The US anti-dumping tax order for the Boshen tool is in force

Boshen Tools was informed that the anti-dumping tax order issued by the US Department of Commerce for diamond saw blades and components originating in China and South Korea came into effect. The company has hired lawyers to actively respond. From January to September of 2009, the amount of products involved in the export of the company was RMB 17,981,400, accounting for 6.75% of the operating income for the same period.
Boshen Tools (002282) announced on November 12 that on November 9, 2009, the US Court of Appeals for the Federal Circuit rejected the complaints of Chinese and Korean companies such as the company, Saint-Gobain, and South Korea’s second-party company to suspend the implementation of the import tariff bond. . At this point, the anti-dumping tax order issued by the US Department of Commerce for diamond saw blades and components originating in China and South Korea will be officially effective and will be implemented. The company has hired lawyers to actively respond.
According to the announcement, in accordance with the anti-dumping tax order issued by the US Department of Commerce on November 4, 2009, US Customs will impose a tariff deposit on the products involved in the export of the company from January 23, 2009 to the United States at a rate of 35.51%. From January to September 2009, the amount of products involved in the company's exports to the United States was RMB 17,981,400, accounting for 6.75% of the operating income for the same period.
At present, the court procedure of Saint-Gobain and South Korea’s two-way company’s appeal against the US International Trade Court’s threat of damage is still in progress. If the above-mentioned company wins the appeal, the anti-dumping case will eventually be With the anti-dumping measures closed, the customs deposits levied by the US Customs will be returned.

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