Abstract Recently, Quanzhou stone enterprises have received positive news as the import tax on marble and limestone is set to be reduced. Fujian Province, a major importer of stone raw materials in China, stands to benefit significantly from preferential tariff policies. This adjustment has helped ease the financial pressure on local companies and improved their product competitiveness in the market. According to customs data, this policy change is expected to bring substantial cost savings for businesses involved in stone imports.
Under the revised provisional tax rates issued by the General Administration of Customs in 2012, the tax rate for 47 imported goods has been adjusted compared to previous years. The new provisional rates are based on the Most-Favored-Nation (MFN) rate and represent further efforts to reduce import costs. For instance, dolomite with HS codes 25181000 and 25182000 now faces an MFN tariff of 3%, while the provisional rate has been lowered to just 1%. Since dolomite, marble, and limestone can all be used as construction materials, this tax reduction will have a direct impact on the industry. It is estimated that this policy could save over 10 million yuan annually for Quanzhou-based companies importing dolomite.
In 2012, the volume of stone imports at Xiamen Haicang Port reached a significant milestone, surpassing 3 million tons for the first time, reaching 3.6017 million tons—a 24.67% increase compared to the previous year. A total of 10,927 batches of stone were imported throughout the year, marking a 14.89% rise. Among these, marble accounted for nearly 80% of the total, with 2.871 million tons imported during the year. This trend highlights the growing importance of stone imports in the region and the potential benefits of ongoing tariff adjustments for local industries.
Under the revised provisional tax rates issued by the General Administration of Customs in 2012, the tax rate for 47 imported goods has been adjusted compared to previous years. The new provisional rates are based on the Most-Favored-Nation (MFN) rate and represent further efforts to reduce import costs. For instance, dolomite with HS codes 25181000 and 25182000 now faces an MFN tariff of 3%, while the provisional rate has been lowered to just 1%. Since dolomite, marble, and limestone can all be used as construction materials, this tax reduction will have a direct impact on the industry. It is estimated that this policy could save over 10 million yuan annually for Quanzhou-based companies importing dolomite.
In 2012, the volume of stone imports at Xiamen Haicang Port reached a significant milestone, surpassing 3 million tons for the first time, reaching 3.6017 million tons—a 24.67% increase compared to the previous year. A total of 10,927 batches of stone were imported throughout the year, marking a 14.89% rise. Among these, marble accounted for nearly 80% of the total, with 2.871 million tons imported during the year. This trend highlights the growing importance of stone imports in the region and the potential benefits of ongoing tariff adjustments for local industries.
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