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[C-580-051]

Bicycle Tires and Tubes From Korea; Final Results of Administrative Review of Countervailing Duty Order

Friday, November 4, 1983

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ACTION: Notice of final results of administrative review of countervailing duty order.

SUMMARY: On September 29, 1983, the Department of Commerce published the preliminary results of its administrative review of the countervailing duty order on bicycle tires and tubes from Korea manufactured by Korea Inoue Kasei Co., Ltd. (KIK). The review covers the period January 1, 1981 through December 31, 1981.

We gave interested parties an opportunity to comment on the preliminary results. We received no comments. Based on our analysis, the final results of the review are the same as the preliminary results.

EFFECTIVE DATE: November 4, 1983.

FOR FURTHER INFORMATION CONTACT: John McKean or Brian Kelly, Office of Compliance, International Trade Administration, U.S. Department of Commerce, Washington, D.C. 20230; telephone (202) 377-2786.

SUPPLEMENTARY INFORMATION:

Background

On September 29, 1983, the Department of Commerce ("the Department") published in the Federal Register (48 FR 44601) the preliminary results of its administrative review of the countervailing duty order on bicycle tires and tubes from Korea (44 FR 25701, January 12, 1979). The Department has now completed that administrative review, in accordance with section 751 of the Tariff Act of 1930 ("the Tariff Act").

Scope of the Review

Imports covered by the review are shipments of pneumatic bicycle tires and tubes, of rubber or plastic, whether such tires and tubes are sold together as units or separately, manufactured by KIK. Such merchandise is currently classifiable under items 772.4800 and 772.5700 of the Tariff Schedules of the United States Annotated. The review covers the period January 1, 1981 through December 31, 1981 and seven programs: (1) The foreign capital inducement law ("FCIL"),(2) short-term preferential financing,(3) tax exemptions for land acquisition, (4) tax exemptions for imported capital equipment,(5) accelerated depreciation,(6) reserve funds for export market development, and (7) reserve funds for export losses.

Final Results of the Review

We gave interested parties an opportunity to comment on the preliminary results. We received no comments. Based on our analysis, the final results of the review are the same as the preliminary results. We determine the aggregate net subsidy to be 1.06 percent for the period January 1, 1981 through December 31, 1981.

The Department will instruct the Customs Service to assess countervailing duties of 1.06 percent of the f.o.b. invoice price on any shipments exported on or after January 1, 1981 and entered, or withdrawn from warehouse, for consumption on or before August 9, 1981.

Because the International Trade Commission (the ITC) determined that no industry in the United States would be injured by importations of this merchandise if this countervailing duty order were revoked (48 FR 24795), the Department revoked this order effective August 10, 1981, the date the ITC notified the Department that the Government of Korea had requested an injury determination. The Department will instruct the Customs Service to liquidate with no countervailing duties due all shipments entered, or withdrawn from warehouse, for consumption on or after August 10, 1981.

This administrative review and notice are in accordance with section 751(a)(1) of the Tariff Act (919 U.S.C 1675(a)(1)) and s 355.41 of the Commerce Regulations (919 CFR 355.41).

Dated: October 31, 1983.

Alan F. Holmer,

Deputy Assistant Secretary, Import Administration.