Margin of undercutting Sample Clauses

Margin of undercutting. 206. Japan argued that in its Regulations, the EC had devoted most of its discussion of undercutting to the size of the margin. Japan noted that in the Provisional Regulation (recitals 67 and 84) the EC had found undercutting in only the German market, at an average level of 11 per cent up to a maximum of 18 per cent. In the Provisional Regulation the EC had noted an average level of price undercutting of 11 per cent. In the Definitive Regulation the EC had stated that it had found: "... for a large number of transactions...significant price undercutting on the part of Japanese exporters on the German market where the Community industry still retained a large market share" (recital 26). Japan argued that further detailed information submitted to Japan by the EC during the course of consultations, and submitted to the Panel by Japan as Annex VI-A to its first submission, when properly recalculated, showed that the undercutting margins were much lower than the 11 per cent quoted in the Provisional Regulation. Only 2 of the 5 exporters were found to be undercutting.
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