An issue that has been the subject of much conversation is the question of “bonding”.
Those companies with Continuous Bonds will see their amounts increase, depending on the results of the investigations, with the Surety Companies letting us all know how much more will be required to maintain same.
As for those companies who do not have a continuous bond, while we will address the Softwood Lumber Updates as received, insofar as posting “single bonds” is concerned, that choice is no longer available with the change having been in effect for quite some time.
The following Department of Commerce rule 19 CFR Part 351, Docket no. 11020253-1577-02 RIN 0625-AA88 applies to all investigations initiated on the basis of petitions filed on or after the effective date which was November 2, 2011.
The pertinent portion of the Final rule is as follows:
Modification of Regulations Regarding the Practice of Accepting Bonds During the Provisional Measures Period in Antidumping (ADD) and Countervailing Duty (CVD) Investigations
AGENCY: Import Administration, International Trade Administration, Department of Commerce.
ACTION: Final rule.
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SUMMARY: The Department of Commerce (the Department) is amending its regulations governing the effect of an affirmative preliminary determination in antidumping or countervailing duty proceedings to establish that the provisional measures will normally take the form of a cash deposit. Requiring that provisional measures will normally take the form of a cash deposit will help to strengthen the administration of the nation’s antidumping (AD) and countervailing duty (CVD) laws by making importers directly responsible for the payment of AD and CVD duties.
DATES: This Final Rule is effective November 2, 2011. This rule will apply to all investigations initiated on the basis of petitions filed on or after this effective date.