Industry News

Commerce Prohibits Bond Option for First Time

June 8, 2016

On June 6, 2016, Commerce initiated two new shipper reviews on Shandong Xinghongyuan Tire’s passenger vehicle and light truck tires which, for the first time, implemented new provisions which prohibit importers of subject merchandise from posting bonds during review, rather than making cash deposits. These provisions conform to the Trade Enforcement and Trade Facilitation legislation enacted this past February.

See the relevant notices in the Federal Register here and here.

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