China's seventh increase in export tax rebate rate

Adjustment is divided into five grades, the drawback rate from 5% to 17% according to the Xinhua News agency, Beijing, June 8 (reporter Han Jie rosen) reporter 8th from the Ministry of Finance learned that, with the approval of the State Council, China from June 1 onwards to further improve the export rebate rate of some goods.　　The adjustment is divided into five grades, involving agricultural deep-processing, electromechanical, shoes and hats, glass products, steel products and other types of processing manufacturing products, adjusted export rebate rate from 5% to 17%. Under the notice of the Ministry of Finance and the State administration of taxation, since June 1, television use of sending equipment, sewing machines and other merchandise export tax rebate rate increased to 17%; canned, fruit juices, Sans and other agricultural deep-processing products, electric gear pumps, semi-trailer and other mechanical and electrical products, optical components and other instrumentation, insulin preparations and other drugs, bags, shoes, hats, umbrellas,　　Hair products, toys, furniture and other goods export tax rebate rate increased to 15%.　　In addition, some of the plastic, ceramics, glass products, some aquatic products, turning tools and other goods export tax rebate rate increased to 13%; alloy steel, steel structure and other products such as steels, scissors and other products, such as iron Export tax rebate rate increased to 9%; corn starch, alcohol export tax rebate rate increased to 5%.　　The two departments said that the adjustment of the export tax rebate rate of the specific implementation time, "Export goods declaration (exclusive export tax refund)" customs indicated by the date of export prevail. This is the seventh time since August 2008 that the Chinese government has raised its export tax rebate rate.