South Korea Car and Truck Tires: Final Results of AD Admin Review
The Commerce Department issued the final results of the antidumping duty administrative review on passenger vehicle and light truck tires from South Korea (A-580-908). These final results will be used to set final assessments of AD on importers for subject merchandise entered Jan. 6, 2021, through June 30, 2022.
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New Cash Deposit Rates Take Effect Feb. 5
For entries on or after Feb. 5, the date the final results were published in the Federal Register, Commerce is setting new AD duty cash deposit rates. For any other exporters of subject merchandise that were not under review (i.e., all exporters of subject merchandise except those listed below), cash deposit rates will remain at the level set in the most recent review of each respective company. For companies that have never been assigned a cash deposit rate by Commerce, the all-others rate of 21.74% applies. The new rates are as follows:
| Exporter | AD Rate |
|---|---|
| Hankook Tire & Technology Co., Ltd. (aka Hankook Tire Mfg. Co., Ltd. and Hankook Tire Co., Ltd.) | 6.3% |
| Nexen Tire Corporation | 4.29% |
| Kumho Tire Co., Inc. | 5.4% |
Assessment Rates for Entries Jan. 6, 2021 - June 2022
Commerce is using the rates it calculated in these final results to set assessments of AD on importers of subject merchandise for entries Jan. 6, 2021, through June 30, 2022. Commerce will liquidate entries from Hankook and Nexen during that period at importer-specific rates. Entries from Kumho will be liquidated at the rate listed above.
(The review period is 01/06/21 - 06/30/22. See Commerce's notice for more information, including the scope of the order, detailed cash deposit and assessment instructions, etc. See 2308030040 for a summary of the preliminary results of this administrative review.)