Announcement of the General Administration of Customs of P. R. China, No. 46, 2010 on the Adjustment of Import Consumption Duty on Product Oils

[2010-07-26 08:42:09]


From January 1, 2009, China adjusted the import consumption duty on product oils. The General Administration of Customs of P. R. China released in succession the Announcement No. 99, 2008 and the Announcement No. 15, 2009 to clarify relevant issues. In order to facilitate the customs clearance for enterprises and ensure the fairness, uniformity, and normalization of the implementation of the policy, relevant matters are once again specified as follows upon research:

I For importing product oils under "other diesel oils and other fuel oils (HS Code: 27101929)", "lubricating oils (HS Code: 27101992)", "basic oils for lubricating oils (HS Code: 27101993)", and "other heavy oils and heavy oil products (HS Code: 27101999)", the second legal unit of measurement (liters) shall be uniformly converted from the first legal unit of measurement (kilograms) in accordance with the given formula in the Annex, and then declared to China Customs authorities and the import consumption duty shall be levied on.

II Where the conversion between the weight and measurement of the imported product oils is different from the given formula, taxpayers shall convert weight to measurement in accordance with the given formula, and then declare to China Customs authorities and pay import consumption duty.

III According to the commercial practice, product oils usually contain certain amount of water, and the water content shall not be deducted at the customs declaration of weight.

IV The Announcement shall be implemented as of July 26, 2010, and the Announcement of the General Administration of Customs of P. R. China, No. 15, 2009 shall be repealed simultaneously.

Annex: Conversion Standards of Measurement Unit for Newly-Increased Product Oils.doc
July 19, 2010

General Office under the General Administration of Customs of People’s Republic of China

Source: ETCN
Related Articles:
    {tag_内容页相关信息}
Most Read
    {tag_栏目页热点}
Related Photos
{tag_栏目页图片文章}