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MOFCOM announcement No 40 of 2014 on ruling on expiry review of anti-dumping measures against imports of aceton originated in Japan, Singapore, South Korea and Taiwan region

english.mofcom.gov.cn
Updated: Jun 9,2014 11:49 AM     

On June 8, 2008, the Ministry of Commerce released annual announcement No. 40, deciding to levy anti-dumping duties against imports of aceton originated in Japan, Singapore, South Korea and Taiwan region for a period of five years starting from June 9, 2008. Changchun Synthetic Resin Plant Co., Ltd. signed a Price Undertaking Agreement with the investigating authority. During the term thereof, the products under investigation imported from that company will be subject to no anti-dumping duties. The agreement has taken effect on June 9, 2008 with a term of five years.

On September 9, 2010, the Ministry of Commerce released annual announcement No.54, deciding to adjust the anti-dumping duty rate of imports of aceton applicable to Kumho P&B Chemicals, Inc. from 8.9% to 4.3% since September 10, 2010.

On June 7, 2013, the Ministry of Commerce released annual announcement No.35, deciding to conduct expiry review investigation into the anti-dumping measures applicable to imports of aceton originated in Japan, Singapore, South Korea and Taiwan region since June 8, 2013.

The products under the review are those subject to the original anti-dumping measures and are the same as those listed in the Announcement [2008] No.40 issued by the Ministry of Commerce. The products are listed under the tariff number: 29141100 in the Customs Import and Export Tariff of the People’s Republic of China.

The Ministry of Commerce conducted investigation into the possibility of continuation or reoccurrence of dumping and injury in case of terminating the original anti-dumping measures and submitted proposals on maintaining the original anti-dumping measures to Customs Tariff Commission of the State Council based on findings of the investigation.

In accordance with Article 50 of the Regulations of the People’s Republic of China on Anti-dumping and the decision of the Customs Tariff Commission of the State Council, relevant matters are hereby announced as follows:

I.Ruling

The Ministry of Commerce ruled that dumping in Chinese Mainland of imports of aceton originated in Japan, Singapore, South Korea and Taiwan region may continue and the injury to the industry of Chinese Mainland may reoccur if the original anti-dumping measures were terminated.

II. Anti-dumping Measures

The anti-dumping duties will be levied for a period of five years starting from June 8, 2014 according to the taxation scope and at the anti-dumping duty rate announced in the Announcement No. 40 of 2008 and the Announcement No.54 of 2010 released by the Ministry of Commerce.

During the period of this review, Changchun Synthetic Resin Plant Co., Ltd. renews the Price Undertaking Agreement. The agreement has taken effect on June 8, 2014 with a term of five years. During the term thereof, the products under investigation imported from that company will be subject to no anti-dumping duties. In case of any violation of the Price Undertaking Agreement or other circumstances under which that agreement shall be terminated, anti-dumping duties will be levied according to the dumping margin of the abovementioned company.

III. Method to Levy Anti-dumping Duties

Importers shall pay related anti-dumping duties to the Customs of the People’s Republic of China when importing aceton originated in Japan, Singapore, South Korea and Taiwan region as of June 8, 2014. The anti-dumping duty shall be collected ad valorem on the basis of dutiable value authorized by Chinese Customs. The formula is: Anti-dumping duty= dutiable value authorized by the Customs x anti-dumping duty rate. Import VAT shall be collected ad valorem on the basis of dutiable value authorized by the Customs plus tariff plus anti-dumping duty.

IV. Administrative Reconsideration and Administrative Litigation

Where any party refuses to accept the review decision, it may, in accordance with Article 53 of the Regulations of the People’s Republic of China on Anti-dumping, apply for administrative reconsideration or institute legal proceedings in the people’s court.

V. The Announcement shall come into force as of June 8, 2014.

Ministry of Commerce of the People’s Republic of China

June 6, 2014

Translated by Huang Lin

(All information published in this website is authentic in Chinese. English is provided for reference only. )

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