MOFCOM Announcement No.40, 2014: AD Ruling on Acetone from Japan, Singapore, South Korea and Taiwan
[2014-06-09 17:22:26]
On June 8, 2008, the MOFCOM issued its annual announcement no.40 to levy antidumping duty on acetone from Japan, Singapore, South Korea and Taiwan for 5 years from June 9, 2008; Changchun Artificial Resin Factory Co., Ltd. made a price undertaking agreement with the MOFCOM, which exempted the company from the antidumping duty under certain conditions for the five years.
On September 9, 2010, the MOFCOM issued its annual announcement no.54 stating the antidumping duty adjustment from 8.9% to 4.3% for South Korea KUMHO P&B Chemical Co., Ltd.
On June 7, 2013, the MOFCOM issued its annual announcement no.35 to take an expiry review for the antidumping duties on the acetone from Japan, Singapore, South Korea and Taiwan.
The reviewed products are consistent with MOFCOM Announcement No.40 of 2008 under Chinese HS code 29141100.
Relevant Matters on the review results:
1. Ruling
The MOFCOM rules that revoking the original antidumping order will likely cause continuation of the acetone dumping from Japan, Singapore, South Korea and Taiwan and recurrence of the injury to the mainland acetone industry.
2. Antidumping Measure
As from June 8, 2014, the antidumping duties shall be continued for five years in accordance with the scope and rates set by MOFCOM Announcements No.40 of 2008 and No.54 of 2010.
During the review investigation, Changchun Artificial Resin Factory Co., Ltd. signed a price undertaking agreement anew, valid for five years from June 8, 2014, during which the company may be exempted from the antidumping duties; in the case of violation or termination of the price undertaking, the antidumping duties shall apply as per the company’s dumping margin.
3. AD Levy Method
From June 8, 2014, the acetone importers involved shall pay antidumping duties to China Customs in the formula of Antidumping Duty Amount=Duty-paid value ×Antidumping duty rate; the import VAT shall also be calculated with duty-paid value plus import duty and antidumping duty.
4. Administrative Review & Litigation
The interested parties objecting to the rulings herein may apply in writing to the MOFCOM for conducting an administrative review or lodge litigation with Chinese court of law.
5. This Announcement shall enter into force on June 8, 2014.
Annex: MOFCOM Ruling for Antidumping Expiry Review on Acetone from Japan, Singapore, South Korea & Taiwan (omitted)
The Ministry of Commerce of China (MOFCOM)
June 6, 2014
On September 9, 2010, the MOFCOM issued its annual announcement no.54 stating the antidumping duty adjustment from 8.9% to 4.3% for South Korea KUMHO P&B Chemical Co., Ltd.
On June 7, 2013, the MOFCOM issued its annual announcement no.35 to take an expiry review for the antidumping duties on the acetone from Japan, Singapore, South Korea and Taiwan.
The reviewed products are consistent with MOFCOM Announcement No.40 of 2008 under Chinese HS code 29141100.
Relevant Matters on the review results:
1. Ruling
The MOFCOM rules that revoking the original antidumping order will likely cause continuation of the acetone dumping from Japan, Singapore, South Korea and Taiwan and recurrence of the injury to the mainland acetone industry.
2. Antidumping Measure
As from June 8, 2014, the antidumping duties shall be continued for five years in accordance with the scope and rates set by MOFCOM Announcements No.40 of 2008 and No.54 of 2010.
During the review investigation, Changchun Artificial Resin Factory Co., Ltd. signed a price undertaking agreement anew, valid for five years from June 8, 2014, during which the company may be exempted from the antidumping duties; in the case of violation or termination of the price undertaking, the antidumping duties shall apply as per the company’s dumping margin.
3. AD Levy Method
From June 8, 2014, the acetone importers involved shall pay antidumping duties to China Customs in the formula of Antidumping Duty Amount=Duty-paid value ×Antidumping duty rate; the import VAT shall also be calculated with duty-paid value plus import duty and antidumping duty.
4. Administrative Review & Litigation
The interested parties objecting to the rulings herein may apply in writing to the MOFCOM for conducting an administrative review or lodge litigation with Chinese court of law.
5. This Announcement shall enter into force on June 8, 2014.
Annex: MOFCOM Ruling for Antidumping Expiry Review on Acetone from Japan, Singapore, South Korea & Taiwan (omitted)
The Ministry of Commerce of China (MOFCOM)
June 6, 2014
Source: ETCN
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