South Korea Car and Truck Tires: Final Results of AD Admin Review
The Commerce Department has published 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 July 1, 2022, through June 30, 2023.
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Commerce said that its review of the record and comments received from interested parties after the preliminary results were published resulted in slight changes to the margin calculations for Hankook and Nexen for the final results. That affected the review average rate for the non-individually examined company.
New Cash Deposit Rates Take Effect May 9
For entries on or after May 9, 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.) | 4.64% |
| Nexen Tire Corporation | 4.09% |
| Kumho Tire Co., Inc. | 4.37% |
Assessment Rates for Entries July 2022 - June 2023
Commerce is using the rates it calculated in these final results to set assessments of AD on importers of subject merchandise for entries July 1, 2022, through June 30, 2023. 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 07/01/22 - 06/30/23. See Commerce's notice for more information, including the scope of the order, detailed cash deposit and assessment instructions, etc. See 2408090017 for a summary of the preliminary results of this administrative review.)