Import and export tax rates are readjusted, leather and footwear companies should pay attention

by:JIYALI     2021-08-03
Starting from New Year's Day, the state has once again adjusted the import and export tariffs, lowering the import tax rate of some commodities, and increasing and raising the temporary export tariffs of some products. Wenzhou Customs reminded that this adjustment will have a certain degree of impact on enterprises in our city, especially footwear enterprises. In terms of imports, the most-favored nation tax rate for plastic particles such as polyethylene and polyvinyl chloride has been reduced from the original 7.6% to 6.5%. Imports of certain plastic products such as polyethylene and polystyrene from Asia-Pacific trade agreement countries enjoy greater preferential treatment The tax rate is beneficial to related enterprises in our city to reduce the cost of imported raw materials. For Wenzhou shoe companies, it is particularly important to note that the tax items of shoes and boots including leather uppers have been re-adjusted. The customs reminds relevant companies to pay attention to the import and export declaration and processing trade manual filing. The classification according to the length of the shoe insole has been added below. Enterprises should pay attention to this change when reporting.
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