Announcement of the General Administration of Customs of P. R. China, No. 51, 2010

In accordance with the provisions in the Regulations of the People's Republic of China on Anti-Dumping, the Customs Tariff Commission under the State Council of China decided to impose anti-dumping duties on the imported purified terephthalic acid originating in R. O. Korea and Thailand as of August 12, 2010, keeping valid for 5 years. Relevant matters are hereby announced as follows:

I As of August 12, 2010, apart from import tariffs specified in standing provisions, anti-dumping duties and import value-added taxes (VAT) shall apply to the imported purified terephthalic acid originating in R. O. Korea and Thailand (HS Codes: 29173611) by identifying various suppliers, in accordance with the applicable duty rates in Annex 2 to the Announcement and the following calculation formula:

Anti-Dumping Duty Payable = Duty-Paid Value × Anti-Dumping Duty Rate
Import VAT Payable = (Duty-Paid Value + Tariff Payable + Anti-Dumping Duty Payable) × Import VAT Rate

Refer to Annex 1 for the specific descriptions of the products subject to the anti-dumping duties.

II Each importer declaring the importation of purified terephthalic acid shall submit Certificate of Origin to China Customs authorities. Where the country of origin is R. O. Korea or Thailand, the original manufacturer invoices shall be provided at the same time. Where the Certificate of Origin can not be provided during the import declaration, and the origin can not be confirmed as R. O. Korea and Thailand upon inspection, China Customs authorities shall impose anti-dumping duties in accordance with the highest anti-dumping rates listed in Annex 2 to the Announcement;

As for goods originating in R. O. Korea and Thailand with no original manufacturer invoices provided, nor other legal and valid documents to confirm the original manufacturers, China Customs authorities shall impose anti-dumping duties on them in accordance with the applicable anti-dumping rates for other enterprises in the corresponding countries or regions listed in Annex 2 to the Announcement.

III The issues concerning the anti-dumping duties of the bonded purified terephthalic acid originating in R. O. Korea and Thailand through processing trade shall be tackled in accordance with the stipulations of the Decree of the General Administration of Customs of China, No. 111 and the Announcement of the General Administration of Customs of China, No. 9, 2001.

IV After the implementation of the provisional anti-dumping measures (see the Announcement of the General Administration of Customs of China, No. 9, 2001), the paid-in anti-dumping security-deposits for the imported purified terephthalic acid from R. O. Korea and Thailand shall be collected and converted to anti-dumping duties in accordance with the commodity scope subject to anti-dumping duties and the applicable duty rates stipulated in the Announcement. And the paid-in import VAT security-deposits shall be converted to import VAT as well.

Where the paid-in security-deposits exceed the amount as stipulated by the Announcement, the importers may apply to China Customs authorities at the place of collection for a refund of the extra part within 6 months from August 12, 2010; and there will be no collection for the shortage part.

V As for the paid-in anti-dumping security-deposits and import VAT security-deposits for the imported other terephthalic acid (HS Code: 29173619) originating in R. O. Korea and Thailand after the implementation of the provisional anti-dumping measures, importers may, in accordance with the Announcement, transact full refund formalities at China Customs authorities at the place of collection within 6 months from August 12, 2010.

Annex: Table of Anti-Dumping Duty Rates on Purified Terephthalic Acid.doc

August 11, 2010