Home»Trade Essentials» [Export Tax Rebate] What are the tariff policies of the country of destination for imported goods?
Relevant Introduction
Currently, as transit tariffs are no longer used worldwide and export taxes are rarely applied, import tariffs have come into the spotlight. Essentially, this is a case of old wine in a new bottle, where import tariffs replace the previous transit tariffs. Imposing import tariffs often increases the cost of imported goods, raises their market prices, and consequently affects the volume of foreign goods imported.
Goods Eligible for Tariff Exemption or Reduction
Advertising materials and samples of no commercial value;
Materials donated without compensation by foreign governments or international organizations;
Goods damaged before customs release;
Items within specified limits, etc.
Import Tariff Collection Standards:
For materials imported for processing and processing with supplied materials, where the processed and assembled electromechanical products are re-exported, a levy of 1.5‰ of the CIF value of the goods as determined by customs shall apply;
For advanced technology equipment introduced in processing with supplied materials, as well as raw materials and parts imported for processing jewelry, fur, high-end clothing, knitted sweaters and sweater pieces, and plastic toys, a levy of 1‰ of the CIF value of the goods as determined by customs shall apply;
For goods imported and stored under bond for 90 days or more without processing before re-export, a levy of 1‰ of the dutiable value shall apply;
For duty-free imported goods, a levy of 3‰ of the CIF value of the goods as determined by customs shall apply;
For imported goods with reduced tariffs, a levy of 3‰ of the CIF value of the portion of the goods with reduced tax shall apply;
For other bonded imported goods, a levy of 3‰ of the CIF value of the goods as determined by customs shall apply.
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