Import Tariffs On Daily Consumer Goods Began To Be Reduced In July 1st

- Jun 29, 2018-

Import tariffs on daily consumer goods began to be reduced in July 1st

Announcement of the Customs Tariff Commission of the State Council on lowering import tariffs on consumer goods

Tax Commission announcement [2018] No. 4

In order to further meet the needs of the people's better life, promote the structural reform of the supply side and expand the opening up actively, since July 1, 2018, the most favored nation tax rate of some imported consumer goods has been reduced, and 1449 tax items are involved. Since the most favoured nation tax rate adjustment, since July 1, 2018, the 210 most favored nation tariff rates for import commodities have been abolished, and the rest of the MFN provisional tariff rate continues to be implemented. The readjustment of specific tax and tax rates is attached to the annex.

This is hereby announced.

Quick reading:

Further lowering import tariffs on consumer goods is conducive to opening wider to the outside world and meeting the needs of the masses.

Since July 1st this year, the average tariff rate of import duty on clothing, shoes, hats, kitchens and sports fitness products has decreased from 15.9% to 7.1%.

The average tariff rate of import tariffs on washing machines, refrigerators and other household appliances dropped from 20.5% to 8%.

The average tariff rate of imported products such as aquaculture, fishing aquatic products and mineral water will be reduced from 15.2% to 6.9%.

The average tariff rate of washing products and skin care, hair salons and other cosmetics and some medical and health products decreased from 8.4% to 2.9%.

The departments concerned should implement the tax reduction measures to prevent the increase of profit from intermediate links and benefit the consumers and promote the competitiveness of domestic industries.