[Tariffs Changes] New Changes in Tariffs of 2009: Hardware Processing Trade Ente
[2009-02-03 16:56:05]
Since January 1, 2009, China will further adjust the import and export tariff mainly on most-favored-nation rate, annual interim duty rate, conventional tariff, special preferential tariff and tax items, in order to promote the steady growth and structure optimization of import and export trade. According to Ministry of Finance, in conformity with the principles of Harmonized Commodity Description and Coding System promulgated by World Customs Organization, China has made properly adjustment on the Import and Export Tariff in 2009. The new added products are xylitol, ghee and shoes etc with continuous increasing exportation amount in need of import management; bamboo products for the purpose of supporting the agriculture and rural economic development; cytosine, anti-HIV medicines etc, for the purpose of better development of public health and human health; high-tech products as soldering tin, silicon single crystal rod etc to benefit in environment protection. After the adjustment, China's total number of tariff items on imports and exports goods increased from 7758 in 2008 to 7868 in 2009.
For an example, the total amount of shoes sole made from rubber and plastic ( with the HS code of 64029900) in processing trade reaches more than 3 million US dollars, but after this adjustment, the HS code of rubber and plastic are stipulated as 64029910 and 64029920 separately, which makes some processing trade enterprises get into trouble when making a declaration to customs. The enterprise for processing trade not only shall classified the commodity and make a record filing according to the adjusted commodity code, but also shall check the manual which has put a record before and after the adjustment but does not finish the import or export actually. They should also check whether the code of import and export commodity in this manual is cancelled or changed, if finding any changes, the enterprise for processing trade shall apply for a code alteration to the department in charge of processing trade, otherwise, the declaration for import and export will be unavailable which will result to the delayed delivery of goods.
Source: Zhongjie net
Keywords:Tariffs Hardware Processing
Related Articles:
- Chemical from EU Latest to See Tariffs
(2013-06-28) - China Cuts Tariffs on Baby Formula
(2013-01-30) - Mainland, Taiwan Exempt Tariffs on 806 Products
(2013-01-04) - US Self-harming Tariffs on China Solar Panels
(2012-10-12) - U.S. Levies New Tariffs on Chinese Wind Tower
(2012-08-13) - U.S. Tariffs Impact Solar Cell Production in China
(2012-08-01) - Tariffs on Chinese Solar Panels Could Drive Domestic Costs Up
(2012-06-13) - The U.S. Department of Commerce Slashes Anti-dumping Duty on Pangasius Imports
(2012-03-13) - Argentina, Brazil, Paraguay and Uruguay of Mercosur Increases Tariffs on Industrial Products
(2011-12-30) - Switzerland to Cancel Tariffs on Some IT Products
(2011-11-25)
