Customs

Dumping: Full Threaded Screws with Hexagon Heads

On 18 November 2011 a notice was published in respect of an initiation of an investigation into the alleged dumping of fully threaded screws with hexagon heads, excluding those of stainless steel originating in or imported from the People’s Republic of China (China). The application was initiated by the South African Fasteners’ Manufacturers Association (Safma), an industrial origanisation for the major producers of the subject product in the Southern African Customs Union (Sacu). Safma constitutes 80% of the Sacu production value. The allegation of dumping is based on the comparison between the normal value in China and the export price from China. The normal value was constructed based on the cost of production plus general selling and administration expenses and profit in China. The export price was based on six month import statistics from the South African Revenue Service (Sars). Comment is due by 27 December 2011.

SA Customs Buzz