Shaoxing Textile Benefits &Nbsp; Textile Does Not Adjust Export Tax Rebate.

But improving the added value of products and enhancing their competitiveness is still a top priority for textile enterprises.

The Ministry of Finance and the State Administration of Taxation issued a notice on June 22nd to cancel export tax rebates for 406 kinds of corn starch and other commodities.

However, textiles are not within the scope of the tax rebate policy adjustment, making many Shaoxing counties.

Reporters learned from the Shaoxing State Administration of taxation that the abolition of export tax rebates mainly consists of six main categories, including some steel products, some non-ferrous metal processing materials, silver powder, alcohol, corn starch, some pesticides, pharmaceuticals, chemical products, and some plastics and products, rubber and products, glass and products. The purpose is to restrict the export of "two high and one capital" products, and support the completion of the task of energy saving and emission reduction in 11th Five-Year.

Among them, 5 kinds of commodities in Shaoxing county were affected by this adjustment. They were other non float float glass plates and chips, other cellulose ether in the primary form, other unnamed products and preparations in the textile industry [including finishing agents, dyestuffs, accelerating coloring or fixing agents; cold-rolled sheets with carbon content below 0.25% (wide <600mm, uncoated, coated)]; zinc pipes and zinc pipe accessories (for example: joints, elbow tubes, Guan Tao).

These five commodities account for a small share of the total export volume of the county, and the total value of these five commodities since 2010 has amounted to $1 million 50 thousand.

Among them, the new deal will have a greater impact on glass products and dyestuff industry.

It is understood that this year, the export of glass products in Shaoxing county was US $460 thousand, followed by dyestuff accelerated dyed or fixed color auxiliaries products of US $360 thousand, and the two products were originally refunded at 5%.

"The 5% tax rebate rate will be cancelled overnight, which will have some impact on the export of products, but the impact should not be great."

Shaoxing County State Administration of Taxation official said that although the rebate rate of glass and some textile dye preparations has been cancelled, refined glass products are not listed here. The products of Shaoxing County glass enterprises are mainly made of refined finished glass, and the export volume of dye preparations is not large. Therefore, the cancellation of multiple commodity tax rebates will not have a great impact on the overall export of the whole county.

However, the abolition of the 406 export commodities tax rebate, or many Shaoxing textile enterprises responsible person quite surprised.

"Fortunately, the tax rebate rate of textiles has not been lowered, otherwise enterprises will definitely not accept it."

Mr. Ding worked in a foreign trade enterprise in Shaoxing county. He was surprised by the adjustment of the national tax rebate policy.

He can not help worrying that with the expected increase in RMB appreciation, if textile tax rebate rate is lowered, the pressure of textile foreign trade enterprises will definitely increase.

In this regard, the industry has pointed out that as the global economy continues to recover, the national stimulus policies may slowly withdraw,