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China Removes VAT Rebate on Certain Steel Exports
China Removes VAT Rebate on Certain Steel Exports
Effective May 1, 2021, a 13% VAT rebate no longer applies to many steel products upon their exportation from China.
146 products are impacted by these new regulations, including but not limited to pig iron, seamless and ERW pipes, wired rods, rebar, alloy, and stainless bards and rods, cold-rolled steel, hot-rolled coils, hot rolled steel, as well as structural and flat products.
This change in export policy coincides with reductions on import tariffs for such steel items as billets, pig iron, crude steel, and recycled steel raw materials.
The Chinese government appears to feel that decreasing import duties and increasing export costs should help the domestic steel industry scale back on the production of crude steel. With the end goal of reducing carbon emissions while promoting high-level development of the Chinese steel industry.
HTS Numbers With Canceled Export VAT Rebates:
72052100 |
72191429 |
72223000 |
72288000 |
73043110 |
73061900 |
72092500 |
72192100 |
72224000 |
72292000 |
73043120 |
73062100 |
72092600 |
72192200 |
72230000 |
72299010 |
73043190 |
73062900 |
72092700 |
72192300 |
72253000 |
72299090 |
73043910 |
73063011 |
72092800 |
72192410 |
72254010 |
73011000 |
73043920 |
73063019 |
72099000 |
72192420 |
72254099 |
73012000 |
73043990 |
73063090 |
72101100 |
72192430 |
72259910 |
73023000 |
73044110 |
73064000 |
72102000 |
72193100 |
72259990 |
73024000 |
73044190 |
73065000 |
72104100 |
72193210 |
72262000 |
73029010 |
73044910 |
73066100 |
72105000 |
72193290 |
72269110 |
73029090 |
73044990 |
73066900 |
72106900 |
72193310 |
72269199 |
73030010 |
73045110 |
73069000 |
72107010 |
72193390 |
72269200 |
73030090 |
73045120 |
73071100 |
72107090 |
72193400 |
72269910 |
73041110 |
73045190 |
73071900 |
72109000 |
72193500 |
72269920 |
73041120 |
73045910 |
73072100 |
72124000 |
72199000 |
72269990 |
73041130 |
73045920 |
73072200 |
72141000 |
72201100 |
72271000 |
73041190 |
73045990 |
73072300 |
72172000 |
72201200 |
72272000 |
73041910 |
73049000 |
73072900 |
72173010 |
72202020 |
72279090 |
73041920 |
73051100 |
73079100 |
72173090 |
72202030 |
72281000 |
73041930 |
73051200 |
73079200 |
72191100 |
72202040 |
72283090 |
73041990 |
73051900 |
73079300 |
72191210 |
72209000 |
72284000 |
73042210 |
73052000 |
73079900 |
72191290 |
72210000 |
72285000 |
73042290 |
73053100 |
|
72191319 |
72221100 |
72286000 |
73042310 |
73053900 |
|
72191329 |
72221900 |
72287010 |
73042390 |
73059000 |
|
72191419 |
72222000 |
72287090 |
73042400 |
73061100 |
These import and export changes will impact many companies, their landed cost, and their pricing to their customers. If you have any questions on how these regulations may affect you, please contact Allyn at sales@allynintl.com