The Administration of Taxation of Ministry if Finance of the People’s Republic of China published a new policy about the export tax rebate rates of partial steel products. Starting from May 1, 2021, the tax rebate for export of some steel products will be cancelled. The specific execution time shall be defined by the date of export indicated on the customs declaration form of export goods. To be honest, it is really a very important event for steel industry. Because the export tax rebate is the actual profit for most of steel products manufacturer. Currently it is still not sure what impact will be brought by this policy, but one thing is specific that the orders have been issued and is being produced but the export day is in May the tax rebate surely will be not available.
Below is the list of steel products to cancel the export tax rebate, and red parts are the related our products, steel pipes, pipe fittings and flanges.
