South Korea Acetone: Final Results of AD Admin Review
The Commerce Department has released the final results of the antidumping duty administrative review on acetone from South Korea (A-580-899). Commerce found the two companies under review, Kumho P&B Chemicals, Inc. and LG Chem, Ltd., did not undersell subject merchandise during the period of review, assigning both a zero percent AD rate, unchanged from the preliminary results of the review. Subject merchandise from Kumho P&B Chemicals and LG Chem entered March 1, 2021, through Feb. 28, 2022, will be liquidated without any assessment of AD duties, and future entries of subject merchandise from Kumho P&B Chemicals and LG Chem will not be subject to AD cash deposit requirements until further notice. Cash deposit rates from these final results take effect Aug. 7, the date they are set to be published in the Federal Register.
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For exporters of subject merchandise that were not under review (i.e., all except Kumho P&B Chemicals and LG Chem), cash deposit rates remain at the level set in the most recent review of each respective company. If the exporter has never been assigned its own AD rate but the manufacturer has, the rate assigned to the manufacturer applies. For merchandise manufactured and exported by companies that have never been assigned a cash deposit rate by Commerce, the all-others rate of 33.1% applies.
(The review period is 03/01/21 - 02/28/22. See Commerce's notice for more information, including the scope of the order, detailed cash deposit and assessment instructions, etc. See 2304040051 for a summary of the preliminary results of this administrative review.)