BREAKING NEWS: China cancels steel export tax rebates
Beijing has decided to remove the export tax rebates on 146 kinds of steel products commencing May 1, according to an April 28 joint announcement from China's Ministry of Finance and State Taxation Administration.
After the long wait and market speculation, China's governing bodies have finally announced the list of the steel products that will no longer enjoy any tax rebates when exporting, and the new measure will be applied to any Customs declaration forms that are dated on May 1 and afterwards, the joint statement explained briefly.
Fortunately, the core titanium products of Jiangsu Votti are not involved, including titanium seamless pipe, titanium welded pipe, titanium flange, titanium forging, titanium plate and titanium bar, etc.
