China to scrap coal import tax

Print this page Posted on : 12-27-2007 by recycleinme.com

China will remove import duties on alumina, refined copper, coal and primary aluminium to help meet increasing demand to home, the finance ministry said on Wednesday. Export taxes on semi-finished steel products will be raised to as high as 25 per cent and a 15 per cent export tax will be imposed for some stainless steel in an effort to cool investment in the steel sector. It will also increase the export tax on low-grade zinc to 15 per cent. The new tax policy will take effect on Jan 1, said the ministry.

Source : Business Line