CV: China Raw Flexible Magnets
The International Trade Administration has made a preliminary affirmative countervailing duty determination that countervailable subsidies are being provided to producers and exporters of raw flexible magnets from China.
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Suspension of liquidation. The ITA is directing CBP to suspend liquidation of all entries of raw flexible magnets from China with a time of entry on or after February 25, 2008.
CV cash deposit. The ITA will also instruct CBP to require a cash deposit or bond at the CV rates listed below for entries of subject merchandise with a time of entry on or after February 25, 2008 for the following producers/exporters:
| Producer/Exporter | Preliminary CV Rate |
|---|---|
| China Ningbo Cixi Import Export Corporation | 70.41% |
| Polyflex Magnets Ltd. | 70.41% |
| All Others | 70.41% |
Final CV Duty Determination Aligned with Final AD Duty Determination
The ITA notes that it is aligning the final CV duty determination with the final determination in the companion antidumping investigation of raw flexible magnets from China. The final CV duty determination will be issued on the same date as the final AD duty determination, which is currently scheduled to be issued on or about July 2, 2008.
ITA to Issue Decision on Scope in Companion AD Investigation
The ITA states that it is evaluating comments submitted on the scope of the AD and CV duty investigations on whether flexible magnets with clear plastic laminations that form a pocket into which photographs and other items may be inserted for display (magnetic photo pockets) should be excluded from the scope of the investigations, and the ITA will issue its decision in the preliminary determination of the companion AD investigation due on April 18, 2008.
(See ITA notice for additional information, including the scope of the investigation (which is currently unchanged from the initiation notice), etc.
See ITT's Online Archives or 12/05/07 news, 07120550, for BP summary of the ITA's postponement of this preliminary CV duty determination.
See ITT's Online Archives or 10/19/07 news, 07101935, for BP summary of the ITA's initiation of the CV and AD duty investigations for raw flexible magnets from China.)
ITA contact - Kristen Johnson (202) 482-4793
ITA notice (FR Pub 02/25/08) available at http://a257.g.akamaitech.net/7/257/2422/01jan20081800/edocket.access.gpo.gov/2008/pdf/E8-3493.pdf
ITA Fact Sheet available at http://ia.ita.doc.gov/download/factsheets/factsheet-prc-flexible-magnets-cvd-prelim-022008.pdf