GACC Announcement No. 49, 2012 on Imports from Nissan North America, Inc.

 
In accordance with China's antidumping and anti-subsidy regulations, the Customs Tariff Commission under China State Council decided to levy two-year antidumping and anti-subsidy duties from December 15, 2011 on some of automobile products from the U.S.

Recently, China's MOFCOM authority has decided to conduct a new-exporter review into the double-anti measures on Nissan North America, Inc. that is applying for separate duties as a new exporter to China (see the annex herein).

Relevant matters are hereby announced:

1. As of October 19, 2012, on the automobile products declared from Nissan North America, Inc., China Customs shall levy, in addition to import duties, import consumption tax and value-added tax (VAT), cash deposits for antidumping duties, anti-subsidy duties, import consumption tax and VAT respectively as per the antidumping duty rate (21.5%) and anti-subsidy rate (12.9%) that are applicable to “other U.S. companies” specified in GACC Announcement No. 75 of 2011.

Prior to the MOFCOM's review ruling, the antidumping and anti-subsidy duties shall be suspended for Nissan North America, Inc.

Relevant calculation formulas:

(1) Cash deposit for antidumping duty = duty-paid value × antidumping duty rate;

(2) Cash deposit for anti-subsidy duty = duty-paid value × anti-subsidy duty rate;

(3) Cash deposit for import consumption tax = (antidumping cash deposit + anti-subsidy cash deposit) ÷ (1 － import consumption tax rate) × import consumption tax rate;

(4) Cash deposit for import VAT = (antidumping cash deposit + anti-subsidy cash deposit + import consumption tax cash deposit) × import VAT rate;

(5) Cash deposit total = antidumping cash deposit + anti-subsidy cash deposit + import consumption tax cash deposit + import VAT cash deposit

2. Automobile products from other U.S. companies shall still be subject to GACC Announcements No. 75 and 76 of 2011.

3. As regards disposal of the cash deposits herein, the GACC may resort to the final ruling by the MOFCOM.

Annex: MOFCOM Announcement No. 68, 2012 


October 18, 2012