MESSAGE NO: 2132111 DATE: 05 11 1992
CATEGORY: CVD TYPE: LIQ
REFERENCE: REFERENCE DATE:
CASES: C - 357 - 403 - -
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PERIOD COVERED: 01 01 1987 TO 12 31 1988

LIQ SUSPENSION DATE:

TO: REGIONAL DIRECTORS, COMMERCIAL OPERATIONS
DISTRICT DIRECTORS, AREA AND PORT DIRECTORS

FROM: DIRECTOR, IMPORT SPECIALIST DIVISION

RE: LIQUIDATION INSTRUCTIONS FOR OIL COUNTRY TUBULAR GOODS FRO
M ARGENTINA FOR THE 1987 AND 1989 PERIODS


1. THE DEPARTMENT OF COMMERCE PUBLISHED IN THE FEDERAL REGISTER
OF AUGUST 12, 1991, THE FINAL RESULTS OF ITS ADMINISTRATIVE
REVIEWS OF THE COUNTERVAILING DUTY ORDER ON OIL COUNTRY
TUBULAR GOODS FROM ARGENTINA. THE REVIEWS COVER THE PERIODS
JANUARY 1, 1987 THROUGH DECEMBER 31, 1987 AND JANUARY 1, 1988
THROUGH DECEMBER 31, 1988.

2. IMPORTS COVERED BY THE REVIEW ARE SHIPMENTS OF OIL COUNTRY
TUBULAR GOODS FROM ARGENTINA. THESE PRODUCTS INCLUDE
FINISHED OR UNFINISHED OIL COUNTRY TUBULAR GOODS, WHICH
ARE HOLLOW STEEL PRODUCTS OF CIRCULAR CROSS SECTION
INTENDED FOR USE IN THE DRILLING OF OIL OR GAS, AND OIL WELL
CASING, TUBING AND DRILL PIPE OF CARBON OR ALLOY STEEL,
WHETHER WELDED OR SEAMLESS, MANUFACTURED TO EITHER AMERICAN
PETROLEUM INSTITUTE (API) OR PROPRIETARY SPECIFICATIONS.

DURING THE REVIEW PERIODS, SUCH MERCHANDISE WAS CLASSIFIABLE
UNDER ITEM NUMBERS 610.3216, 610.3219, 610.3233, 610.3234,
610.3242, 610.3243, 610.3249, 610.3252, 610.3254, 610.3256,
610.3258, 610.3262, 610.3264, 610.3721, 610.3722, 610.3751,
610.3925, 610.3935, 610.4025, 610.4035, 610.4210, 610.4220,
610.4230, 610.4240, 610.4310, 610.4320, 610.4335, 610.4942,
610.4944, 610.4946, 610.4954, 610.4955, 610.4956, 610.4957,
610.4966, 610.4967, 610.4968, 610.4969, 610.4970, 610.,5221,
610.5222, 610.5226, 610.5234, 610.5240, 610.5242, 610.5243
AND 610.5244 OF THE TARIFF SCHEDULES OF THE UNITED STATES
ANNOTATED (TSUSA) AND IS CURRENTLY CLASSIFIABLE UNDER ITEM
NUMBERS 7304.20.20, 7304.20.40, 7304.20.50, 7304.20.60,
7304.20.70, 7304.20.80, 7304.39.00, 7304.51.50, 7304.59.60,
7304.59.80, 7304.90.70, 7305.20.40, 7305.20.60, 7305.20.80,
7305.31.40, 7305.31.60, 7305.39.10, 7305.39.50, 7305.90.10,
7305.90.50, 7306.20.20, 7306.20.30, 7306.20.40, 7306.20.60,
7306.20.80, 7306.30.50, 7306.50.50, 7306.60.70 AND 7306.90.10
OF THE HARMONIZED TARIFF SCHEDULE (HTS).

3. THE TOTAL BOUNTY OR GRANT WAS FOUND TO BE 0.09 PERCENT AD
VALOREM FOR THE PERIOD JANUARY 1, 1987 THROUGH DECEMBER 31,
1987, AND 0.93 PERCENT AD VALOREM FOR THE PERIOD JANUARY 1,
1988 THROUGH DECEMBER 31, 1988.

4. ACCORDINGLY, YOU ARE TO WAIVE COUNTERVAILING DUTIES ON ALL
SHIPMENTS OF THIS MERCHANDISE EXPORTED ON OR AFTER JANUARY 1,
1987 AND ON OR BEFORE DECEMBER 31, 1987 (I.E. LIQUIDATE AT
0%) AND COLLECT COUNTERVAILING DUTIES OF 0.93 PERCENT AD
VALOREM ON ALL SHIPMENTS OF THIS MERCHANDISE EXPORTED ON OR
AFTER JANUARY 1, 1988 AND ON OR BEFORE DECEMBER 31, 1988.

5. THE PROVISIONS OF SECTION 778 OF THE TARIFF ACT REQUIRE THAT
INTEREST BE PAID ON OVERPAYMENTS OR UNDERPAYMENTS OF AMOUNTS
DEPOSITED AS ESTIMATED COUNTERVAILING DUTIES. SUCH INTEREST
IS PAYABLE AT THE RATE IN EFFECT UNDER SECTION 6621 OF THE
INTERNAL REVENUE CODE OF 1954 FOR SUCH PERIOD. THE INTEREST
SHALL BE CALCULATED AT THAT RATE FROM THE DATE OF PAYMENT OF
ESTIMATED DUTIES THROUGH THE DATE OF LIQUIDATION.

6. THE SUSPENSION OF LIQUIDATION ORDERED FOR THIS MERCHANDISE
EXPORTED ON OR BEFORE DECEMBER 31, 1988 IS LIFTED.
SUSPENSION OF LIQUIDATION FOR ALL ENTRIES OF THIS MERCHANDISE
EXPORTED ON OR AFTER JANUARY 1, 1989 WILL CONTINUE.

7. CUSTOMS OFFICERS SHALL CONTINUE TO COLLECT A CASH DEPOSIT OF
0.00 PERCENT AD VALOREM IN ACCORDANCE WITH OUR PREVIOUS
INSTRUCTIONS ISSUED IN E-MAIL 2346111 OF DECEMBER 12, 1991.
THIS DEPOSIT REQUIREMENT WILL REMAIN IN EFFECT UNTIL
PUBLICATION OF THE FINAL RESULTS OF THE NEXT ADMINISTRATIVE
REVIEW OF THE COUNTERVAILING DUTY ORDER ON THIS MERCHANDISE.

8. IF THERE ARE ANY QUESTIONS REGARDING THIS MATTER BY CUSTOMS
OFFICERS, PLEASE CONTACT THE IMPORT SPECIALIST DIVISION,
OTHER AGENCY BRANCH, 202-566-8651, OR BY E-MAIL TO ATTRIBUTE
"HQ OAB". THE IMPORTING PUBLIC AND OTHER INTERESTED PARTIES
SHOULD CONTACT THE OFFICE OF COUNTERVAILING COMPLIANCE,
IMPORT ADMINISTRATION, INTERNATIONAL TRADE ADMINISTRATION,
DEPARTMENT OF COMMERCE, (202) 377-2786.

9. THERE ARE NO RESTRICTIONS ON THE RELEASE OF THIS INFORMATION.



NANCY MCTIERNAN