will consider these comments in its AD preliminary determination), suspension of liquidation, etc.
See ITT’s Online Archives 12080121 for summary of the ITA’s fact sheet on this preliminary determination, and 12032701 for summary of initiation of this CV investigation.
See ITT's Online Archives 11100305 for summary of the ITA's October 2011 final rule ending the bond option after preliminary determinations.)
ITA contact -- Shane Subler (202) 482-0189