China adds 44 more items to tariff list

BEIJING: Chinese Finance Ministry today announced its Tariff Implementation Plan for 2013 adding 44 new items to tariff taxes concerning a number of exports and imports.

The number of items to be taxed in 2013 has reached 8,238, after the addition of 44 for the new year, state-run Xinhua news agency reported.

The newly added items include seasoning products, pacemakers and special-formula infant milk powder.

The new tariff plan will be implemented by the General Administration of Customs on January 1, 2013, the Finace Ministry statement said noting that Cabinet has approved the plan after deliberation by a special committee.

In order to meet domestic demand, China will implement temporary tax rates lower than the most favourable national tariff on more than 780 imported commodities next year.

And the country will continue to levy temporary tariffs on exports including coal, crude oil, chemical fertilizer and iron alloy in 2013, the statement said.