AD: Korea Diamond Sawblades and Parts Thereof
The International Trade Administration (ITA) has made a preliminary affirmative antidumping (AD) duty determination that diamond sawblades and parts thereof (sawblades), are being, or are likely to be, sold in the U.S. at less than fair value. The period of investigation for subject merchandise from Korea is April 1, 2004 through March 31, 2005.
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As a result, the ITA will direct U.S. Customs and Border Protection (CBP) to suspend liquidation for entries of sawblades from Korea with a time of entry on or after December 29, 2005.
The ITA will also instruct CBP to require a cash deposit or the posting of a bond at the AD rate (equal to the weighted average AD margin) listed below, for entries of sawblades from Korea with a time of entry on or after December 29, 2005, as follows:
| Liquidation Suspended | Post Bond/Cash Deposit |
|---|---|
| Company | AD Rate |
| Ehwa Diamond Industrial Co., Ltd. (Ehwa) | 11.25% |
| Hyosung Diamond Industrial Co. (Hyosung) | 6.15% |
| Shinhan Diamond Industrial Co., Ltd. (Shinhan) | 11.25% |
| Other Companies | 10.56% |
Postponement of Final AD Duty Determination
The ITA states that it is postponing its final AD duty determination for subject merchandise from Korea until no later than 135 days after December 29, 2005 and is also extending suspension of liquidation accordingly.
Preliminary Negative Critical Circumstances Finding
In addition, the ITA has preliminary determined that critical circumstances do not exist for imports of subject merchandise from Korea for Ehwa, Hyosung, Shinhan, or the other companies covered by the "all others" rate. The ITA states that it will make a final determination concerning critical circumstances for all producers and exporters of subject merchandise from Korea when it makes its final dumping determination in this AD duty investigation.
(See ITA notice for additional information, including the scope of the investigation (which is unchanged from the initiation notice), etc.
See ITT's Online Archives or 06/30/05 news, 05063035, for BP summary of the initiation of this AD duty investigation. See ITT's Online Archives or 10/17/05 news, 05101735, for BP summary of the postponement of the preliminary AD duty determination. See ITT's Online Archives or 12/30/05 news, 05123025 for BP summary of preliminary determination for sawblades from China.)
ITA Contact - Mark Manning (202) 482-5253
ITA Notice (FR Pub 12/29/05) available athttp://a257.g.akamaitech.net/7/257/2422/01jan20051800/edocket.access.gpo.gov/2005/pdf/E5-8091.pdf