Chemical product adjustment reflects international standards

On the 17th, the General Administration of Customs interpreted the 2007 version of the "People's Republic of China Import and Export Tariff". Compared with the 2006 edition, the new "Tax Regulations" adjusted 1600 tax numbers, which accounted for more than 20% of all tax numbers. This is the largest adjustment of China's import and export taxes in the past decade. In this adjustment, chemical products fully reflect the convergence with the international market.

According to reports, the adjustments related to the chemical industry mainly include the following points: First, considering the concerns of the international community on environmental protection issues, the structure of some product catalogues related to environmental protection issues has been adjusted. According to the EU, Australia and the Rotterdam Convention, the Montreal Protocol on Substances that Deplete the Ozone Layer, etc., the names and nomenclature of asbestos, mineral ash, mercury-containing compounds, pesticides, and other related chemicals have been adjusted or modify. As the additional captafol, methamidophos, chlordimeform, fluoro-acetamide, and phosphamidon monocrotophos, parathion and parathion-methyl, pentachlorophenol and dinoseb, dieldrin, Le Killing crickets, ethyl esters, sterols and other sub-items, further unified and standardized names, in order to facilitate the monitoring of international trade in hazardous chemicals. Second, in order to meet the needs of international anti-dumping verification, the tax numbers of chemical products that were originally relatively general were subdivided. For example, the two tariff numbers under the “other polyester” tariff lines were subdivided into “polybutylene terephthalate”. "Ester", "unsaturated polyester", "other polyester" 3 tariff numbers. Third, due to technological development and changes, some high-tech products or new products need to be listed separately or the relevant codes must be reorganized. Such as the addition of yttrium oxide, yttrium oxide and other new product tax numbers. Fourth, in the changes in tax rates that were accompanied by the adjustment of the “Tax Regulations” announced by the General Administration of Customs at the same time, most of the tax rates on chemical products exported have increased, reflecting the state's restrictions on “two high and one capital” products. According to the tariff reduction obligations promised by China's accession to the WTO, imported products are almost all reflected in the reduction of the tax rate. For instance, the quota tax rates for three kinds of chemical fertilizers including urea, compound fertilizer and diammonium hydrogen phosphate were reduced from 4% in 2006 to 1%, which reduced the MFN tariff rate for 44 tax purposes such as polyethylene in the “Import Tariff”.

It is also understood that in order to be more rigorous and more uniform in terms of semantics, the new "Tax Code" has amended the provisions of the relevant sections, items or subheads without changing the scope of the original items.

Led Headlamps

Led Headlamps,Led Headlight,Led Car Light,Best Led Headlamp

Foshan Kobo Lighting CO.,LTD. , https://www.lightsattack.com