MoF raises tax rebates for Chinese exports from March 20
From March 20, China will raise the tax rebates on some 1,084 goods – on everything from concrete to kitchenware but also including steel – to 13%, and those on another 380 items including plant growth regulators to 10%, Mysteel Global learnt from the product list attached to the announcement.
Included in the former are many finished steel products, especially high value-added items, Mysteel Global noted. Rebates on these products will all be raised to 13% from the current 9% or 10% depending on their categories or specifications, Mysteel Global understands.
The new rebate will be applied to deliveries with the contract cleared by China Customs on March 20 and onwards.
Written by Olivia Zhang, zhangwd@mysteel.com
Edited by Russ McCulloch, russ.mcculloch@mysteel.com
Table-Steel products attracting higher rebates and their HS codes
Products (total: 59) |
HS Code |
|
Galvanized iron or non-alloy bar, strip and wire |
72124000; 72141000; 72172000; 72173010 |
|
Hot-rolled and cold-rolled stainless bars,strips, wires, beam |
72201100; 72201200; 72202020; 72202030; 72202040; 72209000; 72221100; 72221900; 72222000; 72223000; 72224000; 72230000 |
|
Alloy steel coil, sheet, strip, bar and wire rod, wire-in-coil, and beam, tool steel |
72253000; 72259100; 72259200; 72259910; 72259990; 72262000; 72269110; 72269199; 72269200; 72269910; 72269920; 72269990; 72271000; 72272000; 72279090; 72286000; 72287010; 72287090; 72292000; 72299090 |
|
Carbon, alloy and stainless seamless and welded pipes and tubes |
73043190; 73043910; 73043920; 73043990; 73044110; 73044990; 73045110; 73045120; 73045190; 73045910; 73045920; 73045990; 73049000; 73053100; 73053900; 73059000; 73063019; 73063090; 73064000; 73065000; 73066100; 73066900; 73069000 |
|
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