China To Levy 187.6% Of Anti-Dumping Premium On US-Origin Grain Sorghum

The Ministry of Finance (MoF) in China recently issued Circular No. 38, announcing to collect anti-dumping duties on the import of grain sorghum with US origin. This Circular follows up of the dumping investigation opened this February, with a preliminary decision provided in the attachment.

The Preliminary Decision

The investigating task force finds that the dumping situation of US-Origin grain sorghum does exist, and Chinese grains sorghum industry does suffer from losses. The US-origin sorghum import volume increased from 317 thousand tons in 2013 to 4.758 million tons in 2017, with the import price declining by 31% during the period. In particular, there is a casual relationship between the dumping and such losses.

Anti-Dumping Premium

Based on the findings of a pre-stage investigation, the MoF decides to collect anti-dumping premium of 187.6% to grain sorghum imported from the US. When the investigation ends, this Premium will be paid back to importers in case the dumping situation is justified, or the authority is going to keep the Premium as an anti-dumping duty. China is the biggest export destination of US grain sorghum, which imported sorghum of 957 million dollars during 2017.

Source: Chinese Ministry of Finance – CN (in Chinese)

Greater China Practice - 大中华区

TPA Global, one of the leading independent global transfer pricing services groups, introduces Greater China Practice | 大中华区 to satisfy the burgeoning demand for specialist transfer pricing services by Chinese multinationals with operations in Europe - as well as European multinationals with operations in China.

Copyright © 2018
Transfer Pricing Associates BV.
All rights reserved.
 

H.J.E. Wenckebachweg 210
1096 AS Amsterdam
T: +31 20 462 3530
E: info@tpa-global.com
I: www.tpa-global.com