Newscrew 39.6% tax for Europe clients

Anti-dumping duties are taxes imposed on imported goods in order to compensate for the difference between their export price and their normal value, if dumping causes injury to producers of competing products in the importing country.

On February 17, 2022, the European Commission issued an announcement stating that it had made an affirmative final anti-dumping ruling on iron or steel fasteners originating in China, and decided to impose anti-dumping duties of 22.1% to 86.5% on the products involved from the day after the announcement. For details of the tax rates, please see the attached table (EU final anti-dumping ruling on Chinese fasteners). This case involves EU CN (Combined Nomenclature) codes 7318 12 90, 7318 14 91, 7318 14 99, 7318 15 58, 7318 15 68, 7318 15 82, 7318 15 88, ex 7318 15 95 (TARIC codes are 7318159519 and 7318159589), ex 7318 21 00 (TARIC codes are 7318210031, 7318210039, 7318210095 and 7318210098), ex 7318 22 00 (TARIC codes are 7318220031, 7318220039, 7318220095 and 7318220098), but excluding stainless steel fasteners such as wood screws (excluding coach screws), self-tapping screws, other headed screws and bolts (whether or not with nuts or washers, but excluding screws and bolts used for fastening railway track construction materials) and washers.

Jiaxing Newscrew Fastener can offer 39.6% tax for Europe clients. Welcome to inquiry!