US launches anti-tax evasion investigation into steel pipe imported from Vietnam
The US Department of Commerce (DOC) announced that it has launched a trade remedy duty evasion investigation into a number of steel pipe products imported from Vietnam.
Hanoi (VNA) – The US Department of Commerce (DOC) announcedthat it has launched a trade remedy duty evasion investigation into a number ofsteel pipe products imported from Vietnam.
According to the Trade Remedies Authority of Vietnam underthe Ministry of Industry and Trade, in this case, the plaintiffs, including USlarge steel pipe manufacturers, accused Vietnam of importing hot rolled steel(HRS) - the main raw material for the production of steel pipes - from China,Taiwan (China), the Republic of Korea, and India, and then simply processing theminto steel pipes and exporting them to the US in order to avoid the respectivetrade remedies that the US is applying to these countries.
According to US law, relevant parties have 30 days from thedate of initiation to submit comments and provide counter-information to USinvestigative agencies. Within 300 days of initiation, the DOC must issue afinal conclusion of the case, which may be extended, but for a total period notexceeding 365 days.
Earlier in May, the US received requests to investigateagainst trade remedy tax evasion with a number of Vietnamese steel pipeproducts.
The Trade Remedies Authority of Vietnam advised relevant steelpipe producers and exporters to continue studying the regulations andprocedures for trade remedy evasion investigation in the US.
In addition, businesses need to properly and fully complywith the requirements of the US investigation agency and closely coordinatewith the authority throughout the case, it said./.
The US Department of Commerce (DOC) has decided to carry out antidumping duty and countervailing duty investigations on imports of corrosion-resistant carbon steel pipe from Vietnam.
Steel manufacturer Hoa Phat Group sold over 184,000 tonnes of steel pipes in the first three months of this year, a 27 percent increase against the same period last year and giving it the lead in market share, with 30.2 percent.
The US Department of Commerce has extended the time to consider requests for investigation into the charge on trade remedy tax evasion regarding some steel pipe products, mostly those coded HS 7306.61 and 7306.30 imported from Vietnam, for another 30 days.
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Illustrative image (Source: VNA) 
