2024 Precious Metals Tariff Adjustment Plan


Release time:

25 Dec,2023

In order to fully, accurately, and comprehensively implement the new development concept, accelerate the construction of a new development pattern, and better fulfill the important functions of tariffs in coordinating domestic and international markets and resources, the Tariff Commission of the State Council has issued a notice on the "Tariff Adjustment Plan for 2024" in accordance with the "Regulations on Import and Export Tariffs of the People's Republic of China" and relevant provisions. Starting from January 1, 2024, adjustments will be made to the import and export tariffs of certain goods.

Dear member enterprises:

      In order to fully, accurately, and comprehensively implement the new development concept, accelerate the construction of a new development pattern, and better fulfill the important functions of tariffs in coordinating domestic and international markets and resources, the State Council Tariff Commission has issued the announcement on the "Tariff Adjustment Plan for 2024" in accordance with the "Regulations on Import and Export Tariffs of the People's Republic of China" and relevant provisions. Starting from January 1, 2024, adjustments will be made to the import and export tariffs of certain goods. The adjustment plan for the import tariffs of precious metal products is detailed in the table below:

Note:

1. The serial number in the table corresponds to the serial number in the "Implementation Tax Rate Table for Free Trade Agreements and Preferential Trade Arrangements."

2. The (%) in this table applies only to ad valorem duties.

3. The ex indicates that goods subject to provisional tax rates should fall within the range of the specified tariff number, based on the specific product description.

4. I have signed and implemented the full names (abbreviations) of the free trade agreements and preferential trade arrangements: "Asia-Pacific Trade Agreement" and related agreements (Asia-Pacific Agreement), preferential tax rates for Bangladesh and Laos (Asia-Pacific Preferences); "Framework Agreement on Comprehensive Economic Cooperation between the People's Republic of China and the Association of Southeast Asian Nations" and related agreements (ASEAN Agreement), preferential tax rates for Cambodia, Laos, and Myanmar (ASEAN Preferences); "Free Trade Agreement between the Government of the People's Republic of China and the Government of the Republic of Chile" and related agreements (Chile); "Free Trade Agreement between the Government of the People's Republic of China and the Government of the Islamic Republic of Pakistan" and related agreements (Pakistan); "Free Trade Agreement between the Government of the People's Republic of China and the Government of New Zealand" and related agreements (New Zealand); "Free Trade Agreement between the Government of the People's Republic of China and the Government of the Republic of Singapore" and related agreements (Singapore); "Free Trade Agreement between the Government of the People's Republic of China and the Government of the Republic of Peru" and related agreements (Peru); "Free Trade Agreement between the Government of the People's Republic of China and the Government of the Republic of Costa Rica" and related agreements (Costa Rica); "Free Trade Agreement between the Government of the People's Republic of China and the Swiss Confederation" and related agreements (Switzerland); "Free Trade Agreement between the Government of the People's Republic of China and the Government of Iceland" and related agreements (Iceland); "Free Trade Agreement between the Government of the People's Republic of China and the Government of the Republic of Korea" and related agreements (South Korea); "Free Trade Agreement between the Government of the People's Republic of China and the Government of Australia" and related agreements (Australia); "Free Trade Agreement between the Government of the People's Republic of China and the Government of Georgia" and related agreements (Georgia); "Free Trade Agreement between the Government of the People's Republic of China and the Government of the Republic of Mauritius" and related agreements (Mauritius); "Regional Comprehensive Economic Partnership Agreement" and related agreements (RCEP Japan, RCEP South Korea, RCEP Australia, RCEP New Zealand, RCEP ASEAN); "Free Trade Agreement between the Government of the People's Republic of China and the Government of the Kingdom of Cambodia" and related agreements (Cambodia); "Free Trade Agreement between the Government of the People's Republic of China and the Government of the Republic of Nicaragua" and related agreements (Nicaragua); "Goods Trade Agreement under the Arrangement for Closer Economic and Trade Relations between the Mainland and Hong Kong" (Hong Kong); "Goods Trade Agreement under the Arrangement for Closer Economic and Trade Relations between the Mainland and Macao" (Macao); relevant agreements across the Taiwan Strait (Taiwan).

 

 China Materials Recycling Association Precious Metals Working Committee

                                                                            December 25, 2023

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