Wednesday,November 01,2006 Posted: 14:17 BJT(0617 GMT) CAITEC
General Administration of Customs:
The adjustment of provisional import and export tax rate of a part of commodities has been confirmed at the 7th plenary conference of the Customs Tariff Commission of the State Council and approved by the State Council. Related issues are now announced as follows:
1. To adjust provisional import tax rate of a part of commodities
(1). to impose provisional import tax rate of 0-3% on 7 equipments or components such as direct computer plate-making machinery, and parts and components of textile machinery;
(2). to impose provisional import tax rate of 0-3% on 26 products of resource category, including coal, processed oil and alumina;
(3). to impose provisional import tax rate of 1% on 16 products of chemical fertilizer category such as potassium nitrate and concentrated superphosphate for fertilizer use. A tariff quota tax rate of 1% will be imposed on 3 products of chemical fertilizer category including urea provisionally;
(4). to impose provisional import tax rate of 5-12% on 6 products of wet leather category such as blue wet splits and blue wet horse hide.
The above commodities of 4 categories cover 58 tax items, and 6 of which only involve a part of commodities (refer to Appendix 1).
2. To adjust provisional export tax rate of a part of commodities
(1). to impose provisional export tax rate of 10% on 44 minerals such as apatite, rare earth metal and metal sands;
(2). to impose provisional export tax rate of 5% on 4 products of energy category, including coal, coke and crude oil;
(3). to impose provisional export tax rate of 15% on 11 primary products of non-ferrous metal such as copper, nickel and electrolytic aluminium;
(4). to impose provisional export tax rate of 10% on 30 primary products of steel and ferroalloy such as such as ferroalloy, pig iron and billet;
(5). to impose provisional export tax rate of 10% on 21 products including rare earth compound, boarded floor and one-off chopsticks.
The above commodities of 5 categories cover 110 tax items in total (refer to Appendix 2).
3. This announcement will take effect as from Nov.1, 2006.
Oct 27, 2006 |
