According to the announcement made by the China’s Ministry of Commerce (MOFCOM) on 22 Mar 2013, the decision of the antidumping assessment of resorcinol imported from Japan and US (herein after as imported resorcinol) has been made and an anti-dumping measure would be imposed for a period of 5 years since the issuance of the announcement.
The anti-dumping investigation was initiated on 23 Mar 2013 (ChemLinked news release 27 Mar 2012) and a preliminary decision was made several months ago on 23 Nov 2012 (ChemLinked news release 27 Tue 2012), which imposed the imported resorcinol with an anti-dumping levy rates ranging from 30.1%-40.5%.
With reference to the article 38 of the “Regulations on Anti-dumping of the People’s Republic of China”, the Customs Tariff Commission of the State Council (CTCSC) has approved the anti-dumping measure proposed by the MOFCOM on the imported resorcinol. It is noted that the target of the anti-dumping measure is the imported resorcinol with the HS code as 29072100 under the Customs Imported and Exported Tariff of P.R. China while the resorcinol salts under this category is exempted. The molecular formula of the concerned substance is C6H602 with a chemical structure shown as follow:
The below table concludes the anti-dumping levy imposed on different Japan and US resorcinol producers.
Country/Region | Company | Rate |
Japan | Sumitomo Chemical Company，Limited | 40.5% |
Mitsui Chemicals，Inc. | 40.5% | |
All Others | 40.5% | |
The United States | INDSPEC Chemical Corporation | 30.1% |
All Others | 30.1% |
The importers of the concerned products are responsible for the anti-dumping levy which should be paid to the Custom of the PRC. The formula for calculating the anti-dumping levy will be as follow:
AD levy amount = Total value of the Good (tax inclusive) * AD levy rate
According to the final decision, there will be no retroactive application of anti-dumping duties for the importations happened before the date (23 Nov 2012) the preliminary measure was imposed.
The stakeholders may lodge paper application to the MOFCOM in requesting re-assessment, or carry out legal action to the People’s count should they have any oppositions towards the anti-dumping measure.
