India Stainless Steel Bar: Commerce Sets New AD Cash Deposit Requirements for Viraj, Venus
The Commerce Department is suspending liquidation and setting new cash deposit requirements for several exporters previously exempt from the antidumping duty order on stainless steel bar from India (A-533-810), it said in the preliminary results of a changed circumstances review. Commerce preliminarily found that Viraj Profiles Ltd. and the Venus Group have resumed dumping after being partially revoked from the AD duty order in 2004 and 2013, respectively.
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Each company had been exempted from the orders because they were found in three successive reviews to have engaged in no dumping (i.e., they received three consecutive zero rates). But according to Commerce, the partial revocations were conditional on Venus' and Viraj's continued lack of dumping.
Cash Deposit Requirements Take Effect Oct. 18
Effective Oct. 18, Commerce will direct CBP to suspend liquidation for Viraj and the Venus Group (i.e., Venus Wire Industries Pvt. Ltd. and its affiliates Precision Metals, Sieves Manufacturers (India) Pvt. Ltd., and Hindustan Inox Ltd.). It will also set the following cash deposit requirements for these companies:
| Producer/Exporter | AD Rate |
|---|---|
| Venus Wire Industries Pvt. Ltd. and its affiliates Precision Metals, Sieves Manufacturers (India) Pvt. Ltd., and Hindustan Inox Ltd. | 30.92% |
| Viraj Profiles Ltd. | 30.92% |
(The review period is 07/01/15 -- 06/30/16. See Commerce's notice for more information, including the scope of the order, detailed cash deposit and assessment instructions, etc. See 1612160046 for a summary of the initiation of this changed circumstances review.)
AD/CVD Operations contact – Thomas Schauer (202) 482-0410
(Federal Register 10/18/17)