Starting Jan 1,2014, China will apply provisional annual tax rates lower than the most fvored nation tariff rates for 767 imported goods, according to the Tariff Implementation Plan for 2014 issued by the Tariff Policy Committee of the Stae Council, Beijing News reported. The preferential margin for these rates is up to 60% on average. The provisional import tax rates on some infant formula porducts have been reduced.
Written by Dora Men