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MOFCOM announces review on dumping and dumping margin of acrylic fiber imported from South Korea
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MOFCOM announces review on dumping and dumping margin of acrylic fiber imported from South Korea

Views:1     Author:Site Editor     Publish Time: 2018-11-12      Origin:Site

On July 17, 2016, the Ministry of Commerce of the People's Republic of China (hereinafter referred to as the "Ministry of Commerce") issued Announcement No.31, deciding to impose anti-dumping duties on imports of acrylic fiber from Japan, South Korea and Turkey for five years from July 14, 2016.

On November 7, 2017, in response to application by domestic acrylic fiber industry, the Ministry of Commerce issued AnnouncementNo.71, deciding to review the anti-dumping measures applicable to imported acrylic fiber from South Korea and the dumping margin.

The product range of this review is acrylic fiber originally imported from South Korea. The detailed description is consistent with the product description specified in the Announcement No. 31 of the Ministry of Commerce in 2016.

On the basis of the findings of investigation, the Ministry of Commerce proposed to the Tariff Policy Committee of the State Council to implement anti-dumping measures. According to Article 50 of the Anti-Dumping Regulations of the People's Republic of China and the decision of the Tariff Policy Committee of the State Council, the relevant matters are hereby announced as follows:

1. Review
The Ministry of Commerce ruled that during the period of this review, the acrylic fiber imported originally from South Korea was dumped.

2. Anti-dumping measures 
According to the relevant provisions of the "Anti-dumping Regulations of the People's Republic of China", the Tariff Policy Committee of the State Council decided that since November 7, 2018, anti-dumping duties would be imposed on acrylic fibers imported originally from South Korea at the following tax rates:

1) Taekwang Industrial Co., Ltd.: 8.6%
2) All others: 21.7 %

3. Methods of imposing anti-dumping duties
   Since November 7, 2018, import operators should pay the relevant anti-dumping duties to the Customs of the People's Republic of China when importing acrylic fibers originating in South Korea. The anti-dumping duties is levied at the customs value of the customs-examined duty-paid value. The formula is: anti-dumping duties= customs duty-paid value × anti-dumping tax rate. The import value-added tax equals to the customs-examined duty-paid value plus customs duties and anti-dumping duties.

4. Administrative reconsideration and administrative lawsuit
According to Article 53 of the "Anti-dumping Regulations of the People's Republic of China", if you are dissatisfied with the decision of this review, you are allowed to apply for administrative reconsideration by law, or you may file a lawsuit with the people's court in accordance with the law.

5.This announcement would be implemented since November 7, 2018.

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