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AGENCY:
Enforcement and Compliance, International Trade Administration, Department of Commerce.
SUMMARY:
The U.S. Department of Commerce (Commerce) finds that revocation of the countervailing duty (CVD) order on raw flexible magnets from the People's Republic of China (China) would be likely to lead to continuation or recurrence of countervailable subsidies at the levels indicated in the “Final Results of the Sunset Review” section of this notice.
DATES:
Applicable October 11, 2024.
FOR FURTHER INFORMATION CONTACT:
Peter Zukowski, AD/CVD Operations, Office III, Enforcement and Compliance, International Trade Administration, U.S. Department of Commerce, 1401 Constitution Avenue NW, Washington, DC 20230; telephone: (202) 482-0189.
SUPPLEMENTARY INFORMATION:
Background
On September 17, 2008, Commerce published the CVD order on raw flexible magnets from China. On June 3, 2024, Commerce published the notice of initiation of the third sunset review of the Order, pursuant to section 751(c) of the Tariff Act of 1930, as amended (the Act). On June 14, 2024, Commerce received a notice of intent to participate from Magnum Magnetics Corporation (the domestic interested party), within the deadline specified in 19 CFR 351.218(d)(1)(i). The domestic interested party claimed interested party status under section 771(9)(C) of the Act as a U.S. producer of the domestic like product.
See Raw Flexible Magnets from the People's Republic of China: Countervailing Duty Order,73 FR 53849 (September 17, 2008) ( Order).
See Initiation of Five-Year (Sunset) Reviews, 89 FR 47525 (June 3, 2024).
See Domestic Interested Party's Letter, “Notice of Intent to Participate,” dated June 14, 2024.
Id. at 2.
On June 28, 2024, Commerce received an adequate substantive response from the domestic interested party within the 30-day deadline specified in 19 CFR 351.218(d)(3)(i). Commerce did not receive a substantive response from any other interested party in this proceeding, and no party requested a hearing. On July 23, 2024, Commerce notified the U.S. International Trade Commission that it did not receive an adequate substantive response from respondent interested parties. As a result, Commerce conducted an expedited (120-day) sunset review of the Order, pursuant to section 751(c)(3)(B) of the Act and 19 CFR 351.218(e)(1)(ii) (C)(2).
See Domestic Interested Party's Letter, “Domestic Industry Substantive Response,” dated June 28, 2024.
See Commerce's Letter, “Sunset Reviews Initiated on June 3, 2024,” dated July 23, 2024.
On July 22, 2024, Commerce tolled certain deadlines in this administrative proceeding by seven days. The deadline for the final results is now October 8, 2024.
See Memorandum, “Tolling of Deadlines for Antidumping and Countervailing Duty Proceedings,” dated July 22, 2024.
Scope of the Order
The merchandise covered by this order is raw flexible magnets. For a complete description of the scope of the Order, see the Issues and Decision Memorandum.
See Memorandum, “Issues and Decision Memorandum for the Final Results of the Expedited Third Sunset Review of the Countervailing Duty Order on Raw Flexible Magnets from the People's Republic of China,” dated concurrently with, and adopted by, this notice (Issues and Decision Memorandum).
Analysis of Comments Received
A complete discussion of all issues raised in this sunset review, including the likelihood of continuation or recurrence of countervailable subsidies in the event of revocation of the Order and the countervailable subsidy rates likely to prevail if the Order were revoked, is provided in the Issues and Decision Memorandum. A list of the topics discussed in the Issues and Decision Memorandum is attached as an appendix to this notice. The Issues and Decision Memorandum is a public document and is on file electronically via Enforcement and Compliance's Antidumping and Countervailing Duty Centralized Electronic Service System (ACCESS), which is available to registered users at https://access.trade.gov. In addition, a complete version of the Issues and Decision Memorandum can be accessed directly at https://access.trade.gov/public/FRNoticesListLayout.aspx.
Final Results of Sunset Review
Pursuant to sections 751(c) and 752(b) of the Act, we determine that revocation of the Order would be likely to lead to continuation or recurrence of a countervailable subsidies at the following net countervailable subsidy rates:
| Producers/exporters | Net countervailable subsidy rate (percent ad valorem) |
|---|---|
| China Ningbo Cixi Import Export Corporation | 109.95 |
| Polyflex Magnets Ltd | 109.95 |
| All Others | 109.95 |