Xinhua News Agency, Beijing, September 14-Finance and the State Development and Reform Commission, Ministry of Commerce, the General Administration of Customs, State Administration of Taxation on the 14th five departments jointly issued a circular, since September 15, China will adjust export part of the export tax rebate rate, the value added processing trade ban list.

   Information Office of the Ministry of Finance on the 14th said that the export tax rebate and processing adjustments to structural adjustment policies, the State Council this year, the implementation of macro-control policies taken comprehensive measures will be conducive to further optimize the industrial structure, promote the transformation of the mode of growth of foreign trade, and promote a balanced development of foreign trade.

   According to the "notice", China will abolish export part of the export tax rebate policy, including the import and export of goods related to Chapter 25 tax desalination, cement outside the category of all non-metallic minerals, coal, natural gas, paraffin, asphalt, silicon, arsenic, stone materials, non-ferrous metals and waste and 25 kinds of pesticides and intermediates, some of finished leather, lead-acid batteries. mercury oxide batteries; Hosoyama wool, charcoal, crosstie and cork products, part of primary wood products.

   In addition, some commodities, the export tax rebate rate will be lower. 142 categories of steel export tax rebate rate from 11% to 8% ceramics, part of finished leather, cement, glass, the export tax rebate rate from 13% to 8% or 11% of some non-ferrous metal materials, the export tax rebate rate from 13% to 5%, the lowest textiles, furniture, plastics, lighters, individual timber products, the export tax rebate rate to 11% from 13%, non-mechanically propelled vehicles (trolleys) and parts of the export tax rebate rate dropped to 13% from 17%.

   This restructuring will improve the export tax rebate rate for some commodities, including major technical equipment, some IT products and bio-pharmaceutical products as well as some of the state's industrial policy to encourage export of high-tech products and other commodities, the export tax rebate rate to 17% from 13% some processed agricultural products as raw materials, the export tax rebate rate by 5% or 11% to 13%.

   The "circular" clear, prior to the cancellation of export tax rebates and the elimination of export tax rebates included in the value of processing trade ban list. Contents included in the value of imports of processing trade ban will be charged import duties and import-related taxes.

   The "circular", the new policy since the September 15, 2006 implementation date. On September 14, 2006 (including on the 14th) before signing export contracts, in a December 14, 2006 (including on the 14th) before export declarations, the aforementioned adjustments to the export tax rebate rate goods, export enterprises can choose to adjustment prior to the export tax rebate rate for rebates.

   However, the notice provisions, exporters must be September 30, 2006 prior to the contract holder texts for export tax rebates and tax authorities to file delinquent record, and December 15, 2006 after the export declaration, will be adjusted in accordance with the implementation of the export tax rebate rate.