China removes taxes targeted by WTO case

Dec 18, 2012 | 11:23 AM | None

Tags  china export taxes, coke, silicon, magnesium, manganese flake, China Department of Taxation, Ministry of Finance

SHANGHAI — China has apparently decided to heed a World Trade Organization (WTO) ruling by removing a range of raw material export taxes that were the target of a successful complaint.

None of the materials concerned—silicon, magnesium, manganese flake and metallurgical coke—were included in an updated schedule of customs tariffs for 2013 posted on the Chinese Ministry of Finance’s website Monday.

An official at the ministry’s taxation department told AMM sister publication Metal Bulletin that a 20-percent tax on manganese, a 15-percent tax on silicon and a 40-percent tax on metallurgical coke would be canceled as of Jan. 1. Local websites reported that taxes on all nine materials included in the WTO case would be repealed. These also include bauxite, zinc, fluorspar, silicon carbide and yellow phosphorus.....





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