South Korea Washing Machines: Prelim Results of CV Admin Review
The Commerce Department issued the preliminary results of its countervailing duty administrative review on large residential washers from South Korea (C-580-869) (here). The agency preliminarily calculated new CV duty rates for the Samsung and Daewoo.
Sign up for a free preview to unlock the rest of this article
Export Compliance Daily combines U.S. export control news, foreign border import regulation and policy developments into a single daily information service that reliably informs its trade professional readers about important current issues affecting their operations.
Rates Only Preliminary; Cash Deposit Rates From Previous Proceedings Still in Effect
These CV rates are only preliminary, and do not change current CV duty cash deposit requirements. Any changes to cash deposit rates will take effect once Commerce publishes the final results of this review, which are currently due in July.
Preliminary Cash Deposit Rates
Commerce preliminarily calculated rates for the following companies:
| Exporter | CV Rate |
|---|---|
| Samsung Electronics Co., Ltd. | 34.77% |
| Daewoo Electronics Corporation | 81.91% |
Assessment Rates
When Commerce issues its final results, it will use them to set assessments of CV duties on importers of subject merchandise entered between June 5, 2012 and Dec. 31, 2013.
(The period of review is 06/05/12 --12/31/13. See notice for additional information, including the scope of the order, potential cash deposit and assessment instructions, etc.)
AD/CVD Operations contact -- Justin Neuman (202) 482-0486
(Federal Register 03/11/15)