In accordance with the decision, the Customs Tariffs Committee imposed antidumping duty on imported Phenols from Japan, ROK, US and Taiwan region of China, and the General Administration of Customs issued Announcement No. 3, 2004 therefor. In December, 2005, the Ministry of Commerce decided to investigate the antidumping duty measure imposed on imported Phenols from LG Petrochemical Co. Ltd of POK, and the General Administration of Customs issued Announcement No. 60, 2005 therefor, which stipulated that the Customs shall levy antidumping deposit on the imported Phenols from LG Petrochemical Co. Ltd of POK which applied for import. In accordance with the investigation result of new exporter review, the Customs Tariffs Committee of the State Council decided to adjust the anti-dumping duty rate of imported Phenol from LG Petrochemical Co., Ltd. Under Announcement No. 64, 2006 of the Ministry of Commerce, the relevant matters in respect of the implementation of the Customs are hereby notified as follows:

1.

As from September 5, 2006, while applying for importing Phenol from LG Petrochemical Co., Ltd., the anti-dumping deposit money shall not be imposed in accordance with regulations of Announcement No. 60, 2005 of the General Administration of Customs.

2.

As from September 5, 2006, while applying for importing Phenol from LG Petrochemical Co., Ltd., the anti-dumping duty rate shall be adjusted from 16% to 0%. The exceeding part of the already paid anti-dumping deposit money could be returned by the local Customs in 6 month as from September 5, 2006.

3.

The anti-dumping duties on imported Phenol from Japan, ROK, the U.S. and Taiwan region of China shall still follow Announcement No. 3, 2004 of the General Administration of Customs.

Appendix: Announcement No. 64, 2006 of Ministry of Commerce of PRC

General Administration of Customs of PRC

September 1, 2006

Published: 22 Jun 2010 21:47:27 PST

Source: news.alibaba.com