US extends anti-tax evasion investigation into Vietnamese stainless steel plates
As a result, the review will last until January 4 next year.
The DOC initiated the product investigation (belt and strapping) on May 15, 2020.
Specifically, the Department investigated issues related to the scope investigation to determine whether stainless steel sheet products manufactured in China, then processed in Vietnam before being exported to the United States are subject to the tax or not; and the anti-circumvention behavior of Vietnamese companies.
The stainless steel plate (belt and strip) investigation was conducted as part of the DOC’s own investigation, not based on submissions from other third parties, including US domestic industries.
The MoIT said that since February 2017, the DOC has imposed anti-dumping and anti-subsidy duties on stainless steel products (HS code classes 7219 and 7220) originating in China with an anti-dumping duty rate of 63.86 to 76.64 % and anti-subsidy duties. rights from 75.60% to 190.71%. Meanwhile, the US import duty rate applied to stainless steel plate from Vietnam is 0%.
Recently, on May 5, 2022, the DOC announced the extension of the deadline for publication of the final conclusions of its investigation until September 6, 2022. This is the fourth time that the United States has announced an extension of the period of investigation. .
In order to safeguard the legitimate interests of Vietnamese exporters, stakeholders were urged to closely monitor the case and update the United States’ anti-tax evasion regulations, orders and investigation procedures. United.
Export companies should cooperate with goodwill and provide sufficient information to investigative agencies, as well as work closely with the Ministry of Information Technology to receive timely assistance./.