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FORUM - Taxation & Insurance

Taxes and Duties on scrap metal imports to China

Ahmed Ismail

15 Nov 2007 10:33

1

I would like to know the tax rates and duties for importing the following scrap metals into China: 1. old mixed aluminum 2. hms no. 1 steel 3. hms no. 2 steel 4. mixed non magnetic stainless scrap 5. 309 stainless steel 6. 310 stainless steel 7. 316 stainless steel 8. 321 stainless steel 9. 330 stainless steel
Post 1 of 7
Moderator

26 Nov 2007 11:21

China import duty rates for aluminum scraps (HS 76020000) are 1.2%; stainless steel scraps (HS 72042100) zero percent. VAT of 17% will be applied to all these imports.
Post 2 of 7
Alan Morgan

16 Aug 2011 12:59

Is the VAT refundable to the importer ?

Post 3 of 7
*Indonesia: An Economic Powerhouse in ASEAN* recommended by HKTDC
Moderator

30 Aug 2011 17:21

Exporters of goods produced in China with raw materials and components that incurred in payment of input VAT are eligible for VAT refund. However the current Chinese VAT refund system disallows full payment of input VAT. Also there are many other complications regarding the refund system. Please check here if you want to pursue further information. 

Post 4 of 7
JASPAL

07 Jan 2012 11:21


appreciate update on the followings:





by Ahmed Ismail - 15 Nov 2007 10:33
I would like to know the tax rates and duties for importing the following scrap metals into China: 1. old mixed aluminum 2. hms no. 1 steel 3. hms no. 2 steel 4. mixed non magnetic stainless scrap 5. 309 stainless steel 6. 310 stainless steel 7. 316 stainless steel 8. 321 stainless steel 9. 330 stainless steel
Post 5 of 7
Moderator

11 Jan 2012 10:31

China import duty rates for aluminium scraps (HS 76020000) and stainless steel scraps (HS 72042100) are zero in 2011. VAT 17% will be levied.

Post 6 of 7
Moderator

11 Jan 2012 10:31

China import duty rates for aluminium scraps (HS 76020000) and stainless steel scraps (HS 72042100) are zero in 2011. VAT 17% will be levied.

Post 7 of 7
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