India facing subsidy duties on OCTG exports
Dec 18, 2013 | 12:54 PM
| Thorsten Schier
NEW YORK The U.S. Commerce Departments International Trade Administration (ITA) has made a positive preliminary determination in its countervailing duty investigation of oil country tubular goods (OCTG) from India but a negative determination on imports from Turkey.
The preliminary subsidy rate for Indian producers GVN Fuels Ltd., Jindal Pipes Ltd., Maharashtra Seamless Ltd. and all other Indian producers except Jindal Saw Ltd. was set at 3.5 percent.
"As a result of the preliminary affirmative determination for India, Commerce will instruct U.S. Customs and Border Protection to require cash deposits based on these preliminary rates," the ITA said. Jindal Saw had a de minimis subsidy rate of 0.97 percent, which means it does not have to post cash deposits. ....
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