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New Ferrosilicon and Ferrochrome Export Duty from 1st May 2021

• Thursday, April 29, 2021
• Source:ferro-alloys.com

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• Keywords:ferrochrome,ferrosilicon, export tariff duty

[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.

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• [Editor:tianyawei]