The U.S. announces final results of countervailing duty administrative review of Vietnam’s steel nails
By Nga Vu
October 23, 2017 | 11:37 AM GMT+7
The United States Department of Commerce (DOC) has rescinded, in part, countervailing duty administrative review of certain steel nails (steel nails) from Vietnam covering the period November 3, 2014, through December 31, 2015, according to Vietnam Competition Authority.
Steel nails. Photo: cafef
On June 27, 2017, DOC published the Preliminary Results on which DOC invited interested parties to comment, but received none. Accordingly, the final results are unchanged from the Preliminary Results.
Specifically, DOC has determined, based on adverse facts available, that two Vietnamese mandatory respondents Truong Vinh Ltd. (Truong Vinh) and Rich State Inc. (Rich State) received countervailable subsidies at the rate of 313.97 per cent during the period of review (POR). DOC is also rescinding the review for Dicha Sombrilla Co., Ltd. (Dicha Sombrilla) as it did not have reviewable entries during the POR.
Accordingly, DOC intends to issue assessment instructions to U.S. Customs and Border Protection (CBP) to collect cash deposits of estimated countervailing duties in the amounts shown for each of the two companies listed above. For all non-reviewed firms, including Dicha Sombrilla, DOC will instruct CBP to continue to collect cash deposits at the most-recent company-specific or all-others rate applicable to the company, as appropriate.
Previously, on June 06, 2017, DOC issued the Preliminary Results and partial rescission of countervailing duty administrative review of steel nails from Vietnam covering the period from 2014 to 2016.
The U.S. made partial rescission of countervailing duty administrative review on steel nails from Vietnam covering the period November 3, 2014, through December 31, 2015 (HS code: 7317.00.55.02, 7317.00.55.03, 7317.00.55.05, 7317.00.55.07, 7317.00.55.08, 7317.00.55.11, 7317.00.55.18, 7317.00.55.19, 7317.00.55.20, 7317.00.55.30, 7317.00.55.40, 7317.00.55.50, 7317.00.55.60, 7317.00.55.70, 7317.00.55.80, 7317.00.55.90, 7317.00.65.30, 7317.00.65.60; 7317.00.75.00, 7907.00.60.00 and 8206.00.00.00).
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