Anti-Dumping Duties
3.1 Description
6. The anti-dumping duties are imposed through a single ad valorem duty rate of 33%. The ad valorem rate applies to all exporters of the subject goods, excluding African Gabions (Pty) Ltd and Finmesa Investment Corporation, which are both exempt from anti-dumping duties.
3.2 Method
7. For each importation of galvanised wire it is necessary to identify the value for duty (VFD) of the subject goods. The anti-dumping duty payable is 33% of the VFD of the subject goods.
3.3 Example
8. Below is an example of the calculation of anti-dumping duty applicable to these goods.
9. You have an invoice issued by a South African supplier for importation of galvanised wire originating from South Africa as follows:
| Description |
Quantity (kgs) |
Rand/tonne |
Total Rand |
| High Tensile wire HG 2.46mm |
40,000 |
2,000 |
80,000 |
10. The exchange rate at the date of importation is NZD1 = ZAR4.90
11. For 40,000kgs of 2.46mm High Tensile HG galvanised wire, the total VFD amount in NZD is (80,000/4.90) = NZD16,326.53
12. The total anti-dumping duty payable is 33% of the VFD = NZD16,326.53 x 0.33 = NZD 5,387.76
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