China 53' Containers: CV Rates Rise in Final Determination
The Commerce Department issued its final affirmative countervailing duty determination on 53-foot domestic dry containers from China (C-570-015) (here). Suspension of liquidation is currently not in effect for entries on or after Jan. 27, and Commerce will only require cash deposits of estimated CV duties on future entries if it issues a CV duty order.
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(Commerce also issued a final affirmative determination in the companion antidumping duty investigation (see 1504160020).
CV Susp/Cash Deposit thru Jan. 26
Commerce will instruct CBP to continue the suspension of liquidation of entries from Sept. 29, 2014, through Jan. 26, 2015.
CV Liq Reinstated and No CV Cash Deposit as of Sept. 24
Commerce previously instructed CBP to discontinue the suspension of liquidation for CV duty purposes and the collection of CV duty cash deposits or bonds for subject merchandise entered on or after Jan. 27, the expiration date of the "provisional measures" period during which Commerce can suspend liquidation without a CV duty order in place.
CV Liq to be Suspended Again & CV Cash Deposit Required if Order Issued
Commerce will issue a CV duty order, reinstate the suspension of liquidation, and require a cash deposit of estimated CV duties for entries of subject merchandise at the revised CV rates listed below if the International Trade Commission issues a final affirmative injury determination (due by May 26).
| Company | CV Rate |
|---|---|
| China International Marine Containers (Group) Co., Ltd., Guangdong Xinhui CIMC Special Transportation Equipment Co., Ltd., Nantong CIMC-Special Transportation Equipment Manufacture Co., Ltd., Qingdao CIMC Container Manufacture Co., Ltd., Xinhui CIMC Wood Co., Ltd., and Xinhui CIMC Container Co., Ltd. | 28% (from 10.46%) |
| Hui Zhou Pacific Container Co., Ltd., Qingdao Pacific Container Co., Ltd., and Qidong Singamas Energy Equipment Co., Ltd. | 17.13% (from 7.13%) |
| All Others | 22.57% (from 8.79%) |
(Note that there is no CV duty liability, and no CV duties will be assessed, on entries during the "gap period" of Jan. 27 until the date an ITC final affirmative injury determination is published in the Federal Register.)
(The period of investigation is 01/01/13 -- 12/31/13. See Commerce's notice for more information, including the scope of the order, detailed instructions on cash deposit and assessment rates, changes since the preliminary determination, etc. See 14092612 for summary of the preliminary determination of this investigation.)
AD/CVD Operations contact -- Yasmin Nair (202) 482-3813
(Federal Register 04/17/15)