China Places Import Duties on Australian Wine
China's Ministry of Commerce is imposing import duties on Australian wines following an antidumping and countervailing duty investigation, it said in a March 26 news release, according to an unofficial translation. Beginning March 28, the antidumping duty on Australian wines…
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in containers of two liters or less will be 116.2%-218.4% for each company subject to the investigation. The agency determined the dumping margin for the wines to be 116.2%-218.4% and the subsidy margin provided by the Australian government to be 6.3%-6.4%. The new antidumping duty rate is significantly higher than the preliminary countervailing duty rate China set in December (see 2012100016). The agency decided not to impose countervailing duties for the subsidies “in order to avoid double taxation,” the release said.