[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