Epoxy Resins: Prelim AD Cash Deposit Rates Take Effect
The Commerce Department made preliminary affirmative antidumping duty determinations that imports of epoxy resins from China (A-570-166), India (A-533-926), South Korea (A-580-919), Taiwan (A-583-876) and Thailand (A-549-850) are being sold in the U.S. at less than fair value. The agency will impose AD cash requirements retroactively on entries of subject merchandise from China beginning Aug. 15, 2024. For Indian, South Korean, Taiwanese and Thai exporters, suspension of liquidation and cash deposit requirements take effect Nov. 13, 2024.
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Commerce also is conducting countervailing duty investigations on epoxy resins from China, India and Taiwan, setting CVD rates at 108.64% for all Chinese exporters and ranging from 1.55% to 113.83% for Indian companies and 1.32% to 3.32% for Taiwanese companies in preliminary determinations issued in September. Suspension of liquidation for CVD purposes and CVD cash deposit requirements took retroactive effect for Chinese companies June 15, 2024, and took effect for Indian and Taiwanese companies Sept. 13, 2024 (see 2409120026).
Cash Deposits Retroactive 90 Days for All Chinese Companies
Commerce made a finding that all exporters of epoxy resins from China increased their exports to the U.S. in the months before the preliminary determination. This “critical circumstances” finding by the agency allows it to retroactively require AD cash deposits for subject merchandise from all Chinese companies 90 days before the preliminary determination, i.e., Aug. 15, 2024.
Suspension of liquidation is already in effect for CVD purposes for all Chinese purposes effective June 15, 2024.
For South Korean and Thai companies, suspension of liquidation and AD cash deposit requirements take effect Nov. 13, 2024. For Indian and Taiwanese companies, AD cash deposit requirements also take effect Nov. 13, 2024, though liquidation is already suspended for CVD purposes for entries on or after Sept. 13, 2024.
AD Suspension of Liquidation and Cash Deposit Requirements
Commerce will instruct CBP to suspend liquidation for AD purposes for all entries of subject merchandise that are entered, or withdrawn from warehouse, on or after the dates listed in the tables below, and require cash deposits at the following rates:
India
| Exporter/Producer | AD Rate | Adjusted* | Sus. Liq. |
|---|---|---|---|
| Atul Limited | 12.01% | 10.52% | 11/13/24 |
| Champion Advanced Materials | 15.68% | zero | 11/13/24 |
| All Others | 12.01% | 10.52% | 11/13/24 |
South Korea
| Exporter/Producer | AD Rate | Sus. Liq. |
|---|---|---|
| Kukdo Chemical Co., Ltd. and Kukdo Finechem | 24.65% | 11/13/24 |
| Kumho P&B Chemicals, Inc. | 16.02% | 11/13/24 |
| All Others | 21.56% | 11/13/24 |
Thailand
| Exporter/Producer | AD Rate | Sus. Liq. |
|---|---|---|
| Aditya Birla Chemicals (Thailand) Limited | 5.59% | 11/13/24 |
| All Others | 5.59% | 11/13/24 |
Taiwan
| Exporter/Producer | AD Rate | Sus. Liq. |
|---|---|---|
| Chang Chun Plastics Co., Ltd. | 9.43% | 11/13/24 |
| Nan Ya Plastics Corporation | 20.61% | 11/13/24 |
| All Others | 14.81% | 11/13/24 |
China
| Exporter/Producer | AD Rate | Adjusted* | Sus. Liq. |
|---|---|---|---|
| China-wide Entity (i.e., all Chinese companies) | 354.99% | 344.45% | 08/15/24 |
*As adjusted for export subsidies found in Commerce's concurrent CVD investigation. This rate is currently in effect for cash deposit purposes, and will remain in effect while Commerce is collecting CVD cash deposits. If the “provisional measures” period in the CVD investigation expires, the rate in the “AD Rate” column will take effect for cash deposit purposes, until such time that CVD collection resumes.
(The period of investigation is 04/01/23 - 03/31/24 for India, South Korea, Taiwan and Thailand; for China, the period of investigation is 10/01/23 - 03/31/24. See Commerce's notice for more information, including the scope (unchanged), suspension of liquidation, etc. See 2404260024 for a summary of the initiation of this AD investigation.)