ITA Fact Sheet on Preliminary CV Rates for China Drill Pipe
The International Trade Administration has issued a fact sheet announcing its affirmative preliminary determination in the countervailing duty investigation of drill pipe from China.
Sign up for a free preview to unlock the rest of this article
If your job depends on informed compliance, you need International Trade Today. Delivered every business day and available any time online, only International Trade Today helps you stay current on the increasingly complex international trade regulatory environment.
As a result of this preliminary determination, the ITA will instruct U.S. Customs and Border Protection to collect a cash deposit or bond based on the preliminary CV duty rate below.
Preliminary CV Duty Rate of 15.72%
The ITA preliminarily determined that Chinese exporters of drill pipe have received countervailable subsidies of 15.72%.
Mandatory respondent, the DP Master Group (DP Master Manufacturing Co., Ltd.; Jiangyin Sanliang Petroleum Machinery Co., Ltd.; Jiangyin Liangda Drill Pipe Co., Ltd.; Jiangyin Sanliang Steel Pipe Trading Co., Ltd.; and Jiangyin Chuangxin Oil Pipe Fittings Co., Ltd.), will receive a preliminary CV duty rate of 15.72%.
All other Chinese exporters will also receive a preliminary CV duty rate of 15.72%.
Final Determination Scheduled for August 2010
The ITA is currently scheduled to issue its final CV duty determination in August 2010.
(See ITT’s Online Archives or 01/27/10 and 01/28/10 news, 10012735 and 10012840, for BP summaries of the ITA’s initiation of this CV duty investigation and the companion antidumping duty investigation.
See ITT’s Online Archives or 04/08/10 news, 10040850, for BP summary of the postponement of this preliminary CV determination.)
(Fact sheet posted 06/08/10, ITA Case No. C-570-966)