China's Ministry of Commerce (MOC) announced on Wednesday an increase in the rate of anti-dumping duties on ethylene glycol monobutyl ether and diethylene glycol monobutyl ether imported from the United States and EU countries.

File photo: Ministry of Commerce (Chinanews.com)

Ethylene glycol monobutyl ether and diethylene glycol monobutyl ether are primarily used as solvents for paints and other chemicals.

The following is a list of new anti-dumping duties:

Companies in the US

1. Equistar Chemicals, LP　　　　　　37.5%

2. Eastman Chemical Company　　   46.9%

3. The Dow Chemical Company 　　  75.5%

4. All others　　　　　　　　　　       75.5%

Companies in EU members

1. INEOS Chemicals Lavera SAS         43.5%

2. Sasol Germany GmbH 　　　　　 10.8%

3. Sasol Solvents Germany GmbH     10.8%

4. BASF SE                                         18.8%

5. All others　　　　　　　　　　　   43.5%

As of April 12, 2018, importers shall pay the relevant anti-dumping duties to China Customs when importing the specified products from the above companies.

The anti-dumping duties shall be levied by means of  the ad valorem tax on the basis of dutiable value authorized by China Customs, and the formula is: Anti-dumping duties = dutiable value authorized by China Customs multiplied by the rate of anti-dumping duties.

The import value-added tax shall be levied through the ad valorem tax with the dutiable value authorized by China Customs plus the tariff and anti-dumping duties as the taxable value.