Cotton Import And Export Tariff Adjustment Notice August
According to the people's Bank of China, the RMB exchange rate in July 16, 2008 was RMB 1 to 6.8128 yuan against the Bank of China, so the tariff rate of imports and exports in August will be calculated at 1 US dollars = 6.8128 yuan.
Look forward to the import and export business of cotton and textile enterprises.
According to the 2005 Announcement No. fifty-third issued by the General Administration of Customs in October 30, 2005, the rate applicable to import and export cargo tax rates for each month is third Wednesday on the previous month (third Wednesday is a statutory holiday, and fourth Wednesday is postponed).
In other words, the import and export of cotton declarations in August should be based on the July third Wednesday (July 16th) Bank of China announced the conversion price to calculate tariffs.
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