Adjusting The Sliding Tax Method Is Equivalent To The Bottom Line Of Imported Cotton Prices.

2011/12/17 10:54:00 29

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Adjust The Sliding Tax Method To Calculate The Bottom Line Of Cotton Prices

The Ministry of Finance announced the 15 day by the State Council.

Customs tariff

The Committee deliberated and submitted to the State Council for approval. Since January 1, 2012, China's import and export tariffs will be partially adjusted.

In 2012, it continued to impose tariffs on the import of 3 fertilizers, including 7 kinds of agricultural products such as wheat and urea.

quota

Management, and 1% provisional quota tax rates for 3 kinds of fertilizers such as urea.

Continue to implement a certain quantity of cotton imported from the tariff quota.

Sliding duty

And adjusted the slip tax formula appropriately. The effect is import.

Price

The higher the tax rate, the lower the applicable tax rate.

The implementation of sliding tax is equivalent to setting the bottom line for imported cotton prices. It will play a great role in reducing the impact of imported cotton on the domestic market and protecting the interests of cotton farmers, and will support the domestic cotton market price.

And in accordance with the adjusted sliding tax method, when imported cotton prices are relatively low, import costs have increased significantly compared with before adjustment.

This actually raised the bottom price of imported cotton and provided support for domestic cotton prices. Therefore, the adjusted tax method obviously has a positive effect on the domestic cotton market.

The price of cotton futures in Zhengzhou rose sharply in December 16th, and the main 1205 contract climbed to a two month high.