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Zhong Yin Law Firm, representing HBIS Group Co., Ltd, has negotiated the nationwide lowest tax rate for hot-rolled steel amidst European Union’s anti-dumping and anti-subsidy investigation towards Ch

2017.06.13  

Author: Zhong Yin Law Firm   

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As of 9th June 2017, the European Commission concluded the investigation of anti-dumping and anti-subsidy towards Chinese hot-rolled steels. The Zhong Yin Trade Relief Team, led by senior partner Mr Jia Zheng, had been representing HanSteel, TangSteel and ChengSteel, the subsidiaries of reputed Chinese iron and steel enterprise HBIS Group Co. Ltd in the lawsuit. In the final decision delivered by the European Commission, the team managed to achieve the lowest nationwide tax rate of 18.1%, compared to the tax rate of 27.9% to 35.9% among other similar enterprises in China.

The Trade Relief team in Zhong Yin has abundant experience in dealing with issues related to anti-dumping in the iron and steel industry. It had represented well-known domestic iron and steel enterprises, such as TangSteel, HanSteel, Benxi Steel, ChengSteel, XuanSteel, WuSteel, in around 30 cases of anti-dumping and anti-subsidy investigations against Chinese steel products in the European Union, Thailand, Indonesia, Vietnam, Pakistan, India, Turkey, Mexico, Brazil and Chile. The team had successfully assisted the clients to obtain the lowest, or even zero, nationwide tax rate on multiple occasions.

Zhong Yin Trade Remedy and WTO Legal Service Centre has a group of expert lawyers and accountants with plentiful practical experience who constantly deliver outstanding performance. Its practices cover anti-dumping, anti-subsidy, security measures, WTO negotiation and dispute resolution, trade barrier investigation, trade-related investment policies, trade services and Customs Law. Zhong Yin Law Firm provides legal service which covers all stages of anti-dumping cases, including but not limited to legal representation, different administrative reviews, judicial reviews, taxation and tax rebate. The guiding principle of Zhong Yin Trade Relief and WTO Legal Service Centre is to make the best use of different domestic laws and WTO rules to safeguard the right of free-trade and legitimate interests of the country and enterprises, placing corporations’ demand as its priority and build a first-class international brand of Trade Relief and WTO Legal Service Centre.


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