US to decide on tax evasion investigation into VN steel pipe imports in July
VOV.VN - The US Department of Commerce has extended the time to consider requests for investigation of trade remedy tax evasion with respect to some steel pipe products imported from Vietnam for another 15 days.
The products under investigation are square (rectangular) steel pipes and welded round carbon steel pipes coded HS 7306.61 and 7306.30, according to the Trade Remedies Administration under the Ministry of Industry and Trade of Vietnam.
In their lawsuit, larges steel pipe manufacturers in the US accused Vietnam of importing hot rolled steel (HRS), the main raw material for producing steel pipes from China, Taiwan (China, the Republic of Korea and India, and then simply processing it into steel pipes and exporting to the US in order to evade the respective trade remedy tax that the US is applying to those countries.
The deadline for the DOC to decide whether to initiate an investigation into this case will be extended to July 1, 2022.
In order to ensure legitimate interests, the Trade Remedies Administration recommended that Vietnamese businesses specializing in producing and exporting steel pipe products continue to review production and export activities of the investigated products, especially the raw material HRS.
At the same time, it also recommended that Vietnamese businesses study US regulations on tax evasion investigation procedures and strictly and fully comply with the requirements of the US investigation agency during the course of the investigation if any.