Chinese Chinese English English
News Center
Home:News Center

Adjust the proportion of tax on imported cotton in China

Published Time:2011.12.20 News source:DANYANG SHUANGCHENG MICRO-FIBRE WARE CO.,LTD. Views No.

Impose a maximum tariff of 40 percent, from 11,397 yuan / ton to 14,000 yuan / ton, the China Cotton Association said according to the highest price of imported cotton. The import price is higher than 14,000 yuan / ton, will be levied in accordance with the unified tax rate of 570 yuan / ton.

Nanhua Futures analyst Fu Xiaoyan in Hangzhou, said by telephone: "The revision in part to ensure that cheap imports do not compete with the local cotton, This is because imports of cotton than the locally produced cotton is cheaper.

The Zhengzhou Commodity Exchange, 10:19 local time, the cotton futures prices for delivery in May rose by 1.4 percent, to 20,650 yuan / ton. Interstate in New York Futures Exchange, the price of cotton for March delivery rose 1.4 percent, to 86.29 cents / lb.

China's cotton imports reached 378,200 tons in November, almost three times that of a year ago.

This paper is divided 1 Page
Add:Danyang Development Zone Yongan Industrial Park, Unicorn Road, on the 4th Tel:0086-511-88039211