CV: India and Thailand Bottle-Grade PET Resin
The International Trade Administration (ITA) has issued its final countervailing (CV) duty determinations with respect to bottle-grade polyethylene terephthalate (PET) resin from India and Thailand.
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| India | Bottle-Grade Polyethylene Terephthalate (PET) Resin |
|---|---|
| Thailand | C-549-824 |
ITA Makes Final Negative CV Duty Determination for Thailand
For Thailand, the ITA has determined that CV subsidies are not being provided to producers of subject merchandise. The ITA states that the period of investigation for this CV duty determination is January 1, 2003 through December 31, 2003. (The preliminary CV determination was also negative,.)
ITA Makes Final Affirmative CV Duty Determination for India
With regard to India, the ITA finds that CV subsidies are being provided to producers and exporters of subject merchandise. The period of investigation for this CV duty determination is April 1, 2003 through March 31, 2004.
CV suspension of liquidation, etc. discontinued on/after December 28, 2004. The ITA explains that it instructed CBP to discontinue the CV suspension of liquidation (and associated CV cash deposit/bond requirements) for subject merchandise from India with a time of entry on or after December 28, 2004, which is 120 days after the date of publication of the preliminary affirmative CV duty determination. The ITA states that CV suspension of liquidation will continue for entries made between August 30, 2004, and December 27, 2004.
Antidumping (AD) suspension of liquidation, etc. unaffected. The AD suspension of liquidation and AD cash deposit/bond requirements for subject merchandise are unaffected by this CV action.
CV suspension of liquidation, etc. to be reinstated if CV order issued. CV suspension of liquidation will be reinstated, at the following CV cash deposit rates (unless amended), if a CV duty order is issued:
| Liq Suspended (Due to AD Case) | CV Cash Deposit Rate (if CV Order) |
|---|---|
| Company | CV Rate |
| India | |
| Reliance Industries Ltd. | 20.26% (not yet in effect) |
| South Asia Petrochem Ltd. | 19.08% (not yet in effect) |
| Futura Polyesters Ltd. | 6.15% (not yet in effect) |
| Elque Polyesters Ltd. | 12.41% (not yet in effect) |
| All Others | 14.63% (not yet in effect) |
(See ITA's India notice for more information, including the scope of the review, which is substantially unchanged from the preliminary CV duty determination, etc. See ITT's Online Archives or 08/31/04 news, 04083139, for BP summary of the preliminary affirmative CV duty determination for subject merchandise from India, which lists the preliminary CV duty rates.)
(See ITA's Thailand notice for more information, including the scope of the review which is substantially unchanged from the preliminary determination, the de minimis rates assigned for the three reviewed companies as well as the "all others" de minimis rate, etc. See ITT's Online Archives or 09/01/04 news, 04090145, for BP summary of the preliminary negative CV duty determination for Thailand, which contains the preliminary CV duty rates.)
(See today's ITT, 05032230 and 05032235, for BP summaries of: (1)final affirmative AD duty determinations for India, Thailand, Indonesia, and (2)final negative AD duty determination for Taiwan, which resulted in that investigation being terminated.)
ITA Contacts - Douglas Kirby (202) 482-3782 (India)
Dara Iserson (202) 482-4052 (Thailand)
ITA Notices (FR Pub 03/21/05) available at
(India) http://a257.g.akamaitech.net/7/257/2422/01jan20051800/edocket.access.gpo.gov/2005/pdf/E5-1219.pdf
(Thailand) http://a257.g.akamaitech.net/7/257/2422/01jan20051800/edocket.access.gpo.gov/2005/pdf/E5-1221.pdf
CBP Administrative Message on discontinuation of suspension of liquidation for India (Adm: 05-0281, dated 03/14/05) available at http://www.brokerpower.com/cgi-bin/adminsearch/admmsg.view.pl?article=2005/2005-0281.ADM