Ta Chen International received a 10% tariff exemption for imports of aluminum products from the US 232 tariff case, and it was estimated to have a refund of US$9 million.
Ta Chen International pointed out that it was registered with the Customs on October 5th. From the registration completion date, Ta Chen International of the US has imported from Taiwan, China, Indonesia, South Africa, Costa Rica and other countries, and there was no need to impose an additional 10% tax within the exempted tons.
According to the statistics, the imports of aluminum sheet and coil from Taiwan were 120,000 tons; those from Indonesia were 113,000 tons; those from India were 57,000 tons; those from South Africa were 50,000 tons. The imports of hot-rolled coil semi-finished products from China were 57,000 tons; those from Indonesia were 43,000 tons. The imports of aluminum foil from Costa Rica were 2,000 tons.
Ta Chen International said that the tariffs paid by the above products could be returned retroactively. The amount was estimated to be US$9 million. The exemption was valid for 1 year and could be re-applied after expiration date.
Ta Chen International to get tax exemption refund of $9 million
8 Oct 2018 15:52 reported by Vicky Wang
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