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NOTICE OF THE GENERAL ADMINISTRATION OF CUSTOMS REGARDING IMPORTED STEELS TAXATION |
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(No. 128 [2002] of the General Administration of Customs promulgated on May 24, 2002) |
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SUBJECT : STEEL IMPORT; TAXATION |
ISSUING DEPARTMENT : GENERAL ADMINISTRATION OF CUSTOMS OF THE PEOPLE'S REPUBLIC OF CHINA |
ISSUE DATE : 05/24/2002 |
IMPLEMENT DATE : 05/24/2002 |
LENGTH : 236 words |
TEXT : |
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It is provided for by the Notice of the General Administration of Customs on Transmitting the "Notice of the State Council on Improving the Administration of Steel Import" (No. 579 [1994] of the General Administration of Customs) that from September 11, 1994, customs duty and value-added tax on importation shall be levied on the imported steels in frontier trade, barter trade, and donations at the legal tax rates.
From February 1, 2002, the import of important industrial products shall be subject to the Detailed Rules for the Implementation of the Administration of Automatic Import Licenses for Important Industrial Products jointly formulated by the State Economic and Trade Commission and the General Administration of Customs (Order No. 26 by the State Economic and Trade Commission and the General Administration of Customs). After having negotiated with and having got the consent of the State Economic and Trade Commission, we hereby give our notice on the issue of taxation on imported steels as follows:
From June 1, 2002, with respect to the steels imported through frontier trade, barter trade or donations, the scopes for the levy of tax at the legal tax rates shall be uniformly in compliance with the scope of the steels listed in the "Catalogue of the Tax Numbers on the Administration of Automatic Import License for Important Industrial Products". The tax amount that has been levied prior to the said date shall not be adjusted.
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