ANNOUNCEMENT 11 Dec 2013

December 11th, 2013 - China's State Commission of Tariffs released its annual schedule of import/export tariff changes.

NUMBER OF INTERVENTIONS

4

  • 2 harmful
  • 0 neutral
  • 2 liberalising

SOURCE

PRC State Council Tariffs and Tax Standards Commission, December 11th 2013. (关于2014年关税实施方案的通知)
http://gss.mof.gov.cn/zhengwuxinxi/zhengcefabu/201312/t20131216_1024955.html

Inception date: 01 Jan 2014 | Removal date: open ended
Still in force

Import tariff

In the December 2013 announcement from the PRC State Tariff Commission, some tariffs were raised, including on frozen chicken feet (see Annex 2).

Four items saw temporary raises for items were also included in the temporary tariff rate document.

In addition, the threshold of dutiable value for cotton imports to be subject to the sliding-scale duty was raised from USD 2.29 to 2.45/kg (CNY 14 to 15).

Imports at less than this dutiable value will be taxed according to the cotton sliding duty formula. The parameters of the formula have also been changed to steepen the amount taxed as you approach the abovementioned threshold. The effect of this is that cotton priced at between USD 2.29 and 2.45/kg will incur a higher tariff on import, the exact amount depending on the formula.

Imports with a dutiable value of over USD 2.45/kg will be taxed at a flat rate of USD 0.093/kg.

The change is aimed at increasing the cost of importing cheap cotton, to stimulate the domestic mass-produced cotton market in China.

Inception date: 01 Jan 2014 | Removal date: open ended
Still in force

Import tariff

The tariff plan also included 42 items whose temporary import tariff rates were lowered. Three of these were not renewed or were changed in the subsequent year. The remainder were renewed for at least one year.

One item had its MFN rate raised. This came into effect the following year.

Several tariffs were also lowered in the a separate document, including four photosensitive products.

N.B.: Please see Annex 2 for full schedule. Units are converted from Chinese into 2014 USD/m2.

Inception date: 01 Jan 2014 | Removal date: open ended
Still in force

Export tax

In addition to the above, there were several changes made to export tariffs. These included decreases for six products, all of which were renewed for at least one year.

Inception date: 01 Jan 2014 | Removal date: open ended
Still in force

Export tax

Furthermore, the temporary ad valorem export tariffs on two items were raised, as well as the per unit taxes on KCl and KSO4 fertilisers, which were reduced from its 2013 level of USD 316.87 to USD 98.18 per tonne for 2014.