China Galvanized Steel Wire: CV Rates Adjusted in Final Determination
The International Trade Administration has issued its final affirmative countervailing duty determination on galvanized steel wire from China (C-570-976), which reduces the CV rates for two firms and “all-others”, and increases the CV rates for two firms. As CV liquidation is no longer suspended, ITA will only require cash deposits of estimated CV duties at the revised rates if it issues a CV order.
(The ITA has also issued a final affirmative determination in the companion antidumping duty determination. See ITT's Online Archives 12032337 for summary.)
Scope of Investigation Amended
The scope of this investigation has been amended in the final determination to include not only circular cross section material, but also out-of-round material that meets the circular tolerances, and also to include an additional Harmonized Tariff Schedule (HTS) number 7217.90.1000.The final determination also adopts the changes to the scope from the preliminary determination. (See ITT’s Online Archives 11090602 for summary of the preliminary determination of this investigation.)
CV Liq Susp/Cash Deposit thru Jan 3
The ITA has instructed CBP to continue the suspension of liquidation of all entries from September 6, 2011 through January 3, 2012.
CV Liq Reinstated and No CV Cash/Bond as of Jan 4
The ITA has also 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 January 4, 2012.
(See ITT's Online Archives 12020219 for summary of discontinuation of suspension of liquidation and collection of CV duty cash deposits.)
CV Liq to be Suspended Again & CV Cash Deposit Required if Order Issued
The ITA 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:
(Note that there is no CV duty liability during the "gap period" of January 4 until the date an ITC final affirmative injury determination is published in the Federal Register.)
| Producer/Exporter | Final CV Rate (Not Yet in Effect) |
| M&M Industries Co., Ltd. | 223.27% (from 48.90%) |
| Shandong Hualing Hardware and Tool Co., Ltd. | 223.27% (from 253.07%) |
| Shanghai Bao Zhang Industry Co. Ltd. / Anhui Bao Zhang Metal Products Co., Ltd. / Shanghai Li Chao Industry Co., Ltd. | 19.06% (from 21.59%) |
| Tianjin Huayuan Metal Wire Products Co., Ltd. / Tianjin Tianxin Metal Products Co., Ltd. / Tianjin Mei Jia Hua Trade Co., Ltd. | 223.27% (from 48.81%) |
| "All-Others" Rate | 19.06% (from 44.46%) |
(The period of investigation is 01/01/10 -- 12/31/10. See ITA’s notice for more information, including the scope of the investigation, detailed instructions on cash deposit and assessment rates, changes since the preliminary determination, etc.)
ITA Contact - Nicholas Czajkowski (202) 482-1395
(FR Pub 03/23/12, C-570-976)