IMPLEMENTATION LEVEL

National

AFFECTED FLOW

Inflow

ANNOUNCED AS TEMPORARY

No

NON-TRADE-RELATED RATIONALE

No

ELIGIBLE FIRMS

all

JUMBO

No

TARIFF PEAK

No
← back to the state act
Inception date: 07 Nov 2013 | Removal date: 07 Dec 2014
Still in force

Internal taxation of imports

 On 7 November 2013, the Chinese Ministry of Finance issued announcement no. 74/2013 extending the existing preferential import tax policies for three liquified natural gas projects (cf. Related Measures).
With the new announcement in place, the new Sino-Myanmar gas pipeline, the new Zheijang LNG project and the Zhuhai of Guangdong LNG project will receive increased quotas which can benefit from a VAT refund.
The announcement came into force on the day of its issuance. It was repealed on 26 December 2014 by announcement 67/2014.

AFFECTED COUNTRIES

MAP
TABLE
EXPORT

AFFECTED SECTORS AND PRODUCTS

120 Crude petroleum & natural gas
2711 Petroleum gases and other gaseous hydrocarbons.
271111 Natural gas
271121 Natural gas
334 Petroleum gases & other gaseous hydrocarbons, except natural gas
2711 Petroleum gases and other gaseous hydrocarbons.
271112 Propane
271113 Butanes
271114 Ethylene, propylene, butylene and butadiene
271119 Other

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