China Solar Cells: Preliminary CV Cash Deposit/Bond Rates Take Effect
The International Trade Administration made a preliminary affirmative countervailing duty determination that countervailable subsidies are being provided to producers and exporters of crystalline silicon photovoltaic cells from China (C-570-980). The ITA found preliminary CV rates of 2.9% to 4.73% which, as a result of its preliminary determination of critical circumstances for both respondents and “all-others”, are effective on or about December 27, 2011. U.S. Customs and Border Protection is expected to implement these CV cash deposit/bond requirements soon.
(The preliminary determination in the companion AD investigation of Solar Cells from China has not yet been issued. See future issues of ITT for summary of the AD preliminary determination.)
CV Critical Circumstances, Suspension of Liquidation, and Cash/Bond Requirements
Because the ITA has preliminarily found that critical circumstances exist with respect to imports of solar cells from China for both respondents and all other Chinese producer/exporters (i.e., “All-Others”), the ITA is directing CBP to suspend liquidation and require a cash deposit of all entries of the subject merchandise that are entered or withdrawn from warehouse, for consumption on or after the date 90 days prior to the date of publication of this preliminary determination (i.e., on or about December 27, 2011).
The preliminary CV cash deposit/bond rates are as follows:
| Company | CV Rate |
|---|---|
| Changzhou Trina Solar Energy Co., Ltd. / Trina Solar (Changzhou) Science and Technology Co., Ltd. | 4.73% |
| Wuxi Suntech Power Co., Ltd. / Luoyang Suntech Power Co., Ltd. / Suntech Power Co., Ltd. / Yangzhou Rietech Renewal Energy Co., Ltd. / Zhenjiang Huantai Silicon Science & Technology Co., Ltd. / Kuttler Automation Systems (Suzhou) Co., Ltd. | 2.90% |
| “All-Others” | 3.61% |
ITA Amends Scope of Investigation to Cover 3rd Country Products w/ China Cells
The ITA said that, based on comments received, it amended the scope of the investigation to state that modules, laminates and panels produced in a third country from cells produced in China are covered by this investigation, but that modules, laminates, and panels produced in China from cells produced in a third country are not covered.
(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 cash deposit requirements, etc. See ITT’s Online Archives 11111611 for summary of the initiation of this investigation, as well as its companion AD investigation, and 12020314 for summary of the preliminary determination of CV critical circumstances.)
(FR Pub 03/26/2012, C-570-980)