New Ferrosilicon and Ferrochrome Export Duty from 1st May 2021

  • Wednesday, April 28, 2021
  • Source:ferro-alloys.com

  • Keywords:China, ferrosilicon, export tariff rate
[Fellow]New Ferrosilicon and Ferrochrome Export Duty from 1st May 2021
[Ferro-Alloys.com] 28th April 2021, Ministry of Finance of People's Republic of China released an announcement of adjusting tariff duty of some steel products,
From 1st, May, 2021, the export tariff duty of ferrosilicon and ferrochrome adjusted from 1st May 2021.
 
No ex① HS Code② Commodity Tariff Duty Now Implemented export
duty from 1st May 2021 
Customs Export Duty(%) Tentative Tariff Export Duty (%) Customs Export Duty(%) Tentative Tariff Export Duty (%)
1 ex 72011000 Hi-purity iron (Mn<0.08%,P<0.03%,S<0.02%,Ti<0.03%) 20 10 20 15
2   72022100 Ferrosilicon (Si>55%) 25 20 25  
3   72022900 Ferrosilicon (Si≤55%) 25 20 25  
4   72024100 Ferrochrome (C>4%) 40 15 40 20
5   72024900 Ferrochrome(C≤4%) 40 15 40 20
ex①  Represent that commodities for implementing a tentative tariff duty should be within the scope of the tax number.
HS Code②  Represent the "Tax of the People's Republic of China Import and Export Tariff Duty (2021)". 

While the ferrochrome(HS 72024900) imported tariff duty is Zero from 1st May 2021.

For the full details of ferroalloys import and export duty iinformations released in the end of 2020, please click here.

  • [Editor:kangmingfei]

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