Korea Large Residential Washers: Prelim CV Rates Announced

The International Trade Administration issued a fact sheet on May 30, 2012 announcing its affirmative preliminary determination in the countervailing duty investigation of Large Residential Washers from Korea (C-580-869). According to the ITA’s fact sheet, mandatory respondents Daewoo Electronics Corporation, LG Electronics Inc., and Samsung Electronics Co., Ltd. received preliminary CV rates of 70.58%, 0.22% (de minimis) and 1.20%, respectively, and all other Korean producers/exporters received a preliminary CV rate of 1.20%. As a result of the preliminary determination, the ITA will instruct U.S. Customs and Border Protection to collect a cash deposit based on these preliminary rates, except for LG, which was assigned a de minimis rate. Pursuant to the ITA's October 2011 final rule, no bond will be accepted in lieu of a cash deposit.