Jun 2, 2011 |en.sxcoal.com
China may lower the value-added tax and port charges on imported coal to encourage coal imports, Tencent Finance reported, citing officials from the National Development and Reform Commission.
"Relevant government departments are studying adjustments of VAT and port charges relating to coal imports," officials with the NDRC told reporters during a meeting on energy supplies on Jun 1.
Currently, the Chinese government levies 17% VAT on coal imports, which was adjusted up from 13% since Jan 1, 2009.
Port charges for coal imported at Chinese ports range from 30-40 yuan/t, with Guangzhou port at 38.5 yuan/t, and Shanghai port at 32.5 yuan/t, showed data from industry portal China coal Resource (http://en.sxcoal.com).
To encourage coal imports, China has been implementing zero import duty since 2009.
Subscribe to:
Post Comments (Atom)
Posts
No comments:
Post a Comment