Mainland lowers anti-dumping tax rate on phenol from Taiwan company

21:58, December 01, 2009      

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Chinese mainland set an anti-dumping tax rate at 3.8 percent on phenol produced by Taiwan's Chang Chun Plastics Co., Ltd., the Ministry of Commerce announced Tuesday.

The ministry decided to impose anti-dumping tax on phenol from Japan, the Republic of Korea, the United States, and Taiwan in 2004. The tax rate was 19 percent.

The company did not export phenol to the mainland during the investigation on which the 2004 anti-dumping ruling was based. The company should be treated as a new exporter to the mainland, the ministry said.

The new anti-dumping rate for the Chang Chun Plastics will be effective on Dec. 2, 2009.

Source: Xinhua
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