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    The Ministry Of Finance Adjusts Import And Export Duties &Nbsp Next Year, And Raises The Export Tariffs Of Rare Earths.

    2010/12/14 16:56:00 49

    Ministry Of Finance Export Tariff Rare Earths

    In December 14th,

    Treasury Department

    In the afternoon, the request will be issued to China from January 1, 2011.

    Import and export duties

    The tax rate will be partially adjusted, with individual improvements.

    Rare earth products

    The export tariff has appropriately adjusted the applicable period of the tax holiday season and the export tariff base price for the off-season in the chemical fertilizer export season.


    In 2011, tariff quota management was applied to 3 kinds of fertilizers, such as wheat and other 7 kinds of agricultural products and urea, and 1% provisional quota tax rates were applied to 3 kinds of fertilizers such as urea.

    A certain amount of cotton will be applied to the import tariff quota, and the rate will remain unchanged.

    We will continue to implement quantity tax or compound tax on 55 kinds of products, such as frozen chicken, and appropriately adjust the amount tax from a small quantity of merchandise.


    In order to meet the needs of economic and social development, promote economic restructuring, strengthen energy conservation and emission reduction and ecological environmental protection, China will implement a lower annual import tariff rate for more than 600 kinds of resources, basic raw materials and key parts and components in 2011.

    Among them, the first implementation of the annual import provisional tax rate includes propane, butane and other resource-based commodities, fatty acid, polyimide film, titanium strip and other basic raw material products, high-definition cameras, LCD projector polarizer, electronic parking brake system and other key components.


    According to the changes in domestic production capacity, technology level and supply and demand relationship, the annual import tariff rate of carbon fiber yarns, ion exchange membranes and car supercharger products has been raised or cancelled.


    In 2011, China continued to levy export tariffs on "two high and one capital" products such as coal, crude oil, chemical fertilizer and non-ferrous metals in the form of provisional tax rates.


    In order to regulate the export of rare earth and alleviate the rising trend of fertilizer prices and raise the export tariffs of individual rare earth products, we have appropriately adjusted the applicable period and the off-season export tariff benchmark price for the season of chemical fertilizer export season.


    In order to expand bilateral and multilateral economic and trade cooperation, China will implement the agreement tariff rate below the most favored nation tariff rate for some imported products originally produced in ASEAN countries, Chile, Pakistan, New Zealand, Peru, Korea, India, Sri Lanka and Bangladesh in accordance with the free trade agreement or tariff preferential agreement signed with relevant countries or regions in 2011.


    Under the framework of the Closer Economic Partnership Arrangement between the mainland and Hongkong and Macao, zero tariff is imposed on products originating in Hong Kong and Macao and having preferential standard of origin.

    According to the cross strait economic cooperation framework agreement early harvest plan for trade in goods, since 2011, the agreement tax rate has been applied to over 500 early harvest commodities originating in Taiwan.

    At the same time, we continue to implement preferential tax rates for some products originating in 41 least developed countries such as Laos, Sultan and Yemen.


    In order to adapt to the progress of science and technology, adjust the industrial structure and change the structure of foreign trade, and strengthen the management of import and export, some tax items in the import and export tariff have been adjusted in accordance with the relevant principles of the world customs organization. Additional tax items such as chrome zirconium copper, grating measuring device, two tin oxide, aluminum plastic composite plate, grain seeder and so on have been added.

    After adjustment, the total number of import and export taxes in 2011 will increase from 7923 in 2010 to 7977.

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