India Organic Soybean Meal: Commerce Issues CV Duty Final Determination

The next step is for the International Trade Commission to make its final injury determination, currently set for May 2, according to a Commerce fact sheet. If the ITC finds injury, Commerce will issue a CV duty order and duties will be made permanent. If the ITC finds no injury, the investigation will be terminated and all cash deposits will be refunded.

Commerce also issued its final determination in the concurrent antidumping duty investigation on organic soybean meal from India, setting AD rates ranging from 3.07% to 18.8% for Indian exporters (see 2203220018).

CV Susp/Cash Deposit Through Dec. 31

For now, Commerce has instructed CBP to continue the suspension of liquidation of entries from Sept. 3, 2021, through Dec. 31, 2021.

CV Liq Reinstated and No CV Cash Deposit as of Jan. 1

Commerce previously instructed CBP to discontinue the suspension of liquidation for CV duty purposes and the collection of CV duty cash deposits for subject merchandise entered on or after Jan. 1, the expiration date of the 120-day “provisional measures” period during which Commerce can suspend liquidation without a CV duty order in place.

CV Liq to Be Suspended Again and CV Cash Deposit Required if Order Issued

Commerce 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 ITC issues a final affirmative injury determination.

(The period of investigation is 01/01/20 - 12/31/20. See Commerce’s notice for more information, including the scope of the investigation (unchanged), detailed instructions on cash deposit rates, etc. See 2109020037 for a summary of the preliminary determination in this investigation.)