On July 17, 2023, after 7 delays, the US Department of Commerce (DOC) issued the Final Judgment on the investigation of anti-dumping and anti-subsidy tax evasion on imported hardwood plywood products. from Vietnam.
Specifically, the DOC upheld the conclusion in the preliminary ruling for 5 production scenarios within the scope of the investigated product.
However, the DOC has reviewed three production scenarios to avoid anti-dumping and anti-subsidy taxes.
Specifically, as follows: Front and back panels, with assembled core components (e.g. core boards) manufactured in China and assembled in Vietnam; Fully assembled core boards manufactured in China then laminated with a front and/or back panel manufactured in Vietnam or a third country; Laminated core panels manufactured in China are combined in Vietnam for the production of core boards and combined with front and/or back panels manufactured in China, Vietnam, or another country Tuesday.
Two production scenarios that are alleged by the DOC to evade anti-dumping and anti-subsidy duties include: Front and back panels and separate core panels manufactured in China and assembled into solid plywood in Vietnam. The individual core panels are manufactured in China and processed into a core plate in Vietnam and combined with a front or back panel manufactured in Vietnam and other third countries.
Regarding the list of companies that have applied adverse factual data (AFA), DOC also removed 2 enterprises from the list of 22 enterprises that failed to answer the questionnaire, namely An An Plywood Joint Stock Company and An An Plywood Company. CP Greatwood Hung Yen.
4 enterprises identified as cooperating in the preliminary judgment were listed as companies that refused and did not verify in the final judgment, including: Cam Lam Joint Stock Company; TL Trung Viet Company Limited; VVAT Company Limited; Zhongjia Wood Company Limited.
DOC also published a list of 24 enterprises that did not cooperate in the final decision and 13 enterprises that failed to answer the questionnaire in the final decision.
The DOC will impose a tax rate based on the adverse information available AFA to 37 businesses. The deposit stated in the preliminary ruling is 183.36% for anti-dumping duty (AD) and 22.98% for countervailing duty (CVD). These enterprises are also not entitled to the self-validation mechanism.
Vietnamwood (According to information from the Vietnam Timber and Forest Product Association).
