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August 19, 2016

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Duties set on alloy imports

CHINA will levy anti-dumping duties on imports of iron-based amorphous alloy ribbon from the United States and Japan by requiring deposits for such imports, the Ministry of Commerce said.

The move came after the initial findings of an investigation launched late last year showed evidence of dumping, the ministry’s website said yesterday.

Importers will need to pay customs deposit fees ranging from 25.9 percent to 48.5 percent depending on the level of dumping.

The ministry did not say when the fees will take effect.

In November last year, when China announced its probe into the sales of ribbon from US and Japan, it said it was likely to end before November 18, but could be extended to May 18, 2017.


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