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Good News- Part of Stone Products Tax Reduction

Updated:2013-03-13 11:32:49
Parts of the stone products are in lower taxes this year, which will bring benefit to Quanzhou stone enterprises of foreign trade. Marble, limestone and dolomite can be used interchangeably as building material. According to the calculation from customs, this policy is expected to save taxes for imported dolomite in Quanzhou enterprises exceeds ten million RMB. Quanzhou stone industry mainly gathered in Shuitou, here is one of the largest stone wholesale and professional markets in our country, the stone material production occupy 40% of the country's exports which accounted for 45% of the country.

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. Dolomite new id number is 25181000 and 25182000, the year the goods most-favored-nation rate is 3%, the temporary tariff rate is 1%.

Quanzhou stone industry mainly gathered in Shuitou, here is one of the country's largest stone wholesale and professional markets, stone material production, 40% of the country's exports accounted for 45% of the country. However, the national well-known "China stone city" wasn’t stone resources, they must import a large number of raw materials every year. Due to the current situation of foreign trade is not fully improved, the import tariffs could get preferential on raw materials, which reduced the cost pressure of enterprise on some certain extent, as well as improve the bargaining space.

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