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THURSDAY, MAY 20, 1976
U.K. IMPOSES ANTI-DUMPING DUTY ON H.K. RAINCOAT
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THE BRITISH GOVERNMENT HAS ANNOUNCED THAT IT WILL IMPOSE, WITH IMMEDIATE EFFECT. AN ANTI-DUMPING DUTY ON A CERTAIN HONG KONG-MADE RAINCOAT IMPORTED INTO BRITAIN.
THE ITEM CONCERNED IS A SINGLE OR DOUBLE TEXTURE RUBBERISED RAYON OR COTTON RAINCOAT FOR LADIES WHICH THE BRITISH GOVERNMENT FEELS IS BEING IMPORTED INTO THE COUNTRY AT DUMPED PRICES, AND THAT ANTI-DUMPING ACTION IS NECESSARY IN ORDER TO PROTECT THE HOME INDUSTRY.
THE DECISION TO IMPOSE THE DUTY FOLLOWS A VISIT TO HONG KONG IN NOVEMBER LAST YEAR BY A TEAM OF GOVERNMENT INVESTIGATORS TO CHECK ON THE MANUFACTURING COST OF THE RAINCOAT.
THE ANTI-DUMPING DUTY IS 1.5 POUNDS STERLING ON EACH RAINCOAT OF THIS TYPE IMPORTED INTO BRITAIN FROM HONG KONG. THIS LEVY IS IN ADDITION TO THE NORMAL IMPORT DUTY.
A COMMERCE AND INDUSTRY DEPARTMENT SPOKESMAN POINTED OUT THAT THE ANTI-DUMPING DUTY CONCERNS ONLY LADIES' SINGLE AND DOUBLE TEXTURE RUBBERISED RAYON OR COTTON RAINCOATS NOT ALL RAINCOATS.
EXPORTS OF THIS RAINCOAT TO BRITAIN LAST YEAR AMOUNTED TO HK$650,000.
HONG KONG'S TOTAL EXPORTS OF TEXTILES AND CLOTHING TO BRITAIN IN THE SAME PERIOD WAS HK$1,995 MILLION.
THE SPOKESMAN FURTHER POINTED OUT THAT AN IMPORTER COULD CLAIM A REFUND SHOULD THE LANDED PRICE OF THE RAINCOAT PLUS THE ANTI-DUMPING DUTY EXCEED WHAT IS DEEMED IN BRITAIN AS A FAIR MARKET PRICE.+
THE FAIR MARKET PRICE IS HK346 C.I.F. FOR A SINGLE TEXTURE RAINCOAT AND HK$64 C.I.F. FOR A DOUBLE TEXTURE RAINCOAT.
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