Refund of countervailing duty cash deposit for certain cold-rolled steel flat products from Korea pursuant to the amended final determination - 09/20/2018 through 02/26/2019 (C-580-882).

1. On 09/24/2018 (83 FR 48277), Commerce published in the Federal Register its amended final determination in the countervailing duty investigation of certain cold-rolled steel flat products from the Republic of Korea. See message 9057306, dated 02/26/2019. 2. Title 19 U.S.C. 1520(a)(4) authorizes refunds prior to liquidation whenever an importer of record declares or it is ascertained that excess duties, fees, charges, or exactions have been deposited or paid. In accordance with 19 U.S.C. 1520(a)(4), CBP is authorized to grant a refund, if requested by the importer, of cash deposits for entries of certain cold-rolled steel flat products from the Republic of Korea produced and/or exported by POSCO which were entered, or withdrawn from warehouse, for consumption during the period 09/20/2018, the effective date of the Court Decision Not in Harmony With Amended Final Determination of the Countervailing Duty Investigation (the Second Amended Final Determination) through 02/26/2019 (the date of issuance of the revised cash deposit instructions). See message 9057306, dated 02/26/2019. 3. The refund amount will be calculated by determining the difference between the amount of cash deposits paid as a result of the application of the first amended final determination and the amount due as a result of the second amended final determination. 4. Listed below is the deposit rate assigned to a certain firm in the amended final determination. See message 6265307, dated 09/21/2016. In addition, listed below is the amended cash deposit rate assigned in the second amended final determination (see message 9057306, dated 02/26/2019). Producer and/or Exporter: POSCO Case Number: C-580-882-002 First Amended Final determination rate: 59.72% Second Amended Final determination rate: 42.61% 5. Do not liquidate entries of certain cold-rolled steel flat products until specific liquidation instructions are issued. 6. The assessment of countervailing 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 countervailing duties. The interest provisions are not applicable to cash or bonds posted as estimated countervailing duties before the date of publication of the countervailing duty order. Interest shall be calculated from the date payment of estimated countervailing 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, Enforcement and Compliance, 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 OVI:JCM.) 8. There are no restrictions on release of this information. Alexander Amdur