Sunset revocation of antidumping duty order on certain corrosion resistant carbon steel products from the Republic of Korea (A-580-816).

1. As a result of a five-year (“sunset”) review, Commerce has revoked the antidumping duty order on corrosion resistant carbon steel products from the Republic of Korea (A-580-816). The revocation was published in the Federal Register on 03/19/2013 (78 FR 16832). The effective date of the revocation is 02/14/2012. 2. CBP is directed to terminate the suspension of liquidation for all shipments of corrosion resistant carbon steel products from the Republic of Korea which were entered, or withdrawn from warehouse, for consumption on or after 02/14/2012. All entries of corrosion resistant carbon steel products from the Republic of Korea that were suspended on or after 02/14/20012 should be liquidated without regard to antidumping duties (i.e., release all bonds and refund all cash deposits with interest). 3. Liquidation instructions covering certain entries of corrosion resistant carbon steel products from the Republic of Korea during the period 08/01/2011 through 07/31/2012 were issued under message number 2285311, dated 10/11/2012. However, as noted in paragraph 1 above, this order has been revoked, effective 02/14/2012. Accordingly, all unliquidated entries of corrosion resistant carbon steel products from the Republic of Korea entered, or withdrawn from warehouse, for consumption on or after 02/14/2012 should be liquidated without regard to antidumping duties. 4. Do not liquidate entries of the subject merchandise entered, or withdrawn from warehouse, for consumption prior to 02/14/2012 until separate and specific liquidation instructions are issued. 5. Notice of the lifting of suspension of liquidation of entries of corrosion resistant carbon steel products from the Republic of Korea covered by paragraph 2 and which were entered, or withdrawn from warehouse, for consumption on or after 02/14/2012 occurred with the publication of the notice of revocation in the Federal Register (78 FR 16832, 03/19/2013). 6. The assessment of antidumping duties by CBP on shipments or entries of this merchandise is subject to the provisions of section 778 of the Tariff Act of 1930, as amended. Section 778 requires that CBP pay interest on overpayments or assess interest on underpayments of the required amounts deposited as estimated antidumping duties. The interest provisions are not applicable to cash or bonds posted as estimated antidumping duties before the date of publication of the antidumping duty order. Interest shall be calculated from the date payment of estimated antidumping duties is required through the date of liquidation. The rate at which such interest is payable is the rate in effect under section 6621 of the Internal Revenue Code of 1954 for such period. 7. If there are any questions by the importing public regarding this message, please contact the Call Center for the Office of AD/CVD Operations, Import Administration, International Trade Administration, U.S. Department of Commerce at (202) 482-0984. CBP ports should submit their inquiries through authorized CBP channels only. (This message was generated by O8:MGS.) 8. There are no restrictions on the release of this information. Michael B. Walsh