MESSAGE NO: 6306115 DATE: 11 02 1995
CATEGORY: CVD TYPE: LIQ
REFERENCE: REFERENCE DATE:
CASES: C - 333 - 002 - -
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PERIOD COVERED: 01 01 1994 TO 12 31 1994

LIQ SUSPENSION DATE:

TO: CMC DIRECTORS,
PORT DIRECTORS

FROM: DIRECTOR, TECHNICAL PROGRAMS

RE: LIQUIDATION INSTRUCTIONS ON COTTON YARN FROM PERU
(C-333-002)


1. ON OCTOBER 4, 1995, THE DEPARTMENT OF COMMERCE TERMINATED
ITS ADMINISTRATIVE REVIEW OF THE COUNTERVAILING DUTY ORDER
ON COTTON YARN FROM PERU (C-333-002) FOR JANUARY 1, 1994
THROUGH DECEMBER 31, 1994 PERIOD.

2. THE SCOPE OF THIS ORDER COVERS SHIPMENTS OF COTTON YARN FROM
PERU CLASSIFIABLE UNDER HARMONIZED TARIFF SCHEDULE ITEM
NUMBERS 5205.1110 THROUGH 5206.4500 INCLUSIVE.

3. THEREFORE, IN ACCORDANCE WITH SECTION 355.22(G) OF THE
COMMERCE REGULATIONS, YOU ARE TO ASSESS COUNTERVAILING DUTIES
AT RATES EQUAL TO THE CASH DEPOSIT OF ESTIMATED
COUNTERVAILING DUTIES REQUIRED AT THE TIME OF ENTRY ON THE
SPECIFIED SUBJECT MERCHANDISE EXPORTED ON OR AFTER JANUARY 1,
1994 AND WHICH ENTERED ON OR BEFORE DECEMBER 31, 1994.

4. THE RATE OF ESTIMATED COUNTERVAILING DUTIES WHICH WERE
REQUIRED TO BE DEPOSITED WAS 1.00 PERCENT OF THE F.O.B.
INVOICE PRICE.

5. THE SUSPENSION OF LIQUIDATION ORDERED FOR COTTON YARN FROM
PERU EXPORTED ON OR AFTER JANUARY 1, 1994 AND ENTERED ON OR
BEFORE DECEMBER 31, 1994 IS LIFTED. THIS COUNTERVAILING DUTY
ORDER WAS REVOKED FOR ENTRIES MADE ON OR AFTER JANUARY 1,
1995. EXPORTS MADE DURING 1992, WHICH ARE SUBJECT TO AN
OUTSTANDING ADMINISTRATIVE REVIEW, SHOULD CONTINUE TO REMAIN
SUSPENDED.

6. THE ASSESSMENT OF COUNTERVAILING DUTIES BY THE CUSTOMS
SERVICE ON ENTRIES OF THIS MERCHANDISE IS SUBJECT TO THE
PROVISIONS OF SECTION 778 OF THE TARIFF ACT OF 1930. SECTION
778 REQUIRES THAT CUSTOMS PAY INTEREST ON OVERPAYMENTS, OR
ASSESS INTEREST ON UNDERPAYMENTS, OF THE REQUIRED AMOUNTS
DEPOSITED AS ESTIMATED COUNTERVAILING DUTIES. THE INTEREST
PROVISIONS ARE NOT 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 SUCH INTEREST IS PAYABLE IS
THE RATE IN EFFECT UNDER SECTION 6621 OF THE INTERNAL REVENUE
CODE OF 1954 FOR SUCH PERIOD.


7. IF THERE ARE ANY QUESTIONS REGARDING THIS MATTER BY CUSTOMS
OFFICERS, PLEASE CONTACT VIA EMAIL, THROUGH THE APPROPRIATE
SUPERVISORY CHANNELS, TECHNICAL PROGRAMS,
ANTIDUMPING/COUNTERVAILNG DUTY, USING THE ATTRIBUTE "HQ OAB".
THE IMPORTING PUBLIC AND OTHER INTERESTED PARTIES SHOULD
CONTACT GAYLE LONGEST OF THE OFFICE OF COUNTERVAILING
COMPLIANCE, IMPORT ADMINISTRATION, INTERNATIONAL TRADE
ADMINISTRATION, US DEPARTMENT OF COMMERCE AT (202) 482-2786.

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

NANCY MCTIERNAN