Announcement No.64, 2006 of the Ministry of Commerce of the People’s Republic of China, Releasing the Review Determination on New Exporters of Imported Phenol Originated from LG Petrochemical Co., Ltd. of South Korea
Ministry of Commerce released announcement No. 2, 2006 on Feb 1, 2004, deciding to impose anti-dumping duty on phenol originated from Japan, South Korea, the USA and Taiwan Region. The anti-dumping duty rate on other companies of South Korea was stipulated to be 16 percent.
LG Petrochemical Co., Ltd. submitted applications to Ministry of Commerce on Oct 25, 2005 for review on new exporters. After examination, Ministry of Commerce believed that the application fundamentally conformed to conditions of case registration of review of new exporter and released Announcement No.88 on Dec 5, 2005, deciding to carry out review on anti-dumping measures applicable for imported phenol originated from LG Petrochemical Co., Ltd..
The scope of commodity of the said review is same to that of commodity of the anti-dumping investigation, namely phenol, the tariff code of which in the Import and Export Tariff of the People’s Republic of China is 29071110.
Ministry of Commerce carried out review on qualifications and dumping margin of the new exporter of LG Petrochemical Co., Ltd., and put forward suggestions on modification of anti-dumping duties to the Tariff Committee of the State Council in line with investigation results.
In accordance with Article 50 of Anti-dumping Regulations of the People’s Republic of China, Article 25 of Provisional Regulations on Review of New Exporters of Anti-dumping and decisions of the Tariff Committee of the State Council, related issues are now announced as follows:
1. After review on exporters, Ministry of Commerce confirms that the anti-dumping duties applicable for imported phenol originated from LG Petrochemical Co., Ltd. shall be zero percent. 2. The balance of the earnest money that the importer paid during the review in line with announcement of case registration and the anti-dumping duty in accordance with arbitration of this review will be handed back. 3. During the period of implementing anti-dumping measures on imported phenol originated from South Korea, LG Petrochemical Co., Ltd. shall take part in the relevant review.
This decision will take effect as from Sep 5, 2005.
Appendix: Ministry of Commerce Arbitration on Review of New Exporters of Imported Phenol Originated from LG Petrochemical Co., Ltd.
