[Provisional Translation]
August 10, 2021
Ministry of Finance
Decision to Extend the Taxable Period of Anti-Dumping Duties on Potassium
Hydroxide Originating in the Republic of Korea and the People’s Republic of China
Today, the Cabinet has enacted a Cabinet Order to extend the taxable period of anti-dumping duties on potassium hydroxide originating in the Republic of Korea and the People’s Republic of China *1.
The objective of enacting this Cabinet Order is to extend the current taxable period, from August 9, 2016 to August 8, 2021*2, of anti-dumping duties on potassium hydroxide originating in the Republic of Korea and the People’s Republic of China, based on the fact that the authority determined, in the review carried out upon the receipt of the application requesting the extension of the current taxable period of anti-dumping duties, that the expiry of the duty would be likely to lead to continuation or reoccurrence of dumping and injury to the domestic industry.
The Cabinet Order will be made in public on August 13, 2021 to extend the taxable period until August 12, 2026.
*1: Excluding the regions of Hong Kong, China and Macao, China.
*2: Based on the paragraph 29 of Article 8 of the Customs Tariff Law, the current anti-dumping duties will keep being imposed by the date (August 13, 2021) of finalization of the review which was initiated on August 31, 2020.
Background
- The Government of Japan has initiated imposing the anti-dumping duties on potassium hydroxide originating in the Republic of Korea (49.5%) and the People’s Republic of China (73.7%) respectively, where the taxable period is from August 9, 2016 to August 8, 2021.
- The Government of Japan initiated the review in August 2020, upon the receipt of the application requesting the extension of the current taxable period of the anti-dumping duties on potassium hydroxide originating in the Republic of Korea and the People’s Republic of China in July 2020.
- On August 2, 2021, the Special Duty Group of the Customs Tariff Subcouncil of the Council on Customs, Tariff, Foreign Exchange and Other Transactions reported that it was appropriate to extend the taxable period of anti-dumping duties on potassium hydroxide originating in the Republic of Korea and the People’s Republic of China for five years, based on the review carried out by the Government of Japan.
Reference