[Federal Register Volume 59, Number 43 (Friday, March 4, 1994)]
[Unknown Section]
[Page 0]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 94-5037]
[[Page Unknown]]
[Federal Register: March 4, 1994]
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DEPARTMENT OF COMMERCE
(C-351-037)
Cotton Yarn From Brazil; Final Results of Countervailing Duty
Administrative Review
AGENCY: International Trade Administration/Import Administration,
Commerce.
ACTION: Notice of final results of countervailing duty administrative
review.
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SUMMARY: On January 3, 1994, the Department of Commerce published the
preliminary results of its administrative review of the countervailing
duty order on cotton yarn from Brazil (59 FR 68). We have now completed
that review and determine the net subsidy to be 0.30 percent ad valorem
for all firms during the period January 1, 1992 through December 31,
1992. In accordance with 19 CFR 355.7, any rate less than 0.50 percent
ad valorem is de minimis.
EFFECTIVE DATE: March 4, 1994.
FOR FURTHER INFORMATION CONTACT: Gayle Longest or Kelly Parkhill,
Office of Countervailing Compliance, International Trade
Administration, U.S. Department of Commerce, Washington, DC 20230;
telephone: (202) 482-2786.
SUPPLEMENTARY INFORMATION:
Background
On January 3, 1994, the Department of Commerce (the Department)
published in the Federal Register (59 FR 68) the preliminary results of
its administrative review of the countervailing duty order on cotton
yarn from Brazil (42 FR 14089; March 15, 1977). The Department has now
completed that administrative review in accordance with section 751 of
the Tariff Act of 1930, as amended (the Act).
Scope of Review
Imports covered by this review are shipments of Brazilian yarn,
carded but not combed, wholly of cotton. During the review period, such
merchandise was classifiable under item numbers 5205.11.10, 5205.11.20,
5205.12.10, 5205.12.20, 5205.13.10, 5205.13.20, 5205.14.10, 5205.14.20,
5205.15.10, 5205.15.20, 5205.31.00, 5205.32.00, 5205.33.00, 5205.34.00,
and 5205.35.00 of the Harmonized Tariff Schedule (HTS). The HTS item
numbers are provided for convenience and Customs purposes. The written
description remains dispositive.
The review covers the period January 1, 1992 through December 31,
1992, eight companies and the following seven programs: (1) Income Tax
Exemption for Export Earnings; (2) Reductions of Taxes and Import
Duties through BEFIEX; (3) SUDENE Regional Tax Exemption; (4) CACEX
(Carteira de Comercio Exterior) Working Capital Financing for Exports;
(5) Preferential Export Financing under CIC-OPCRE of the Banco do
Brasil; (6) Preferential Financing for Industrial Enterprises by the
Banco do Brasil (FST and EGF loans); and (7) IPI (Tax on Industrialized
Products) for Imports of Machinery or Equipment Under Decree Law 2324.
Calculation Methodology for Assessment and Cash Deposit Purposes
In calculating the benefits received during the review period, we
followed the methodology described in the preamble to 19 CFR 355.20(d)
(53 FR 52325; December 27, 1988). First, we calculated a country-wide
rate, weight-averaging the subsidy rates of the eight companies subject
to review to determine the overall subsidy from all countervailing
programs benefitting exports of the subject merchandise to the United
States. Because the overall weighted-average country-wide rate was de
minimis, as defined by 19 CFR 355.7, we did not proceed any further in
our analysis.
Analysis of Comments Received
We gave interested parties an opportunity to comment on the
preliminary results. We received no comments.
Final Results of Review
As a result of our review, we determine the net subsidy to be 0.30
percent ad valorem for all firms during the period January 1, 1992
through December 31, 1992. In accordance with 19 CFR 355.7, any rate
less than 0.50 percent ad valorem is de minimis.
Therefore, the Department will instruct the Customs Service to
liquidate, without regard to countervailing duties, all shipments of
this merchandise exported on or after January 1, 1992 and on or before
December 31, 1992.
The Department will instruct the Customs Service to continue to
suspend liquidation on all shipments of this merchandise entered, or
withdrawn from warehouse, for consumption on or after the date of
publication of this notice. Because the net subsidy is de minimis,
however, the cash deposit on such shipments will be zero. These
instructions shall remain in effect until publication of the final
results of the next administrative review.
This administrative review and notice are in accordance with
section 751(a)(1) of the Tariff Act (19 U.S.C. 1675(a)(1)) and 19 CFR
355.22.
Dated: February 25, 1994.
Joseph A. Spetrini
Acting Assistant Secretary for Import Administration.
[FR Doc. 94-5037 Filed 3-3-94; 8:45 am]
BILLING CODE 3510-DS-P
