CV: Korea Coated Free Sheet Paper
The International Trade Administration has made a final affirmative countervailing duty determination that countervailable subsidies are being provided to producers and exporters of coated free sheet paper from Korea.
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(See today's issue of ITT, 07102945, for BP summary of the final affirmative CV duty determination for coated free sheet paper from China and Indonesia.)
Suspension of liquidation reinstated. The ITA is reinstating suspension of liquidation for all entries of subject merchandise other than those produced and exported by EN Paper, Hansol, and Moorim, effective October 25, 2007.
(The ITA had initially issued a preliminary affirmative CV determination, only to amend it to a preliminary negative CV determination a month later. The amended determination had instructed U.S. Customs and Border Protection to terminate CV suspension of liquidation of all entries of subject merchandise from Korea on or after April 9, 2007, the effective date of the original preliminary determination. Suspension of liquidation had not occurred for Paper, Hansol, or Moorim. (See ITT's Online Archives or 05/09/07 news, 07050935, for BP summary of the ITA's preliminary negative CV duty determination for Korea.)
Cash deposit reinstated. The ITA is also reinstating the requirement for a cash deposit or posting of a bond equal to estimated CV duties for all entries of subject merchandise other than those produced and exported by EN Paper, Hansol, and Moorim, effective October 25, 2007, at the CV duty rates listed below:
| Manufacturer/Exporter | CV Net Subsidy Rate |
|---|---|
| EN Paper Mfg. Co., Ltd. (formerly Shinho Paper Co., Ltd.) | (a) |
| Kyesung Paper Co., Ltd. and Namhan Paper Co., Ltd. (collectively, Kyesung) | 1.46% (from 1.76%) |
| Moorim Paper Co. Ltd. (formerly Shinmoorim Paper Mfg. Co., Ltd.), and Moorim SP (collectively, Moorim) | (a) |
| Hansol Paper Co., Ltd. | (a) |
| All Others | 1.46% (from 1.76%) |
(a) These companies continue to have a zero or de minimis rate, are not subject to the suspension of liquidation or cash deposit/bond requirements, and are expected to be excluded from the CV duty order (if issued).
(The ITA states that if the International Trade Commission (ITC) determines that material injury, or threat of material injury, does not exist, this proceeding will be terminated and all estimated duties deposited or securities posted as a result of the suspension of liquidation will be refunded or canceled. If however, the ITC determines that such injury does exist, the ITA will issue a CV duty order.)
(See ITA notice for additional information, including the scope of the investigation, which is unchanged from the amended preliminary determination, etc.
See ITT's Online Archives or 04/11/07 news, 07041125, for BP summary of the original preliminary affirmative CV duty determination.
See ITT's Online Archives or 10/26/07 news, 07102630, for BP summary of the final antidumping duty determinations for coated free sheet paper from China, Indonesia, and Korea.
See ITT's Online Archives or 10/15/07 news, 07101520, for BP summary of the U.S. Trade Representative's request for comments on the World Trade Organization dispute regarding U.S. AD and CV duty measures on coated free sheet paper from China.)
ITA contact - Robert Copyak (202) 482-2209
ITA CV notice (FR Pub 10/25/07) available at http://a257.g.akamaitech.net/7/257/2422/01jan20071800/edocket.access.gpo.gov/2007/pdf/E7-21036.pdf
ITA AD/CV fact sheet available at http://ia.ita.doc.gov/download/factsheets/factsheet-korea-cfs-ad-cvd-final-101707.pdf