MESSAGE NO: 7016201 DATE: 01 16 2007
CATEGORY: CVD TYPE: LIQ
REFERENCE: REFERENCE DATE:
CASES: C - 475 - 215 - -
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PERIOD COVERED: 07 25 2006 TO

LIQ SUSPENSION DATE:

TO: DIRECTORS OF FIELD OPERATIONS
PORT DIRECTORS

FROM: DIRECTOR, SPECIAL ENFORCEMENT

RE: REVOCATION OF COUNTERVAILING DUTY ORDER ON OIL COUNTRY
TUBULAR GOODS FROM ITALY(COMMERCE CASE NUMBER C-475-817
CUSTOMS CASE NUMBER C-475-215)

1. AS A RESULT OF A FIVE-YEAR ("SUNSET") REVIEW, THE U.S.
DEPARTMENT OF COMMERCE (COMMERCE) HAS REVOKED THE COUNTERVAILING
DUTY ORDER ON OIL COUNTRY TUBULAR GOODS FROM ITALY (C-475-215).
THIS REVOCATION WAS PUBLISHED IN THE FEDERAL REGISTER ON
12/26/2006 (71 FR 77383). THE EFFECTIVE DATE OF THE REVOCATION
IS 07/25/2006.

2. U.S. CUSTOMS AND BORDER PROTECTION (CBP) IS DIRECTED TO
TERMINATE THE SUSPENSION OF LIQUIDATION FOR ALL SHIPMENTS OF OIL
COUNTRY TUBULAR GOODS FROM ITALY ENTERED, OR WITHDRAWN FROM
WAREHOUSE, FOR CONSUMPTION ON OR AFTER 07/25/2006. ALL ENTRIES
OF THE SUBJECT PRODUCT THAT WERE SUSPENDED ON OR AFTER
07/25/2006 SHOULD BE LIQUIDATED WITHOUT REGARD TO COUNTERVAILING
DUTIES (I.E., RELEASE ALL BONDS AND REFUND ALL CASH DEPOSITS,
WITH INTEREST).

3. ENTRIES OF THE SUBJECT PRODUCT ENTERED OR WITHDRAWN FROM
WAREHOUSE PRIOR TO 07/25/2006 SHOULD NOT BE LIQUIDATED UNTIL YOU
RECEIVE SEPARATE AND SPECIFIC LIQUIDATION INSTRUCTIONS.

4. THE ASSESSMENT OF COUNTERVAILING DUTIES BY CBP ON ENTRIES OF
THIS MERCHANDISE IS SUBJECT TO PROVISIONS OF SECTION 778 OF THE
TARIFF ACT OF 1930. SECTION 778 REQUIRES THAT CBP PAY INTEREST
ON OVERPAYMENTS AND ASSESS INTEREST ON UNDERPAYMENTS, OF THERE
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 OF PAYMENT OF ESTIMATED COUNTERVAILING
DUTIES 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.

5. IF THERE ARE ANY QUESTIONS REGARDING THIS MATTER BY CBP
OFFICERS, THE IMPORTING PUBLIC OR INTERESTED PARTIES, PLEASE
CONTACT DAVINA HASHMI OR RON TRENTHAM AT OFFICE OF AD/CVD
ENFORCEMENT, IMPORT ADMINISTRATION, INTERNATIONAL TRADE
ADMINISTRATION, U.S. DEPARTMENT OF COMMERCE, AT (202) 482-0984
OR (202) 482-3577, RESPECTIVELY (GENERATED BY 06:JJZ).

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

CATHY SAUCEDA