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value added tax
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Huawei's Server Shipment to China to Reach a New Record High Due to Surging Demand in China, Says Trendforce
Sep 30, 2018According to the latest report by DRAMeXchange, a division of TrendForce, the Chinese market has witnessed a surging demand for servers in 2018. The number of servers shipped to China will increase by 23% YoY in 2018, and account for 25.6% ...
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China's Shagang Cuts Ferrous Scrap Buying Price
Nov 22, 2016Jiangsu Shagang Group, the largest ferrous scrap user in China, on Saturday cut its buying price of heavy melting scrap 6 millimeters and above thick of Yuan 30 to Yuan 1,770/mt, including 17% value-added tax, delivered to Zhangjiagang, ...
Tags: ferrous scrap, Steel
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Can India Tap Its Diamond Jewelry Potential?
Aug 15, 2016The India International Jewellery Show (IIJS), which took place in Mumbai this week, reflected a cautious local diamond and jewelry trade, even if sentiment was better than expected. Suppliers arrived with low expectations as a month-long ...
Tags: IIJS, Mumbai, diamond and jewelry trade, GJEPC, GST
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How Should China Cope with US Interest Rate Rise?
Jun 7, 2016A May 25 Bloomberg report said that Chinese officials plan to ask their American counterparts during the upcoming eighth round of the China-U.S. Strategic and Economic Dialogue about the chance of a Federal Reserve (Fed) interest rate ...
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China Alumina Stable After Holidays
May 4, 2016Maanshan Iron and Steel or Magang, the largest steelmaker in eastern China's Anhui province, on Monday announced it was cutting its ferrous scrap buying price by Yuan 30/metric ton ($5/mt), a company source said. The move followed the ...
Tags: Iron, Steel, steelmaker, ferrous scrap
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Tax Reform to Boost Vitality of Real Economy
Apr 4, 2016Chinese Premier Li Keqiang has urged solid efforts from the country's financial and taxation authorities to deliver the value-added tax (VAT) reform as part of efforts to invigorate the real economy during a visit to the State ...
Tags: Tax Reform, VAT
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China Extends Overseas Tourists Tax Refund Scheme to Six More Destinations
Dec 31, 2015China is going to include another six destinations in its tax rebate scheme for overseas visitors, with an aim to boost its inbound tourism and consumption. Foreign tourists visiting Liaoning, Anhui, Fujian, Sichuan, Tianjin and Xiamen ...
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VAT Reform Covers All Industries in 2016
Dec 29, 2015China's value-added tax reform is expected to be implemented across all industries next year. Business taxes in four sectors - finance, construction, property and consumer services - will be replaced by VAT. Business tax refers to a ...
Tags: VAT
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Eastern China Ferrous Scrap Stable on Rising Price
Dec 28, 2015After dropping for five consecutive weeks, ferrous scrap prices in eastern China remained stable for the second week following the recent increase in domestic rebar and seaborne iron ore prices. Platts assessed heavy melting scrap 6 mm ...
Tags: ferrous scrap, iron ore
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Shagang, Magang Cut Ferrous Scrap Buying Prices
Nov 17, 2015Jiangsu Shagang Group, China's biggest scrap buyer, cut buying prices Saturday for the raw material by Yuan 30/mt ($5/mt), in response to a slide in rebar prices, a company source said. After the adjustment, Shagang will pay Yuan ...
Tags: Ferrous Scrap, Rebar
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Grade B Ethanol Market Spotlight Turns on Pakistan as Brazil Remains Pricey
Nov 4, 2015Pakistan is set to regain ground in the Asian beverage-grade ethanol market amid recent surge in Brazilian ethanol -- the predominant source of grade B product currently, market sources said Tuesday. With several Pakistani sellers set to ...
Tags: freight rates, Grade B Ethanol, price
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2014 Business Review XXII: Innovate Support Policies to Promote Breakthroughs in Trade in Services
Oct 22, 2015In 2014, MOFCOM made active efforts to perfect the support policies system on trade in services, build a market environment of fair competition and raise trade in services into a new step. In 2014, China’s trade in services maintained ...
Tags: trade in services, bilateral cooperation, service outsourcing industry
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Bangalore to Complete LED Residential Lighting Upgrade by January 2016
Oct 14, 2015Bangalore (or also known as Bengaluru), the capital of India's southern Karnataka state will be rolling out a LED residential lighting replacement project by January, according to The Times of India and other Indian media. The roll out is ...
Tags: LED residential lighting, Bangalore, Government lighting project
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High-End Graphics Cards Become New Focus
Jul 31, 2015Graphics card players have recently started turning their focuses to mid-range and high-end graphics cards as related demand from enthusiast gamers continues to rise despite the fact that overall PC sales are still weak, according to ...
Tags: Graphics Cards, PC market
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No Change in Exemption From Excise Duty for Textile Goods
Jul 30, 2015There is no change in exemption from excise duty for textile goods as mentioned in central value added tax (CENVAT) Rules 2004, the Union Ministry of Finance has clarified. The Central Board of Excise and Customs (CBEC) had issued a ...
Tags: textile goods, textile industry