GAC: implementation of the tentative tariff adjustment 2020

According to the notice of the Tariff Commission of the State Council on the adjustment plan of the provisional import tariff rate in 2020 (SWC [2019] No. 50), on December 31, the General Administration of Customs issued the implementation of the tentative tariff adjustment 2020, which will be adjusted from January 1, 2020: 1. MFN tax rate. From January 1, 2020, 859 commodities (excluding tariff quota commodities) will be subject to the provisional import tax rate; from July 1, 2020, the provisional import tax rate of 7 information technology products will be cancelled.  The fifth step of tax reduction shallRead More →

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