South Korea Car and Truck Tires: Prelim Results of AD Admin Review
The Commerce Department has published the preliminary results of its antidumping duty administrative review on passenger vehicle and light truck tires from South Korea (A-580-908). In the final results of this review, Commerce will set assessment rates for subject merchandise from the three companies under review entered July 1, 2022, through June 30, 2023.
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Commerce has ordered liquidation “as entered” at the cash deposit rate in effect at the time of entry for subject merchandise entered July 1, 2022, through June 30, 2023, that was exported by companies that are not under review (i.e., all except those listed below) (ADCVDWeb Message # 3296409).
Cash Deposit Requirements
Once Commerce issues its final results, new AD cash deposit requirements may take effect for some companies, beginning on the date of publication of the final results in the Federal Register. Commerce preliminarily calculated the following AD cash deposit rates:
| Exporter | AD Rate (Prelim) |
|---|---|
| Hankook Tire Mfg Co. Ltd. | 4.75% |
| Nexen Tire Corporation | 3.63% |
| Kumho Tire Co., Inc. | 4.19% |
Assessment Rates
As part of this administrative review, Commerce will also calculate final AD duty assessments on importers of subject merchandise exported by the companies under review that was entered between July 1, 2022, and June 30, 2023. If these preliminary results are confirmed in the final results, importers of subject merchandise from Hankook and Nexen would be assigned importer-specific rates. Entries from Kumho would be liquidated at the rate listed above.
(The period of review is 07/01/22 - 06/30/23. See the notice for additional information, including the scope of the order, potential cash deposit and assessment instructions, etc.)