MESSAGE NO: 5124112 DATE: 05 04 1995
CATEGORY: CVD TYPE: COR
REFERENCE: REFERENCE DATE:
CASES: C - 470 - 004 - -
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PERIOD COVERED: 01 01 1989 TO 12 31 1990

LIQ SUSPENSION DATE:

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

FROM: DIRECTOR, TRADE COMPLIANCE DIVISION

RE: CORRECTION TO E-MAIL 2205111 DATED JULY 23, 1992



1. THIS IS A CORRECTION TO EMAIL #2205111 DATED JULY 23, 1992
REGARDING THE CASH DEPOSIT RATE (AND RESULTING ASSESSMENT
RATE FOR THE PERIOD 1989 AND 1990) IN EFFECT FOR THE
COUNTERVAILING DUTY ORDER ON SPANISH STEEL WIRE ROD
(C-470-004). THE CASH DEPOSIT RATE FOR ALL FIRMS WAS ZERO
PERCENT FOR ENTRIES MADE THROUGHOUT ALL OF 1989 AND 1990.

2. ACCORDINGLY, ZERO COUNTERVAILING DUTIES SHOULD BE COLLECTED
ON ENTRIES OF SPANISH STEEL WIRE ROD EXPORTED ON OR AFTER
JANUARY 1, 1989 AND ON OR BEFORE DECEMBER 31, 1990.

3. THE ASSESSMENT OF COUNTERVAILING DUTIES BY THE CUSTOMS
SERVICE ON ENTRY SUMMARIES OF THIS MERCHANDISE IS SUBJECT TO
THE PROVISIONS OF SECTION 778 O FTHE TARIFF ACT OF 1930.
SECTION 778 REQUIRES THAT CUSTOMS PAY INTEREST ON
OVERPAYMENTS, OR ASSESS INTEREST ON UNDERPAYMENTS, OF RQUIRED
AMOUNTS DEPOSITED AS ESTIMATED COUNTERVAILING DUTIES. THE
INTEREST PROVISIONS ARE NOT TO APPLICABLE TO CASH OR BONDS
POSTED AS ESTIMATED COUNTERVAILING DUTIES BEFORE THE DATE OF
PUBLICATION OF THE COUNTERVAILING DUTY ORDER. INTEREST SHALL
BE CALCULATED FROM THE DATE PAYMENT OF ESTIMATED
COUNTERVAILING DUTIES IS REQUIRED THROUGH THE DATE OF
LIQUIDATION. THE RATE AT WHICH INTEREST IS PAYABLE IS THE
RATE IN EFFECT UNDER SECTION 6621 OF THE INTERNAL REVENUE
CODE OF 1954 FOR SUCH PERIOD.




4. IF THERE ARE ANY QUESTIONS REGARDING THIS MATTER BY CUSTOMS
OFFICERS, PLEASE CONTACT VIA EMAIL, THROUGH THE APPROPRIATE
SUPERVISORY CHANNELS, TRADE PROGRAMS,
ANTIDUMPING/COUNERVAILING DUTY, USING 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) 482-2786.

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




NANCY MCTIERNAN