The MoIT recently announced the results of the first review of applying anti-dumping and anti-subsidy measures to a certain number of Thai cane sugar products.

High tariffs will apply to Mitr Sugar Corp., Ltd and four associated companies, a group of companies under the Thai Roong Ruang Industry Co., Ltd, five affiliated companies, and Czarnikow Group Limited.

Products which are subject to anti-dumping and countervailing duties are classified under HS code, namely 1701.13.00; 1701.14.00; 1701.91.00; 1701.99.10; 1701.99.90, and 1702.90.91.

Specifically, the anti-dumping tax rate placed on products of Mitr Sugar Corp., Ltd., Czarnikow Group Limited., and four affiliated companies will be 32.75%, while the tax rate for Thai Roong Ruang Industry Co., Ltd and five associated companies will stand at 25.73%.

The anti-subsidy tax rate for the products of Thai Roong Ruang Industry Co., Ltd and five affiliated companies is set to be 4.65%.

The Ministry of Industry and Trade emphasised that the tax rates will be officially applied from August 18, 2023, to June 15, 2026.

Source: VOV