We have previously advised on investigations into alleged
dumping and subsidies on exports of certain galvanised and
aluminium zinc coated steel initiated at the application of
BlueScope Steel Limited.
By way of notice in The Australian newspaper, the
Australian Customs and Border Protection service
("Customs") has advised of the
imposition of securities on such steel products. Securities do not
require the payment of additional duty but represent the promise
from importers to pay such additional duties if it is finally
determined that such duty is properly payable on imports. They are
imposed if Customs believe that the imports represent an immediate
threat to the Australian industry while the investigation
The securities are on account of alleged dumping of those
products. The levels differ as set out in the notice depending on
the identity of the exporter. These range from a finding of no
dumping for some exporters to significant levels on galvanised
steel from the People's Republic of China, Korea and Taiwan.
The highest level applies to exports of galvanised steel from the
PRC at 55.3% for selected "non-cooperating exporters".
There is a long history of non-cooperating exporters receiving high
margins as Customs can resort to its own calculations of export
price and normal value rather than using the exporter's
figures. As a result it continues to be mystifying while any
exporters (including large-scale exporters) do not engage and
co-operate during an investigation.
Details of the decision are to be found in the associated
Preliminary Affirmative Determination number 190.
We await a decision as to whether securities are to be imposed
on these products on account of alleged subsidies.
As always, we will be pleased to assist but readers should be
aware that the securities will apply immediately to imports.
The content of this article is intended to provide a general
guide to the subject matter. Specialist advice should be sought
about your specific circumstances.
To print this article, all you need is to be registered on Mondaq.com.
Click to Login as an existing user or Register so you can print this article.
The TPP could have a significant positive impact on the investment and financial services of Australia and Singapore.
Some comments from our readers… “The articles are extremely timely and highly applicable” “I often find critical information not available elsewhere” “As in-house counsel, Mondaq’s service is of great value”
Register for Access and our Free Biweekly Alert for
This service is completely free. Access 250,000 archived articles from 100+ countries and get a personalised email twice a week covering developments (and yes, our lawyers like to think you’ve read our Disclaimer).