DOC Postpones '09 Bedroom Furniture Review Deadline

August 26, 2010  by in UnCategorized   

By Home Furnishings Business in Bedroom on August 27, 2010

The U.S. Department of Commerce has extended the deadline for a preliminary ruling on the 2009 new shipper review of wood bedroom furniture from China.

The original deadline was this Saturday. The deadline for completion of the final results of these reviews is Dec. 27.

DOC said in its Federal Register announcement Friday that it needed requires additional time to examine surrogate value information in
these reviews. "Surrogate values" compute production costs in what DOC deems a market economy comparable to China, and applies those values to China, considered a non-market economy, to determine whether Chinese companies are pricing goods at less than fair value.