Barcode : 4259556-02 A-533-889 REV - Admin Review 12 / 13 / 19 - 5 / 31 / 21
The first alternative is not available under this section since PESL only produces subject merchandise . 72 The second alternative is also not available given the application of AFA in determining the margin assigned to Antique Group , the only other respondent in this review . Thus , we must calculate selling expenses and profit under section 773 ( e )( 2 )( B )( iii ) of the Act ( i . e ., any other reasonable method ).
PESL submitted the financial statements of seven Indian producers of QSP or merchandise it states is comparable as a basis for CV . 73 In evaluating such alternative sources , Commerce applies different criteria to determine if said information can serve as a reasonable alternative . 74 For these preliminary results , we find that the audited financial statements of Shiva Granito Export Limited ( Shiva Granito ) and Asian Granito India Ltd . ( Asian Granito ) are suitable sources of CV information . 75 Specifically , these statements are contemporaneous with the POR , reflect the experience of profitable Indian producers of QSP ( albeit as part of a mix of products ), show that the preponderance of sales revenue was derived from the domestic market , and do not reflect substantial countervailable subsidization .
Additionally , because the record does not contain any sales of the merchandise in the same general category of products as the subject merchandise for consumption in the foreign country , we are unable to calculate a profit cap in accordance with section 773 ( e )( 2 )( B )( iii ) of the Act . As such , Shiva Granito ’ s and Asian Granito ’ s respective profit information serve as a reasonable profit cap . For these preliminary results , we find using a simple average of these two companies ’ CV profit and selling ratios as a reasonable alternative , in accordance with section 777 ( e )( 2 )( B )( iii ) of the Act . 76
VIII . CURRENCY CONVERSION
We made currency conversions into U . S . dollars in accordance with section 773A ( a ) of the Act and 19 CFR 351.415 , based on the exchange rates in effect on the dates of the U . S . sales as certified by the Federal Reserve Bank .
72
See PESL ’ s AQR at A-6 .
73
See PESL ’ s CV Comment at 2 and Exhibits CV-1 through CV-7 ( d ).
74
See , e . g ., Notice of Final Determination of Sales at Not Less Than Fair Value : Certain Color Television Receivers from Malaysia , 69 FR 20592 ( April 16 , 2004 ), and accompanying IDM , at Comment 26 ; and Finished Carbon Steel Flanges from India : Final Results of Antidumping Duty Administrative Review ; 2019 – 2020 , 87 FR 13701 ( March 10 , 2022 ), and accompanying IDM , at Comment 2 .
75
See PESL ’ s CV Comment at Exhibits CV-2 ( a ) through CV-2 ( d ) and CV-4 ( a ) through CV-4 ( d ).
76
See PESL ’ s Preliminary Analysis Memorandum at 2-3 and Attachment 2 .
18 Filed By : Kyle Clahane , Filed Date : 7 / 1 / 22 2:00 PM , Submission Status : Approved