China to start new tariff exemption process for U.S. imports

Time:2019-08-29 09:43:44      Source: xinhuanet.com
China on Wednesday announced it will soon start accepting applications for exemption from its second-round of additional tariffs on U.S. imports.
 
Enterprises, business associations or chambers of commerce in China can file product exclusion applications online starting Sept. 2 until Oct. 18, according to the Customs Tariff Commission of the State Council.
 
The commission will exempt certain products from the additional tariffs, and offer temporary tariff exemptions or refunds of added duties based on the applications from relevant stakeholders.
 
China's second round of additional tariffs on U.S. products worth 60 billion U.S. dollars took effect on Sept. 24 last year after the United States started imposing additional 10-percent tariffs on 200 billion dollars worth of Chinese products the same day.
 
The commission will also launch the exemption process for the third round of additional tariffs on U.S. imports worth 75 billion dollars.
 
The first round of exclusion applications were accepted from June 3 to July 5.
Index RMB/t DoD Basis Date
Datong 5500 455 0 ex-mine 07-01
Shuozhou 5200 445 0 FOR 07-01
Ordos 5500 420 0 ex-mine 07-01
Yulin 6200 540 0 ex-mine 07-01
Liulin Low-sulphur 565 0 ex-mine 07-01
Gujiao Low-sulphur 1095 0 FOR 07-01
Xingtai Low-sulphur 1210 0 ex-Factory 07-01
Yangquan PCI 795 0 FOR 07-01
Index RMB/t WoW WoW% Date
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