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'Widen tax rebate for exports' call
By Zha Minjie |
November 30, 2012, Friday
|
Print Edition
Print Edition
CHINA'S inland port authorities are calling for an export tax rebate policy to be extended to cover more goods that are to be exported.
The rebate policy has been on trial for three months between Shanghai, Wuhan in Hubei Province and Qingdao in Shandong Province. Exports using the Yangshan Deep-water Port in Shanghai as a transfer hub will be eligible for the tax rebate at their departure ports.
Under the policy, exporters will be able to get the tax rebate as soon as the goods leave their departure ports bound for Yangshan port.
By the end of October, more than 3,000 TEUs (twenty-foot equivalent units) worth more than US$200 million from Wuhan have been covered under the policy, customs said.
Shipping companies are hoping that more of them will be able to benefit from the policy.
The rebate policy has been on trial for three months between Shanghai, Wuhan in Hubei Province and Qingdao in Shandong Province. Exports using the Yangshan Deep-water Port in Shanghai as a transfer hub will be eligible for the tax rebate at their departure ports.
Under the policy, exporters will be able to get the tax rebate as soon as the goods leave their departure ports bound for Yangshan port.
By the end of October, more than 3,000 TEUs (twenty-foot equivalent units) worth more than US$200 million from Wuhan have been covered under the policy, customs said.
Shipping companies are hoping that more of them will be able to benefit from the policy.
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