India Steel Threaded Rod: Prelim CV Cash Deposit Rates Take Effect
A countervailing duty cash deposit requirement will take effect Dec. 19 for imports of steel threaded rod from India (C-533-856), after the Commerce Department found illegal subsidization of Indian producers in its preliminary determination. The agency assigned CV duty cash deposit rates of 8.13 to 38.98 percent. Babu Exports didn't respond to Commerce's questionnaires, so the agency assigned it a high CV duty rate based on adverse facts available. This merchandise is also the subject of an antidumping duty investigation, with the preliminary AD duty determination due in February (see 13112725).
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CV Suspension of Liquidation and Cash Deposit Requirements
Commerce will instruct CBP to suspend liquidation for all entries of subject merchandise from India that are entered, or withdrawn from warehouse, for consumption on or after Dec. 19. Preliminary CV cash deposit rates are as follows:
| Company | Prelim CV Rate |
| Mangal Steel Enterprises Ltd. | 8.13% |
| Babu Exports | 38.98% |
| All Others | 8.13% |
(The period of investigation is 01/01/2012 - 12/31/2012. See Commerce’s notice for more information, including the scope (unchanged since initiation), suspension of liquidation, etc. See 13072327 for summary of the initiation of this CV duty investigation, and 13070207 for summary of the underlying petition.)
AD/CVD Operations contact -- Brooke Kennedy (202) 482-3818
(Federal Register 12/19/13)