Ministry of Commerce issued an announcement on August 12, 2004 to start an anti-dumping investigation on the imported Benzofuranol (7-Hydroxy or Furan phenol) originating from Japan, EU and US (hereinafter referred to as the investigated products).
In accordance with Article 24 of Anti-dumping Regulations of People’s Republic of China, Ministry of Commerce made the original arbitration that dumping of the investigated products had taken place, which had caused substantive injury to China’s industry and there was a casual relationship between the dumping and the injury.
The Benzofuranol (7-Hydroxy or Furan phenol) are listed under No. 29329910 in Import and Export Tariffs of General Administration of Customs of PRC.
In accordance with Article 28 and 29 of Anti-dumping Regulations of People’s Republic of China, Ministry of Commerce decided to take anti-dumping measures by deposit in security as of June 16, 2005.
Deposit in security rates are as follows:
1, FMC 74.6％
2, all others 113.2％
Japanese Companies: 113.2％
EU Companies: 113.2％
The relevant interested parities could apply written comments, with related evidence, to Ministry of Commerce for consideration within 20 days as of the date this announcement is issued.
Ministry of Commerce
June 16, 2005