Korea Large Residential Washers: CV Rates Rise for Most in Final Determination
The International Trade Administration issued its final affirmative countervailing duty determination on large residential washers from Korea (C-580-869), which increased the CV rates for most Korean companies. Although this final determination takes effect Dec. 26, ITA will only require CV cash deposits of estimated CV duties if it issues a CV order.
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(The ITA has also issued a final affirmative determination in the companion antidumping duty determination. See ITT's Online Archives for summary.)
ITA Adopted Scope Exclusion
After the preliminary determination, the ITA amended the scope of this investigation to exclude top-load washing machines with a vertical rotational axis and a rated capacity of less than 3.7 cubic feet. No changes to the scope have been made since then, the ITA said.
CV Susp/Cash Deposit thru Oct. 2
The ITA will instruct CBP to continue the suspension of liquidation of all entries from June 5 through Oct. 2, other than entries of subject merchandise exported by LG, which received a de minimis rate.
CV Liq Reinstated and No CV Cash/Bond as of Oct. 3
The ITA previously instructed CBP to discontinue the suspension of liquidation for CV duty purposes and the collection of CV duty cash deposits or bonds for subject merchandise entered on or after Oct. 3.
CV Liq to be Suspended Again & CV Cash Deposit Required if Order Issued
The ITA will issue a CV duty order, reinstate the suspension of liquidation, and require a cash deposit of estimated CV duties for entries of subject merchandise (other than those exported by LG) at the revised CV rates listed below if the International Trade Commission issues a final affirmative injury determination:
| Manufacturer/Exporter | CV Rate |
|---|---|
| Samsung Electronics Co., Ltd. | 1.85% (from 1.20%) |
| LG Electronics Inc. | de minimis (unchanged) |
| Daewoo Electronics Corporation | 72.3% (from 70.58%) |
| All others rate | 1.85% (from 1.20%) |
(Note that there is no CV duty liability during the "gap period" of Oct. 3 until the date an ITC final affirmative injury determination is published in the Federal Register.)
(The period of investigation is 01/01/11 -- 12/31/11. See ITA’s notice for more information, including the scope of the order, detailed instructions on cash deposit and assessment rates, changes since the preliminary determination, etc. See ITT’s Online Archives 12060432 for summary of the preliminary determination of this investigation, and 12122003 for summary of ITA fact sheet on this final determination, as well as the companion AD final determination.)
ITA Contact -- Justin Neuman (202) 482-0486
(FR Pub 12/26/12)