🛠️New Compliance Regulations for Oil Country Tubular Goods Importers
Oil Country Tubular Goods From the People's Republic of China: Preliminary Affirmative Determination of Circumvention of the Antidumping Duty and Countervailing Duty Orders
Summary
The U.S. Department of Commerce (Commerce) preliminarily determines that imports of seamless oil country tubular goods (OCTG), completed in Thailand using steel billets produced in the People's Republic of China (China), are circumventing the antidumping duty (AD) and countervailing duty (CVD) orders on OCTG from China. Interested parties are invited to comment on this preliminary determination.
Agencies
- Commerce Department
- International Trade Administration
Business Impact
$$$ - High
The regulation outlines compliance requirements for businesses importing oil country tubular goods (OCTG) in relation to antidumping duties. Businesses that do not meet certification and documentation standards may face significant financial penalties, including cash deposit requirements and suspended liquidations. This regulation directly affects the importation process and cost structures for companies involved.