China Drill Pipe: Preliminary Affirmative CV Duty Determination
The International Trade Administration has made a preliminary affirmative determination that countervailable subsidies are being provided to producers and exporters of drill pipe from China.
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CV Suspension of Liquidation
The ITA is directing U.S. Customs and Border Protection to suspend liquidation for CV purposes of all entries of drill pipe from China with a time of entry on or after June 11, 2010.
CV Cash Deposit Requirement
The ITA is also directing CBP to require a cash deposit or bond for CV duty purposes for all entries of drill pipe from China with a time of entry on or after June 11, 2010, at the following CV duty rate:
| Producer/Exporter | Prelim CV Rate |
| 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. (collectively, DP Master Group) | 15.72% |
| All Others | 15.72% |
(See ITA notice for additional information, including the scope of the order (which is currently unchanged from the initiation notice), scope comments, etc.
See ITT’s Online Archives or 06/09/10 news, 10060934, for BP summary of the ITA fact sheet announcing this preliminary determination.
See ITT's Online Archives or 01/27/10 and 01/28/10 news, 10012735 and 10012840, for BP summaries of the initiation 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 ITA’s postponement of this preliminary determination.)
ITA contact -- Kristen Johnson (202) 482-4793
(FR Pub 06/11/10, ITA Case No. C-570-966)