the US Department of Commerce extends the time to issue the final conclusion on the investigation of circumvention of trade remedies for plywood using hardwood materials imported from Vietnam, the US Department of Commerce extends the time to issue the final conclusion on the investigation of circumvention of trade remedies for plywood using hardwood materials , final conclusion on the investigation of circumvention of trade remedies for plywood using hardwood materials imported from Vietnam, plywood using hardwood materials imported from Vietnam, investigation of circumvention of trade remedies for plywood using hardwood materials imported from Vietnam,

The US Department of Commerce extends the time to issue the final conclusion on the investigation of circumvention of trade remedies for plywood using hardwood materials imported from Vietnam

On September 12, 2022, the US Department of Commerce announced the 4th extension of the time to issue final conclusions on the investigation of circumvention of anti-dumping and countervailing duties on plywood using hardwood materials imported from Vietnam. According to the announcement, the final conclusion is expected to be issued on January 31, 2023.

On July 25, 2022, the US Department of Commerce issued preliminary conclusions on the investigation of circumvention of trade remedies for plywood using hardwood materials imported from Vietnam.

According to that conclusion, if plywood products imported from Vietnam into the US have cores using peeled boards imported from China, they will be subject to anti-dumping and anti-subsidy duties as currently applied with plywood imported from China.

However, plywood from Vietnam with cores using peeled boards manufactured in Vietnam or in other countries will not be subject to anti-dumping and anti-subsidy duties.

Pursuant to the preliminary conclusion of the US Department of Commerce, US Customs and Border Protection will continue to suspend liquidity and require importers to pay a deposit equal to the temporary anti-circumvention duty rate for shipments imported from Vietnam into the United States from June 17, 2020 (the date of the official notice of initiation of the investigation) for cases subject to the application of measures.

Because of the fact that in cases where anti-dumping duty is applied, importers of dutied items are the ones who have to pay a deposit in advance, leading to the hesitation of importers and unwillingness to cooperate with export enterprises subject to anti-dumping and anti-subsidy taxes. Because even though the two parties agree that the exporter pays the full amount of duty, it will be difficult for the importer to recover that amount if the exporter decides to cancel the contract and run away.

In addition, the high duty rate will also make the business between the two parties gain a low amount of profits, even loss, and thereby, not worth the risk.

Extension of time to issue the final conclusion on trade remedy circumvention  investigation on plywood using hardwood materials imported from Vietnam

The US Department of Commerce allows Vietnamese exporters as well as US importers participating in the self-certification mechanism to be excluded from circumvention, except for businesses assessed by the US Department of Commerce to be not fully cooperating as requested by the Investigation Agency.

Accordingly, Vietnamese exporters need to complete a self-certification declaration for exporters and provide a copy and supporting documents (invoices, purchase orders, production records, etc.) to the US importer.

In addition, the importer must also complete the self-certification declaration for the importer prior to the date of shipment of the goods. The declarations and supporting documents need to be maintained for a period of 5 years from the date of entry of the goods or 3 years after the conclusion of the lawsuit related to the imported goods in the US court (if any), whichever is longer and available to the DOC/CBP upon request.

Particularly for shipments imported from June 17, 2020, to August 28, 2022 (30 days from the date of publication of the preliminary conclusion), instead of September 12, 2022, as in the preliminary conclusion, the US Department of Commerce will extend the time to complete the declaration and supporting documents to December 1, 2022.

It is estimated that the number of enterprises participating in self-certification accounts for about 80% of Vietnam’s export turnover during the investigation period.

Notice details can be downloaded here.

ASL LAW is the top-tier Vietnam law firm for Anti-dumping & countervailing. If you need any advice, please contact us for further information or collaboration.

    CONTACT

    Your infomation


    ***Other service of ASL LAW – full service Vietnam law firm ***

     

     

    Retainer service to enterprises

     

    International trademark registration

    Oversea investment consultancy for Vietnamese enterprises

     

    Patent in Vietnam

    PCT Patent in Vietnam

     

    PCT Patent Vietnam Entry

    Intellectual property services (Vietnam IP Firm)

     

    Vietnam Patent Agent

    Trademark in Vietnam

     

    Vietnam Patent Firm

    Vietnam Trademark Agent

     

    Patent translation in Vietnam

    How to register trademark in Vietnam

     

    Vietnam Patent Translation Agent

    Copyright in Vietnam

     

    Vietnam IP Firm

    Vietnam Trademark

     

    Vietnam IP Agent

    Notes to company formation in Vietnam

     

    M&A

    How to open company in Vietnam

     

    Banking & financial services

    Open representative office in Vietnam

     

    Contract consultancy

    Establish company in Vietnam

     

    Employment and labor

    Corporate services in Vietnam

     

    Litigation and dispute resolution

    Vietnam Law Firm

     

    Franchise in Vietnam

    Vietnam Antidumping Law Firm

     

    Vietnam Franchise registration

    Vietnam countervailing law firm

     

    Vietnam Business Law Firm

    Vietnam Real estate law firm

     

    Vietnam construction law firm

    Law firm in Hanoi

     

    Law Firm in Ho Chi Minh

    Debt collection in Vietnam

     

    Debt recovery law firm in Vietnam

    Debt collection law firm in Vietnam

     

    Vietnam Debt Collection law firm

    ASEAN IP Agent

     

    ASEAN IP FIRM

    IP agent in ASEAN

     

    Establish R.O in Vietnam

    Setting up a foreign-invested company

     

    Setup foreign company in Vietnam

    Technology Transfer in Vietnam

     

    Technology Transfer services

    Labour law in Vietnam

     

    Employment law in vietnam

    Vietnam franchise law firm

     

    International trademark registration

     

     

     

     

     

     

     

     

    Contact Me on Zalo
    +84366667697
    WhatsApp chat