[Minor metal] Summary of Imp/Exp Tariffs Adjustments of Cobalt Products

SHANGHAI, Dec. 18 (CBI China) -- The official website of the Ministry of Finance issued the "Notice of Customs Tariff Commission of the State Council on the tariff implementation plan in 2009 ". According to the Notice, cobalt oxide and hydroxide with the tax code 28,220,090; the provisional export tax rate of cobalt oxide products is 10% in 2009. There is no tax adjustment for with tax code 28,220,090 in the new tariff implementation plan, which means that the government changed the national tariff implementation on November 13th in which the provisional were set by 10%, as a result, the export tariffs of cobaltosic oxide will remain 13%. 

    In addition, as to the import tax rate, the import tariffs of cobalt carbonate, lithium cobalt, cobaltosic oxide and commodity cobalt oxide have dropped from 5.5% to 2%. The import tariffs of the intermediates of hydrometallurgy cobalt, cobalt matte and smelting products have dropped from 4% to zero.

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