Sheet rolled in cold and its countervailing duty.

The Ministry of Economy published in the Official Journal of the Federation, the final decision of the administrative procedure for the examination of the validity of the countervailing duty imposed on imports of SHEET ROLLED IN COLD originating in the Russian Federation and the Republic of Kazakhstan.

It should be noted that the decision in question is preceded by the Final Resolution of the anti-dumping investigation concerning imports of SHEET ROLLED IN COLD originating in the Russian Federation, the Republic of Kazakhstan and the Republic of Bulgaria, which has been published in the Official Gazette of the Russian Federation since 29 June 1999 and in which countervailing duties were determined as follows:

1. OF 83% for imports from A.O. Severstal and 88% from any other Russian company;

• Of 34% and 33% for imports originating in Kazakhstan that enter by the tariff fractions 7209.16.01 and 7209.17.01 of the Tariff of the Law on General Import and Export Taxes (TIGIE), respectively; and

• Of 44% and 45% for imports originating in Bulgaria entering by TIGIE tariff fractions 7209.16.01 and 7209.17.01 respectively.

On 12 December 2005, the final resolution of the first review of the countervailing duties was published in the Official Gazette of the Federation and it was decided to extend them for five years.

Subsequently, on 28 December 2010, the final resolution of the second review of the validity of the countervailing duties was published in the Official Journal of the Federation and it was decided to amend them as follows and to extend them for a further five years:

1. 15% and 22% for imports originating in Russia and Kazakhstan respectively; and

b.    The countervailing duties imposed on imports originating in Bulgary were eliminated.

Finally, on July 1, 2015, the final resolution of the third review of the validity of the countervailing duties was published in the Official Journal of the Federation and it was decided to extend its validity for another five years.

Through the publication of the notice on the validity of countervailing quotas dated 11 September 2018, domestic producers and any person having a legal interest were informed, that the definitive countervailing duties imposed would be eliminated as from the date of their expiration.

At this stage, the companies Ternium México, S.A. de C.V. and Altos Hornos de México, S.A.B. de C.V., expressed their interest in the Ministry of Economy to begin the review of the validity of the countervailing duties in question, which is why, on 20 June 2019, the resolution initiating the fourth review of the validity of these quotas was published in the Official Journal of the Federation.

Having discharged and concluded the procedure for the examination of the validity of the countervailing duties imposed on imports of SHEET ROLLED IN COLD originating in Russia and Kazakhstan, that enter through the tariff fractions 7209.16.01 and 7209.17.01 of the TIGIE or by any other, the Secretary of Economy decided to extend its validity for five more years.

Bandala | Díaz | García a firm with extensive experience in foreign trade. Come to us.