[Federal Register Volume 67, Number 36 (Friday, February 22, 2002)]
[Notices]
[Pages 8229-8230]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 02-4268]


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DEPARTMENT OF COMMERCE

International Trade Administration

[C-580-835]


Stainless Steel Sheet and Strip in Coils From the Republic of 
Korea: Amended Final Results of Countervailing Duty Administrative 
Review

AGENCY: Import Administration, International Trade Administration, 
Department of Commerce.

ACTION: Amendment of Final Results of Countervailing Duty 
Administrative Review.

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SUMMARY: On January 15, 2002, the Department of Commerce (the 
Department) published in the Federal Register its final results of the 
first administrative review of the countervailing duty order on 
stainless steel sheet and strip in coils from the Republic of Korea for 
the period November 17, 1998, through December 31, 1999 (67 FR 1964). 
On January 15, 2002, we received a timely filed ministerial error 
allegation. Based on our analysis of this information, the Department 
has revised the net subsidy rate for Inchon Iron & Steel Co., Ltd. 
(Inchon).

EFFECTIVE DATE: February 22, 2002.

FOR FURTHER INFORMATION CONTACT: Tipten Troidl at 202-482-1767 or Darla 
Brown at 202-482-2849, Office of AD/CVD Enforcement VI, Group II, 
Import Administration, International Trade Administration, U.S. 
Department of Commerce, Room 4012, 14th Street and Constitution Avenue, 
NW., Washington, DC 20230.

Corrections

    On January 15, 2002, the respondent, Inchon, timely filed two 
ministerial error allegations. First, Inchon alleges that the 
Department calculated a countervailable benefit on an interest payment 
for a won-denominated variable rate loan outstanding during the POR by 
using an incorrect number of days outstanding. Inchon claims that the 
first ministerial error is the result of a keystroke error in one of 
the cells of the spreadsheet used to calculate the

[[Page 8230]]

number of days outstanding for an interest rate payment. Second, 
respondent argues that the Department made a ministerial error when it 
used won-denominated fixed-rate benchmarks to calculate benefits on 
won-denominated variable-rate loans outstanding during the POR. The 
petitioner has not commented on these ministerial error allegations.
    We find that both alleged errors fulfill the criteria for being a 
ministerial error. We agree with Inchon that the Department 
inadvertently miscalculated the benefit attributed to an interest 
payment for a won-denominated variable rate loan outstanding during the 
POR. We have addressed this error for the amended final results by 
correcting the number of days outstanding used in the benefit 
calculation. We find that it does fulfill the criteria for being a 
ministerial error. Therefore, we made the appropriate corrections to 
the loan calculations. See February 14, 2002 ``Memorandum to Bernard 
Carreau, Deputy Assistant Secretary for AD/CVD Enforcement II from 
Melissa G. Skinner, Director, Office Director, AD/CVD Enforcement VI, 
RE: Ministerial Error Allegation filed by Respondent, Final Results of 
Countervailing Duty Administrative Review: Stainless Steel Sheet and 
Strip from the Republic of Korea.''
    As a result, the net subsidy rate for the GOK's Direction of Credit 
program should have been 0.07 percent ad valorem.

Amended Final Results of Review

    Pursuant to the Department's regulations at 19 CFR 351.224(e), 
Inchon's amended rate is 2.45 percent ad valorem.
    The Department will instruct the Customs Service (``Customs'') to 
assess countervailing duties on all appropriate entries on or after 
November 17, 1998, and on or before December 31, 1999. The Department 
will issue liquidation instructions directly to Customs. The amended 
cash deposit requirements are effective for all shipments from Inchon 
of the subject merchandise entered, or withdrawn from warehouse, for 
consumption on or after the date of publication of this notice and 
shall remain in effect until publication of the final results of the 
next administrative review.
    This amendment to the final results of the countervailing duty 
administrative review is in accordance with section 751(a)(1) of the 
Tariff Act, as amended, (19 U.S.C. 1675(a)(1), 19 CFR 351.213, and 19 
CFR 351.221(b)(5)).

    Dated: February 15, 2002.
Faryar Shirzad,
Assistant Secretary for, Import Administration.
[FR Doc. 02-4268 Filed 2-21-02; 8:45 am]
BILLING CODE 3510-DS-P