China Hardwood Plywood: ITA Announces Prelim CV Determination

The International Trade Administration announced its preliminary affirmative countervailing duty determination on hardwood and decorative plywood from China (C-570-986), finding de minimis CV duty rates for the three individual respondents. According to the ITA fact sheet, companies that didn’t respond to the ITA’s questionnaires were assigned a CV duty rate of 27.16 percent, and the all others rate was set at 22.63 percent. The ITA will direct CBP to suspend liquidation and collect CV duty cash deposits based on these preliminary rates. The final CV duty determination is due in July, at the same time as the companion antidumping duty final determination, although both deadlines may be extended.