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China's largest enterprises bbca biochemical citrate 40% products are exported to the European Union, will be a 42.2% anti-dumping duties
Comprehensive report 】 【 "financial network" after a year of investigation, the commission decided to provisional anti-dumping duties on Chinese citric acid enterprises, which will directly affect China's largest citric acid production enterprises in anhui bbca biochemical co., LTD. (shenzhen stock exchange code: 000930, hereinafter referred to as bbca biochemical), the company 40% of products exported to the eu.
Provisional anti-dumping duty rate is 38.8% to 49.3% (the original production of citric acid and its salts on China import tariff rate is 6.5%), including of bbca biochemical rate is 42.2%. Since June 3, 2008, tax deadline for six months.
In December 2008, the commission will citric acid to China anti-dumping investigation to make a final decision.
On September 4, 2007, the European commission and citric acid for European exporters in China to carry out the antidumping investigation, during the investigation for July 1, 2006 to June 30, 2007, at the time of bbca biochemical is one of China's main exports to Europe citric acid business. During the investigation, bbca biochemical has vigorously for antidumping cases.
China is the world's largest producer of citric acid, and the total production capacity of 500000 tons. Bbca biochemical is China's largest citric acid production enterprises, citric acid production capacity of 220000 tons/year, the first in Asia. Exports most of its products abroad, the United States, Europe is a major exporter.
Bbca biochemical, according to the European Union to impose temporary anti-dumping duties to the company, will citric acid and its salts on the company product exports to the eu bring uncertainty.
According to the China customs information, in recent years Chinese citric acid has become a major disaster area of overseas anti-dumping, the United States, Thailand, Ukraine, India, South Africa and other countries successively anti-dumping investigation for China's citric acid, countervailing duties against Chinese companies have mostly been after.
On September 16, 2014, India to import sodium citrate safeguards established: sodium citrate in survey period India imports increased significantly, serious damage to a domestic industry, and a causal relationship between the above two, it is recommended that a three-year guarantee on imports of sodium citrate measures tax, 55% for the first year, second year was 50%, the third year of 40%. The measure does not include the other developing countries outside China. Product customs code is 29181520.
In March 2014, India for safeguards investigation against imports of sodium citrate.
About citric acid of anti-dumping to China, our solution is: first we transport the goods to a third country (such as Malaysia, Thailand, etc.), the goods arrived in a third country, after we arrange clearance, in tank, a full set of documents issued by the third countries (such as certificate of origin, packing list, INV, b/l, etc.), exports to the eu, again after the goods arrived in the eu customs clearance with a full set of documents in a third country. Such high anti-dumping duties can be effectively avoided, this is what we call entrepot trade, after the consent of the domestic and foreign customers we can start operation.
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