US Extends Anti-Tax Evasion Investigation of Vietnamese Steel Pipe Imports | Company

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Illustrative photo (Source: VNA)

Hanoi (VNA) – The US Department of Commerce extended the deadline for reviewing requests to investigate the accusation of trade remedy tax evasion regarding certain steel pipes products, mainly those coded HS 7306.61 and 7306.30 imported from Vietnam, for another 30 days.

As a result, the reflection will last until July 28 instead of July 1 as previously announced.

In their lawsuit, major steel pipe makers in the United States accused Vietnam of importing hot rolled steel (HRS), the main raw material for the production of steel pipes, from mainland China, Taiwan (China), the Republic of Korea and India, and then simply processed into steel pipes for the export to the United States in order to evade the respective trade remedy tax that the United States levies on the aforementioned countries.

The Vietnam Trade Remedies Authority has recommended the Vietnamese companies concerned to continue to review the production and export activities of the products under investigation, in particular the sources of HRS raw materials.

He also advised companies to study US regulations on tax evasion investigation procedures and to strictly and fully comply with US agency requirements during the investigation, if applicable./.

ANV


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