The US Department of Commerce (DOC) published in Monday’s Federal Register its preliminary determinations in the countervailing duty (CVD) investigations of OCTG from India and Turkey.
Accordingly, effective December 23, 2013, US Customs and Border Protection (CBP) will require importers to make a cash deposit of countervailing duties on all entries of OCTG from India–except OCTG from Jindal SAW Ltd. The CVD rate is 3.50 percent..CBP will also suspend liquidation of entries of OCTG from India (except, again, for Jindal SAW Ltd.), effective today.
Because the DOC found a de minimis subsidy rate for Jindal SAW Ltd., CBP will not require the collection of cash deposits or the suspension of liquidation on entries of OCTG from Jindal SAW Ltd.
The DOC made a negative preliminary determination that subsidies are not being provided to producers and exporters of OCTG from Turkey because the DOC found only de minimis CVD margins for the two mandatory respondents. Therefore, CBP will not require the deposit of estimated countervailing duties or the suspension of liquidation of entries of OCTG from Turkey.