China GOES: Prelim CV Cash Deposit Rates Take Effect
A countervailing duty cash deposit requirement will take effect March 11 for imports of grain oriented electrical steel from China (C-570-995), after the Commerce Department found illegal subsidization of Chinese producers in its preliminary determination. The agency calculated a CV duty cash deposit rate of 49.15% for Baoshan, and assigned the same rate to all other Chinese exporters.
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This merchandise is also the subject of an antidumping duty investigation on GOES from China, with the preliminary AD duty determination due in May. Commerce is also conducting AD duty investigations on GOES from the Czech Republic, Germany, Japan, South Korea, Poland, and Russia (see 14022620).
CV Suspension of Liquidation and Cash Deposit Requirements
Commerce will instruct CBP to suspend liquidation for all entries of subject merchandise from China that are entered, or withdrawn from warehouse, for consumption on or after March 11. Preliminary CV cash deposit rates are as follows:
| Company | Prelim CV Rate |
| Baoshan Iron & Steel Co., Ltd. | 49.15% |
| All Others | 49.15% |
(The period of investigation is 01/01/2012 - 12/31/2012. See Commerce’s notice for more information, including the scope (unchanged since initiation), suspension of liquidation, etc. See 13103020 for summary of the initiation of this CV duty investigation, and 13091909 for summary of the underlying petition.)
AD/CVD Operations contact -- Yasmin Nair (202) 482-3813
(Federal Register 03/11/14)