China to Impose Coal Import Duties

  • Wednesday, October 08, 2014
  • Source:ferro-alloys.com

  • Keywords:coal,China,import duty,import tariff
[Fellow]Tariffs of 3 per cent on anthracite and coking coal(HS code 27011100), 5 per cent on briquettes (HS code 27011900 and 27012000) and 6 per cent on other coals (HS code 27011210 and 27011290) were announced by the finance ministry on Oct 8th

China is to apply import duties on coal from October 15 2014 in an effort to prop up its domestic coal industry, which is suffering from slumping prices, heavy debts and new domestic capacity.

Tariffs of 3 per cent on anthracite and coking coal(HS code 27011100), 5 per cent on briquettes (HS code 27011900 and 27012000) and 6 per cent on other coals (HS code 27011210 and 27011290) were announced by the finance ministry on Oct 8th, reinstating duties that were scrapped in 2007 when coal demand was soaring.

  • [Editor:Yueleilei]

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