Export tariff, is the customs duty levied by the customs of the exporting country on the exported goods according to the tariff code.
Calculation formula:
1. FOB price
Export tariff = FOB/(1+export tariff rate)Xexport tariff rate
2. CIF price
Export tariff = (CIF-insurance-freight)/(1+export tariff rate)Xexport tariff
3. CFR price
3. >
Export Tariff = (CFR-Freight)/(1+Export Tariff Rate)XExport Tariff Rate
Import tariffs are duties levied by a country's customs on imported goods and articles. Transit tariffs are no longer used by countries and export duties are rarely used. What is commonly referred to as a tariff is primarily an import tariff. The imposition of import tariffs increases the cost of imported goods, raises the market price of imported goods, and affects the quantity of foreign goods imported. Therefore, countries use the imposition of import tariffs as a means of restricting the import of foreign goods. The appropriate use of import tariffs can protect the country's industrial and agricultural production, but also as an economic lever to regulate the country's production and economic development.
After the Customs Tariff Commission of the State Council studied and proposed and reported to the State Council for approval, since June 1, 2015, China will reduce the import tariff rates of some daily-use consumer goods such as clothing, shoes and boots, skin care products, diapers, etc., with an average reduction of more than 50%. [1]?
On November 24, 2017, after the State Council Tariff and Taxation Commission deliberated and passed, and reported to the State Council for approval, China will adjust the import tariffs on some consumer goods, starting from December 1, 2017 to implement. The further reduction of import tariffs on consumer goods, the scope covers food, health care products, medicines, daily necessities, clothing, footwear and hats, household equipment, culture and entertainment, daily miscellaneous goods and other types of consumer goods, *** involving 187 8-digit tax code, the average tax rate from 17.3% to 7.7%.