On December 16, the Ministry of Finance of China published a list for import and export duty rates to be applied from 1 January 2015. |
Among these, there is no change in the export duty rates on ferroalloys, but as to import, the provisional duty rates on (1) High-carbon Ferro Chrome (HS code: 72024100) and (2) Ferro Nickel (HS code: 72026000) which were previously 1% became free of duty. However, the duty rate for most favoured nations remains at 2%. Besides, the import duty on (3) Ferro Titanium and Ferro Silico Titanium was abolished and eliminated from the list.
The changes in import duties to be applied from 1 January 2015 are as shown in Table 1 and the import and export duty rates on ferroalloys are as shown in Tables 2 and 3 respectively.