On December 20, 2012, Boshen Tools Co., Ltd. (hereinafter referred to as “the Companyâ€) disclosed the “Announcement on the Impact of Anti-dumping Lawsuits and Tiantong Company Equity Transfers on 2012 Business Resultsâ€. The company received a notice from Jintiancheng (Beijing) Law Firm on February 20, 2013. The United States has made new progress in anti-dumping investigation cases originating from Chinese diamond saw blades (hereinafter referred to as “anti-dumping casesâ€). The situation is announced as follows.
On December 6, 2011, the US Department of Commerce announced the preliminary results of the first annual administrative review of anti-dumping cases in the federal notice (review period: January 23, 2009 to October 31, 2010), the company obtained 8. 5% separate tax rate;
On December 10, 2012, the US Department of Commerce announced the results of the second annual administrative review preliminary review on the federal notice (review period: November 1, 2010 to October 31, 2011), the company received 35.09% Separate tax rate;
On February 11, 2013, the US Department of Commerce announced the final results of the first annual administrative review of anti-dumping cases in the federal notice (review period: January 23, 2009 to October 31, 2010), the company finally obtained a separate tax rate of 9.55%;
On February 13, 2013, the US Department of Commerce selected the third annual administrative review (review period: November 1, 2011 to October 31, 2012), and the company was selected as a mandatory responding company. . At present, the company has hired lawyers to actively respond to the lawsuit and strive to obtain a lower review tax rate.
Since the publication of the first annual administrative review final tax rate (February 11, 2013), US Customs has imposed tariffs on the diamond circular saw blades and components imported by the US subsidiary from the company at a final rate of 9.55%. Margin until the second annual administrative review final tax rate is announced.
The final annual ruling rate of 9.55% obtained by the first annual administrative review company is only applicable during the review period (January 23, 2009 to October 31, 2010), the second annual administrative review (review period: 2010 The first annual administrative review from November 1st to October 31st, 2011 (review period: November 1, 2011 to October 31, 2012) shall be applied to the corresponding review after the final final tax rate is announced. During the period, the company will conduct corresponding accounting treatment for the corresponding accounting period according to the final ruling rate of each administrative review.
The publication of the first annual administrative review final tax rate and the company's selection of the third annual administrative review mandatory responding enterprise will not have a significant impact on the company's 2012 annual operating results. The company continued to maintain its third-quarter report's forecast for 2012 operating results unchanged.
If the United States has other new developments in anti-dumping lawsuits originating from Chinese diamond saw blades, the company will disclose them in a timely manner.
Special announcement.
February 22, 2013
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