China's Ministry of Finance to Lower Some Export-Refund Rates
[2011-04-13 17:31:04]
According to China Securities Journal, the Ministry of Finance of China is planning to lower export refund rates for some commodities including some aluminum profiles and stainless steel rods.
Export refund rate for some aluminum profiles will be lowered from current 13% to 9%, and that for stainless steel bars, rods, profiles and wires are likely to be cancelled, while their current rate is 5%.
But relevant departments do not think boron steels are likely to be involved in the adjustment, because of difficulty in demarcation of steels.
Besides, industry insiders estimate that aluminum strips/plates and aluminum foils, which are respectively under refund rates of 13% and 15%, are likely to follow the change of aluminum profiles.
Source: ETCN
Related Articles:
- Columbia Ends AD Review and Keeps Initial AD Rates on China's Ceramic Dinner Sets
(2011-07-15) - Credit Guarantee Institutes of Minor Enterprises Acquired Another Three-Year Exe
(2009-06-03) - No.28 Announcement of the General Administration of Customs in 2009
(2009-06-03) - Forms of Tariff Reduction and Exemption on China Peru FTA
(2009-05-31) - Experts Analyze Promotion Plan of Logistics
(2009-05-15) - Central Bank: No Increase in Interest Rates
(2009-05-07) - Circular of the Ministry of Commerce on Further Improving Examination and Approv
(2009-04-28) - Ministry of Commerce Terminates Anti-dumping Investigation on Gas Chromatograph-
(2009-04-22) - China May Hike Refined Oil Rates
(2009-04-17) - Foreign-Invested Enterprises or Foreign-Invested Enterprises with Increase of Ca
(2009-04-01)
Most Read
- GACC Announcement No.10, 2017 on China-South Korea Goods Origin Info Exchange System
(2017-02-09) - Explanations on Compilation & Release of the "China Export Leading Indicator"
(2014-07-10) - GACC Announcement No.26, 2016 on (Cross-Border E-Commerce Retail Import/Export Control)
(2016-05-10) - GACC Announcement No.46, 2015 (on Uniform Social Credit Code Implementation)
(2015-10-10) - GACC Announcement No. 32, 2016 on (Uniform Social Credit Code for Legal Persons & Organizations)
(2016-05-13) - AQSIQ-CNCA Announcement No. 117, 2012 on Compulsory Certification-Free Products
(2012-08-16) - China Tariffs Implementation Plan for 2013
(2012-12-27) - China Bans Export of Protected Fossils
(2010-11-25) - Announcement of the General Administration of Customs of P. R. China, No. 43, 2010
(2010-07-06) - Customs Announcement No. 84, 2010 on 2011 Time-Table for Statistics Release
(2010-12-30)
