Taipei, Sunday, Nov 24, 2024, 06:32

News

The United States Reduces Motech’s Anti-Dumping Tariff Rate

By Korbin Lan
Published: Aug 21,2014

TAIPEI, Taiwan-The United States Department of Commerce has already revised the initial results of its anti-dumping investigation. Motech’s anti-dumping tariff rate has been amended to 20.86%. In addition, solar cell manufacturer, Gintech’s duty rate will possibly be reduced as well.

More on This

Motech Merges with TSi to Become Top Solar Cell Maker

Taiwanese solar cell manufacturer, Motech, announced on December 26, 2014 that it will merge with Topcell Solar International Co...

The United States Department of Commerce’s original verdict set Motech’s anti-dumping tariff rate at 44.18%, while the original verdict set Gintech’s anti-dumping tariff rate at 27.59%. The average tariff rate for companies in Taiwan is 35.89%

Motech immediately submitted an appeal to the United States on the grounds that the United States Department of Commerce’s verdict contained errors. Through lawyers, Motech submitted a letter to fight for revaluation and request for revisions to the tariff rate.

The United States Department of Commerce announced revisions to the verdict on the 18th of this month and readjusted Motech’s anti-dumping tariff rate down to 20.86%, making it the lowest tariff rate for companies in Taiwan.

As for another company and solar cell manufacturer, Gintech Energy Corporation, the original verdict set the tariff rate at 27.59%. However, President and COO When-Whe Pan stated that there is already a chance that Gintech’s tariff rate will also be reduced.

Analysts believe that as a result of Taiwanese companies putting pressure on the United States Department of Commerce to win over revisions to the tariff rate, it is possible that the final verdicts at the end of the year will be more optimistic.

CTIMES loves to interact with the global technology related companies and individuals, you can deliver your products information or share industrial intelligence. Please email us to en@ctimes.com.tw

741 viewed

comments powered by Disqus