AD/CV: China, Taiwan Raw Flexible Magnets
The International Trade Administration has published in the September 17, 2008 Federal Register antidumping duty orders on raw flexible magnets (RFM) from China and Taiwan; and a countervailing duty order on RFM from China.
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AD/CV Cash Deposits/Bonds Refunded/Released for a Time of Entry Prior to Sept 2, 2008
On September 2, 2008, the International Trade Commission (ITC) published its final “threat” of material injury determination for RFM from China and Taiwan.
However, this final threat determination was not accompanied by a finding that injury would have resulted “but for” the imposition of suspension of liquidation of entries since the ITA’s preliminary determination.
With no “but for” finding, the ITA will instruct U.S. Customs and Border Protection (CBP) to terminatethe suspension of liquidation for RFM from China and Taiwan with a time of entry prior to September 2, 2008, and refund/release any cash deposits or bonds of estimated AD and CV duties posted prior to the September 2, 2008 publication of the ITC's final threat of material injury determination.
AD/CV Cash Deposit Requirements for a Time of Entry on or After Sept 2, 2008
In addition, the ITA indicates that effective for subject merchandise from China and Taiwan with a time of entry on or after September 2, 2008, CBP will require, at the same time as importers would normally deposit estimated duties, an AD and/or CV cash deposit, as applicable, at the rates listed below:
| Taiwan - AD | |
|---|---|
| Kin Fong Magnets Co., Ltd. | 38.03% |
| Magruba Flexible Magnets Co., Ltd. | 38.03% |
| JASDI Magnet Co., Ltd. | 38.03% |
| All Others | 31.20% |
| China - CV | |
|---|---|
| China Ningbo Cixi Import Export Corporation | 109.95% |
| Polyflex Magnets Ltd. | 109.95% |
| All Others | 109.95% |
Guangzhou Newlife Magnet Electricity Co., Ltd. both manufactures and exports subject merchandise.
(The China-wide entity rate or All Others rate applies to exporters of RFM not specifically listed for that order.)
Assessment Instructions
The ITA states it will instruct CBP to assess AD and/or CV duties, as applicable, on all unliquidated entries of raw flexible magnets from China and/or Taiwan that have a time of entry on or after September 2, 2008 (the publication date of the ITC’s threat of injury determination).
(See ITA notices for more information, including the scope of the order, etc.
See ITT’s Online Archives or 07/11/08 news, (Ref: 08071150), for BP summary of the final AD determination for China.
See ITT’s Online Archives or 07/11/08 news, (Ref: 08071155), for BP summary of the final AD determination for Taiwan.
See ITT’s Online Archives or 07/11/08 news, (Ref: 08071145), for the final CV determination for China.)
AD Order for China (FR Pub 09/17/08) available at http://edocket.access.gpo.gov/2008/pdf/E8-21717.pdf
AD Order for Taiwan (FR Pub 09/17/08) available at http://edocket.access.gpo.gov/2008/pdf/E8-21718.pdf
CV Order for China (FR Pub 09/17/08) available at http://edocket.access.gpo.gov/2008/pdf/E8-21719.pdf
ITC final threat of injury determination (FR 09/02/08) available at http://edocket.access.gpo.gov/2008/pdf/E8-20227.pdf