Epoxy Resin: Commerce Issues Final CVD Determinations for 4 Countries
The Commerce Department is setting new countervailing duty cash deposit requirements for imports of epoxy resin from China (C-570-167), India (C-533-927), Taiwan (C-583-877) and South Korea (C-580-920) after finding countervailable subsidization of producers and exporters in the four countries in the preliminary determinations of its CVD investigations. Suspension of liquidation and cash deposit requirements will take effect Sept. 13, 2024, for entries of subject merchandise from India and Taiwan, and will take retroactive effect for entries from China as of June 15, 2024.
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The agency reversed course from a negative preliminary determination that epoxy resin from South Korea is being subsidized in a way that would allow for the imposition of CVD. As a result, it suspended liquidation and imposed CVD cash deposit requirements for imports from Korea entered on or after April 3.
The department also revised the scope of the orders by adopting an exclusion for "Tetramethyl Bisphenol F Diglycidyl Ether epoxy resin, also known as Tetramethyl Bisphenol F -DGE Polymer (TMBPF-DGE)." Products that meet the exclusion must (1) have the chemical name phenol, 4, 4’- methylenebis[2,6-dimethyl-, polymer with 2-(chloromethyl)oxirane, (2) have the Chemical Abstract Services registry number 113693-69-9, and (3) have an epoxy equivalent weight of 200 to 230 grams of epoxy resin per epoxy equivalent.
Commerce also issued final determinations in its concurrent antidumping duty investigations on epoxy resin from China, India, South Korea, Taiwan and Thailand, setting AD rates at 354.99% for Chinese exporters; at 5.25% for Thai exporters; ranging from 12.69% percent to 15.68% for Indian exporters; ranging from 5.68% to 7.6% for South Korean exporters; and ranging from 10.93% to 26.98% for Taiwanese exporters (see 2504030074).
Cash Deposits Retroactive 90 Days for All Chinese Companies
Commerce continued to find that all exporters of epoxy resin 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., June. 15, 2024.
For all Indian and Taiwanese companies, suspension of liquidation and CVD cash deposit requirements took effect Sept. 13. For all South Korean companies, both take effect upon publication of these preliminary determinations in the Federal Register on April 3.
CV Suspension of Liquidation and Cash Deposit Requirements
Commerce says it will instruct CBP to suspend liquidation for all entries of subject merchandise that are entered, or withdrawn from a warehouse, for consumption on or after the dates listed below. Cash deposits of estimated CV duties will be required as follows:
China
| Company | CV Rate | Sus. Liq. |
|---|---|---|
| Jiangsu Sanmu Group Co., Ltd. | 547.76% | 06/15/24 |
| Shandong Bluestar Dongda Chemical | 547.76% | 06/15/24 |
| All Others | 547.76% | 06/15/24 |
India
| Company | CV Rate | Sus. Liq. |
|---|---|---|
| Atul Limited | 10.66% | 09/13/24 |
| Champion Advanced Materials | 103.72% | 09/13/24 |
| All Others | 10.66% | 09/13/24 |
Taiwan
| Company | CV Rate | Sus. Liq. |
|---|---|---|
| Chang Chun Plastics Co. Ltd.; Chang Chun Petrochemical Co., Ltd.; Dairen Chemical Corporation; Jinzhou Technology Co., Ltd.; and Taiwan Prosperity Chemical Corporation. | 19.13% | 09/13/24 |
| Nan Ya Plastics Corp. | 3.38% | 09/13/24 |
| All Others | 11.35% | 09/13/24 |
South Korea
| Exporter/Producer | AD Rate | Sus. Liq. |
|---|---|---|
| Kukdo Chemical Co., Ltd. and Kukdo Finechem | 1.01% | 04/03/25 |
| Kumho P&B Chemicals, Inc. | 1.84% | 04/03/25 |
| All Others | 1.30% | 04/03/25 |
(The period of investigation is 01/01/23 - 12/31/23. See Commerce's notice for more information, including the scope (unchanged), suspension of liquidation, etc. See 2409120026 for a preliminary results of these AD and CV duty investigations.)