In accordance with the investigation result of new exporter review, the Customs Tariffs Committee of the State Council decided to adjust the anti-dumping duty rate of imported Phenol from LG Petrochemical Co., Ltd. In accordance with Announcement No. 64, 2006 of Ministry of Commerce, matters concerning implementation of the Customs are notified as follow:

1. As from September 5, 2006, while applying for importing Phenol from LG Petrochemical Co., Ltd., the anti-dumping deposit money shall not be imposed in accordance with regulations of Announcement No. 60, 2005 of the General Administration of Customs.
2. As from September 5, 2006, while applying for importing Phenol from LG Petrochemical Co., Ltd., the anti-dumping duty rate shall be adjusted from 16% to 0%. The exceeding part of the already paid anti-dumping deposit money could be returned by the local Customs in 6 month as from September 5, 2006.
3. The anti-dumping duties on imported Phenol from Japan, ROK, the U.S. and Taiwan region of China shall still follow Announcement No. 3, 2004 of the General Administration of Customs.

Appendix: Announcement No. 64, 2006 of Ministry of Commerce of PRC

General Administration of Customs of PRC
September 1, 2006