China Steel Wheels: CV Rates Reduced in Final Determination
The International Trade Administration has issued its final affirmative countervailing duty determination on certain steel wheels from China (C-570-974), which reduces the CV rates for three firms and “all-others”. Although this final determination takes effect March 23, 2012, ITA will only require CV cash deposits of estimated CV duties if it issues a CV order.
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(The ITA has also issued a final affirmative determination in the companion antidumping duty determination. See ITT's Online Archives 12032250 for summary.)
CV Susp/Cash Deposit thru Jan 3
The ITA has instructed CBP to continue the suspension of liquidation of all entries from September 6, 2011 through January 3, 2012.
CV Liq Reinstated and No CV Cash/Bond as of Jan 4
The ITA has also instructed CBP to discontinue the suspension of liquidation for CV duty purposes and the collection of CV duty cash deposits or bonds for subject merchandise entered on or after January 4, 2012.
CV Liq to be Suspended Again & CV Cash Deposit Required if Order Issued
The ITA will issue a CV duty order, reinstate the suspension of liquidation, and require a cash deposit of estimated CV duties for entries of subject merchandise at the revised CV rates listed below if the International Trade Commission issues a final affirmative injury determination:
(Note that there is no CV duty liability during the "gap period" of January 4 until the date an ITC final affirmative injury determination is published in the Federal Register.)
| Producer/Exporter | Final CV Rate (Not Yet in Effect) |
| Jining Centurion Wheel Manufacturing Co., Ltd. and Jining CII Wheel Manufacture Co., Ltd. | 25.66% (from 26.24%) |
| Shandong Xingmin Wheel Co., Ltd. and Sino-tex (Longkou) Wheel Manufacturers Inc. | 32.62% (from 35.62%) |
| Zhejiang Jingu Company Limited, Chengdu Jingu Wheel Co., Ltd., Zhejiang Wheel World Industrial Co., Ltd., and Shanghai Yata Industrial Co., Ltd. | 38.32% (from 46.59%) |
| “All-others” | 34.55% (from 40.30%) |
(The period of investigation is 01/01/10 -- 12/31/10. See ITA’s notice for more information, including the ITA’s finding of critical circumstances for “all-others”, the scope of the order (unchanged since the preliminary determination), detailed instructions on cash deposit and assessment rates, changes since the preliminary determination, etc. See ITT’s Online Archives 11090603 for summary of the preliminary determination of this investigation, and 12030208 for summary of preliminary determination of CV critical circumstances for "all-others".)
(See ITT’s Online Archives 12032033 for summary of ITA fact sheet on this final determination, as well as the companion AD final determination.)
ITA Contact - John Conniff (202) 482-1009
(FR Pub 03/23/12, C-570-974)