US abolishes tax evasion probe into Vietnamese wooden cabinets
VOV.VN - The United States has decided to abolish its investigation into the scope of products and the circumvention of trade defence tax evasion of wooden cabinets imported from Vietnam, said the Trade Remedies Authority of Vietnam (TRAV) citing the final conclusion issued recently by the US Department of Commerce (DOC).
With regard to the investigation into the scope of products, the US side has maintained that the preliminary conclusion had been adjusted in September 2023.
Accordingly, a total of three cases of wooden cabinets imported from Vietnam with parts made in China fell within the scope of the original tax order with the northern neighbour.
The TRAV stated that the DOC will send a notice to the US Customs and Border Protection (CBP) to instruct the application of the Certificate Regime to Vietnamese wooden cabinets.
The mechanism will therefore allow local firms that do not fall into the above three cases to be exempted from anti-dumping or countervailing duties when exporting items to the US market.
With regard to the anti-circumvention investigation, the DOC has abolished the entire probe into trade remedy tax evasion on wooden cabinets imported from Vietnam.
To protect the legitimate rights and interests of Vietnamese enterprises, the TRAV has recommended that local businesses fully comply with the regulations set by the Certificate Regime and closely coordinate with the TRAV to receive timely support.
Since April 2020, the US has imposed anti-dumping and anti-subsidy duties on wooden cabinets originating from China, with anti-dumping tax rates ranging from 4.37% to 262.18%, as well as anti-subsidy tax rates ranging from 13.33% to 293.45%.
