ITA to No Longer Allow Bond Option for Future AD/CV Investigations
The International Trade Administration is issuing a final rule that will amend its regulations governing the effect of an affirmative preliminary determination in antidumping (AD) or countervailing (CV) duty proceedings to no longer allow bonds as a provisional measure (for entries during the time period before an AD or CV order is issued). According to the final rule, cash deposits will normally be the provisional measure used.
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ITA states that this final rule is effective November 1, 2011, and will apply to all investigations initiated on the basis of petitions filed on or after that date.
According to the ITA, requiring that provisional measures will normally take the form of a cash deposit will help to strengthen the administration of the nation’s antidumping (AD) and countervailing duty (CVD) laws by making importers directly responsible for the payment of AD and CVD duties.
ITA contact: Thomas Futtner at (202) 482-3814
See future issue for detailed BP summary of final rule. (See ITT's Online Archives 11042631 for BP summary of proposed rule.)