China’s Ministry of Commerce (MOFCOM) said on Wednesday that the anti-dumping review into brandy imports from the EU would now last until April 5, 2025. This is because the case is so complicated.
The MOFCOM said earlier on January 5, 2024, that it was starting an anti-dumping review into brandy imports from the EU that were in question.
The January announcement said that the investigation should usually be over by January 5, 2025. However, there is a six-month extension available in special cases.
The MOFCOM said on August 29 that a preliminary review showed that the imported brandy from the EU is dumped, and that the domestic brandy industry is in serious danger of being hurt. They also said that there is a link between the dumped goods and the serious danger of being hurt.
In a statement released on November 11, the MOFCOM said that starting November 15, people who want to bring in the products that are being investigated must give deposits or letters of guarantee to China’s customs officials based on the dumping margins listed in the statement.
The announcement listed the businesses whose goods importers must secure with deposits or letters of guarantee. The dumping margins for each company ranged from 30.6% to 39.0%.
Some of the companies that were looked at were Martell & Co., whose profit ratio was 30.6%, Jas Hennessy & Co., whose ratio was 39.0%, and E. REMY MARTIN & C°, whose ratio was 38.1%.
The companies that helped with the study had a dumping margin of 34.8%, while the other companies had a dumping margin of 39%.
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