News
Cheap Chinese imports hurt SMEs
16/06/2009
Anti-dumping duty imposed on compact discs-recordable
16/06/2009
The Indian government has taxed an additional duty of up to $63.84 on imports of every 1000 pieces of CD-R (compact disks-recordable) from the nations Malaysia, UAE, Vietnam, Thailand, Korea and Iran. The Indian Finance Ministry has declared in a notification that it will be enacting a toll ranging from $17.52 to $63.84 per 1000 pieces of CD-R.
New China Export Rebate Sure to Fuel the Trade Wars
15/06/2009
The trade wars continue to rage on as China has just offered a new 9 percent VAT rebate for flat-rolled steel products and hot rolled ferro-alloy products starting June 1, according to this article. The tax changes extend beyond steel to include more than 600 items according to this report. These changes were implemented as part of an overall Chinese economic recovery plan.
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