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Domestic Stone Manufacturers Will Benefit from Decreasing the Tax of Imported Stones

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According to the General Administration of Customs Announcement No. 63, 2012, the provisional duty rates of commodities this year compared with 2012, the temporary tariff rate of imported goods increased 47 items (temporary tariff rate is on the basis of MFN tariff rate, on a particular commodity at a specific year of further tax reduction policy arrangement), mainly food, filled with feathers, feather and so on. New ID numbers of Dolomite are 25181000 and 25182000, whose year the goods most-favored-nation rate is 3%, the temporary tariff rate is 1%. Dolomite, Marble and Limestone can be alternative as building materials. According to customs’ evaluation, this policy will save more than 10 million Yuan of tax for imported dolomite companies in Quanzhou.

Quanzhou stone industry mainly gathered in Shuitou, which is one of the country's largest stone wholesale and professional markets. Its annual stone production covers 40% of the national, and export volume accounts for 45% of the national. However, this national well-known "China stone City" doesn’t have stone resource. They must import a large number of raw materials every year. Under the current situation that foreign trade is not fully improved, if the import tariffs could get preferential on raw materials, it will reduce the enterprises cost, and also improve the bargaining space.
 

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