China Solar Cells: Commerce Lowers CV Cash Deposit Rate for BYD Shangluo
The Commerce Department will decrease the countervailing duty cash deposit rate in effect for an exporter of crystalline silicon photovoltaic cells, whether or not assembled into modules, from China (C-570-980), implementing a recent Court of International Trade decision that ordered Commerce to recalculate rates set in an administrative review completed in 2017 (see 1710050033), it said in a notice released Aug. 14. As a result of its recalculation, the CV duty cash deposit rate for BYD (Shangluo) Industrial Co., Ltd. will fall to 6.44% (from 17.49%). The new rate will apply to subject merchandise entered on or after Aug. 14, 2020.
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Commerce is also amending CV duty rates it set for 18 other companies as a result of the CIT decision, but cash deposit requirements will not change for these companies because they have all had new rates set in more recent administrative reviews. The changes will only affect importer assessments for entries in 2014 from these exporters. See Commerce's notice for the full list.