China adds 44 tariff items for 2013

0 Comment(s)Print E-mail Xinhua, December 17, 2012
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BEIJING, Dec. 17 (Xinhua) - China's Ministry of Finance (MOF) announced its Tariff Implementation Plan for 2013 on Monday, making adjustments on tariff tax items and tax rates concerning a number of exports and imports.

The number of items to be taxed in 2013 has reached 8,238, after the addition of 44 for the new year.

The newly added items include seasoning products, pacemakers and special-formula infant milk powder.

The new tariff plan will be implemented by the General Administration of Customs on Jan. 1, 2013, according to a statement posted on the MOF website, which noted that the State Council approved the plan after deliberation by a special committee.

In order to meet domestic demand, China will implement temporary tax rates lower than the most favorable national tariff on more than 780 imported commodities next year.

And the country will continue to levy temporary tariffs on exports including coal, crude oil, chemical fertilizer and iron alloy in 2013, according to the statement. Endi

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