FINAL RESULTS OF REDETERMINATION
In accordance with the U.S. Court of International Trade's order in The Torrington Co. v. United States, Consol. Court No. 95-03-00353, Slip Op. 97-81 (June 23, 1997), the Department of Commerce (the Department) has prepared these final results of redetermination on remand with respect to Antifriction Bearings (Other Than Tapered Roller Bearings) and Parts Thereof From France, et al.; Final Results of Antidumping Duty Administrative Reviews, and Revocation in Part of Antidumping Duty Orders, 60 Fed. Reg. 10900 (February 28, 1995). The Court directed the Department to recalculate constructed value and cost of production for NMB Thai Ltd., Pelmec Thai Ltd., NMB Hi-Tech Bearings Ltd., and NMB Corporation (collectively NMB) after allocating research and development costs of Minebea Co., Ltd., over total consolidated cost of sales. It also directed the Department to correct a clerical error which resulted in double-counting packing expenses in the calculation of foreign market value (FMV). NMB Thai Ltd., Pelmec Thai Ltd., and NMB Hi-Tech Bearings Ltd. are wholly owned subsidiaries of Minebea Co., Ltd., which is a Japanese public corporation. NMB Corporation is wholly owned by a holding company, NMB (USA) Inc., which in turn is a wholly owned subsidiary of Minebea Co., Ltd.
On August 6, 1997, we released our draft results of redetermination and gave interested
parties the opportunity to comment. Based on the comment received, we corrected a clerical
error in the margin calculations. The weighted-average margin is 0.01 percent, the same as the
calculated margin in the final results of review.
II. COURT INSTRUCTIONS
We have followed the instructions of the Court by recalculating NMB's constructed value and cost of production after allocating research and development costs of Minebea Co., Ltd.,
over total consolidated cost of sales. In doing so, we divided the research and development costs
reported in the 1992 financial statements for Minebea Co., Ltd., by the reported total cost of sales
of all merchandise sold. We used this lower calculated research and development percentage in
our calculations of constructed value and cost of production. We have also followed the Court's
order by correcting the packing expense clerical error so that FMV is properly calculated. In the
final results margin calculations, when the Department calculated FMV using constructed value
(CV), it added an amount for packing expenses. However, an amount for packing expenses was
already included in the build-up of CV. Therefore, we corrected this error by subtracting the
packing expense amounts that were included in CV in our calculations of FMV for purchase
price sales and exporter's sales price sales.
III. COMMENT RECEIVED
Petitioner identified a clerical error the Department made which resulted in missing
values in the margin calculations for NMB. We have corrected this error.
IV. FINAL RESULTS OF REDETERMINATION
As a result of this redetermination, NMB's margin for the period May 1, 1992 through April 30, 1993, is 0.01 percent. This is the same rate we calculated in the final results of review.
Robert S. LaRussa
for Import Administration