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Recently, the US Department of Commerce published the preliminary results of antidumping plywood in China, "double reverse" case, the two mandatory respondent companies as a zero tax rate, not responding to corporate tax rate is 63.96 percent punitive average other 101 companies the tax rate is 22.14%. Lawyers said the case has now published the preliminary results of anti-dumping and countervailing duty, the mandatory respondent companies tax rate Zero,bend-a-board retailers this is all currently phenomenon involving "double reverse" investigation unprecedented in China, which will achieve the desired final result of the case lay a good foundation; but the higher tax rates and average tax penalty that will keep most of the export business hit. "China Green Times" reporter has learned that the anti-dumping investigation of two mandatory respondent companies for St. Linyi and Pizhou Fuyuan Wood Co. Jiang Yang Group, was convicted of tax levied were 0.62% and 1.83%.
In accordance with the relevant US law, the tax rate is less than 2% of the visual zero tax rate. The two companies are also in the anti-dumping investigation against only two "punishment" of the enterprise. The case's attorney, Beijing law firm Djarum Road and Zhang told reporters, according to the US with past practice, the settlement of anti-dumping duty should be subject to mandatory investigation of the corporate tax rate by dividing the number of enterprises,heat forming kit that is, (0.62% + 1.83% ) / 2, the result is less than 2%, it should be regarded as a zero tax rate. But the US side is calculated (0.62% + 1.83% + 63.96%) / 3 = 22.14%, of which 63.96 percent is punitive tax rate. Similar with the previous countervailing duty, calculated anti-dumping duty was generally questioned the industry. Lawyers said that this algorithm is too simple and arbitrary, unfair to our plywood business, contrary to WTO regulations.
It is understood that in 2012, China exported 10.03 million cubic meters of plywood, exports amounted to 4.7 billion US dollars, of which exports to the US 1.64 million cubic meters,decorative wall fence in Taranto involving more than 300 plywood manufacturer. Secretary-General of China National Forest Products Industry Association, Shi Feng said that if the implementation of the current release of anti-dumping, countervailing preliminary tax rate, and that a large number of Chinese exports to the US companies will be unprofitable.
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