New changes of provisional import tax rate 2009

In order to reduce the impact of international financial crisis on China's economy and foreign trade and further bring the customs duty control into full play, so as to promote the stable growth of foreign trade and optimize the commodity composition of import and export as well as push forward change of economic development mode and adjustment of the industrial structure, 2009 Plan for Execution of Customs Duty adjusts the provisional import tax rate to certain extent. After adjustment, the provisional import tax rate covers 673 taxable items and the tax rate ranges from 0% to 40%. The specific adjustment mainly includes 4 aspects as below:

1. In order to support the development of agriculture and rural economy and promote growth of agriculture and farmer's income, the lower provisional import tax rate shall be implemented for agricultural production materials such as animal food, farm chemical intermediate as well as farm machinery and components such as tea leaves picking machine, potato & beet harvester, forage harvester and large-sized reaper. Also, according to the variation of supply and demand at home market, the provisional import rates for bean cake, pork and neem oil are cancelled and the most favored nation tariff is resorted.

2. In a bid to support the development of high and new technology, encourage the enterprise to make independent innovation and push forward upgrading of industrial structure, so as to promote the equipment and manufacturing industry in China, the lower provisional import tax rate shall be adopted for the raw materials such as grain-oriented silicon electrical steel, ion exchange membrane and LCD polarizing disk used in electrics, chemical industry and information technology, which are unavailable in China as well as the equipment and components such as gas laser generator and stepless variable compressor of air conditioner, which are good for introduction and application of new technology.

3. In order to encourage the energy-saving, environment protection, use of renewable resources, sustainable development of economy, the lower provisional import rate shall be continuously available for energy & resource-related products such as selenium, fuel oil, electrolytic copper and waste tantalum as well as raw materials such as glycerine and naphtha and pro-environment equipment and components such as key parts of wind power generation equipment.