EU Imposes Anti-dumping duties on imported Malaysian Fasteners
Views :9292 Recommendation: Votes:1 Discuss:0

EU published the European Council Regulation 723/2011 on 26th July 2011 in the EU Official Journal, which confirms the application of 85% anti-dumping duties on imports of certain steel fasteners from Malaysia, including on imports registered by member state customs authorities since the initiation of the investigation in October 2010.

Although eight Malaysian exporters have been granted exemption from the duties, importers should make sure that documentation on imports from these eight exporters conforms to the European Council Regulation, which comes into force on 27th July 2011.

The Regulation applies 85% anti-dumping duties on imports of the steel fastener range defined in the original investigation against China.

The products concerned include: Certain iron or steel fasteners, other than of stainless steel, i.e. wood screws (excluding coach screws), self-tapping screws, other screws and bolts with heads (whether or not with their nuts or washers, but excluding screws turned from bars, rods, profiles or wire, of solid section, of a shank thickness not exceeding 6 mm and excluding screws and bolts for fixing railway track construction material), and washers, consigned from Malaysia whether declared as originating in Malaysia or not, currently falling within CN codes ex 7318 12 90, ex 7318 14 91, ex 7318 14 99, ex 7318 15 59, ex 7318 15 69, ex 7318 15 81, ex 7318 15 89, ex 7318 15 90, ex 7318 21 00 and ex 7318 22 00 (TARIC codes 7318 12 90 11, 7318 12 90 91, 7318 14 91 11, 7318 14 91 91, 7318 14 99 11, 7318 14 99 91, 7318 15 59 11, 7318 15 59 61, 7318 15 59 81, 7318 15 69 11, 7318 15 69 61, 7318 15 69 81, 7318 15 81 11, 7318 15 81 61, 7318 15 81 81, 7318 15 89 11, 7318 15 89 61, 7318 15 89 81, 7318 15 90 21, 7318 15 90 71, 7318 15 90 91, 7318 21 00 31, 7318 21 00 95, 7318 22 00 31 and 7318 22 00 954),
with the exception of those produced by the companies listed below:

Acku Metal Industries (M) Sdn. Bhd
Chin Well Fasteners Company Sdn. Bhd
Jinfast Industries Sdn. Bhd
Power Steel and Electroplating Sdn. Bhd
Sofasco Industries (M) Sdn. Bhd
Tigges Fastener Technology (M) Sdn. Bhd
TI Metal Forgings Sdn. Bhd
United Bolt and Nut Sdn. Bhd

The Regulation defines a Taric additional code for each of eight exempted exporters. Exemptions are conditional on presentation to customs authorities of a valid commercial invoice, conforming to requirements set out in the Annex of the regulation. If this is not done the full 85% duty will be applied.

The full text of the Regulation can be downloaded from the EU Official Journal, Page L194 26.07.11

www.chinaFastener.info

2011-07-29

Recent Releted News

Vote for this news?
Discuss
More Discuss...
Your Name:
Enter the code shown: