July 18, 2024 | 07:30 GMT+7

US abolishes tax invasion investigation for Vietnamese wooden cabinets

Huyền Vy -

Vietnamese wooden cabinets that do not have made-in-China components are exempted from anti-dumping or countervailing duties when exported to the US.

The US has decided to abolish its investigation into potential tax evasion of wooden cabinets imported from Vietnam, according to the final conclusion issued recently by the US Department of Commerce (DOC), the Trade Remedies Authority of Vietnam (TRAV) under the Ministry of Industry abd Trade has said.

Regarding product scope investigation, the US has maintained that the preliminary conclusion had been adjusted in September 2023.

Accordingly, the three cases of wooden cabinets imported from Vietnam, which have suspected components made in China, fell within the scope of the original tax order with China.

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.

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%.

 

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