CV: China Raw Flexible Magnets
According to a U.S. Customs and Border Protection administrative message, effective June 24, 2008, the International Trade Administration discontinued the suspension of liquidation for countervailing duty purposes for raw flexible magnets from China.
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CV Suspension of Liquidation, Cash Deposit Not Resumed Unless Order Issued
CBP field officers are to discontinue the suspension of liquidation for CV duty purposes on all shipments of the subject merchandise with a time of entry on or after June 24, 2008, which is 120 days after the date of publication of the preliminary determination. ITA sources have stated that the CV cash deposit/bond requirement is similarly discontinued.
This suspension of liquidation will not be resumed unless and until the ITA publishes a CV duty order in this case.
(ITA sources have previously stated that entries of subject merchandise during the period from the date the suspension is discontinued to the day before the effective date of the order (if one is issued) are not subject to any CV duties.)
In addition, CBP states that field officers are to continue to suspend liquidation for CV duty purposes on all shipments of raw flexible magnets from China that have a time of entry during the period February 25, 2008 through June 23, 2008, until the conclusion of the CV duty investigation.
AD Suspension of Liquidation & AD Cash Deposit/Bond Requirements Unaffected
The discontinuation of the CV suspension of liquidation and cash deposit/bond requirements in this investigation do not affect the antidumping suspension of liquidation and cash deposit/bond requirements in the preliminary affirmative determination for the companion AD duty investigation on raw flexible magnets from China.
(See CBP's message for more information, including the scope of the investigation. See ITT's Online Archives or 02/26/08 news, 08022630, for BP summary of the preliminary affirmative CV determination for raw flexible magnets from China.)
CBP Adm 8175201 (dated 06/23/08) available at http://addcvd.cbp.gov/detail.asp?docID=8175201&qu=rawflexiblemagnets&vw=detail