ADD / CVD determinations - Steel threaded rod from India 

July 8:  The U.S. Commerce Department reached affirmative final determinations in the antidumping duty (ADD) and countervailing duty (CVD) investigations of imports of steel threaded rod from India.

According to a July 2014 release [PDF 137 KB], Commerce determined that imports of steel threaded rod from India have been sold in the United States at dumping margins ranging from 16.74% to 119.87%, and received countervailable subsidies ranging from 8.61% to 39.46%.

As a result of the final affirmative determination, Commerce will:

  • Instruct U.S. Customs and Border Protection (CBP) to collect cash deposits equal to the applicable weighted-average dumping margins
  • Order the resumption of the suspension of liquidation and require a cash deposit for CVD duties equal to the final subsidy rates for the mandatory respondents and all other producers and exporters not selected for investigation, if the U.S. International Trade Commission issues an affirmative injury determination and will reduce the ADD cash deposit rates, as appropriate, for export subsidies

If the U.S. International Trade Commission (ITC) issues a negative injury determination, both investigations will be terminated, and no producers or exporters will be subject to future cash deposits for either ADD or CVD duties. In such an event, all cash deposits already collected will be refunded.

For more information, contact a professional with KPMG’s Trade & Customs practice:

Douglas Zuvich

(312) 665-1022

Andrew Siciliano

(631) 425-6057

John L. McLoughlin

(267) 256-2614

Todd R. Smith

(949) 885-5617

Luis A. Abad

(212) 954-3094

Amie Ahanchian

(202) 533-3247

Or your local KPMG Trade & Customs professional.

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