Home / Knowledge / News / Textiles / China's sliding-scale tariff for cotton imports in 2014
China's sliding-scale tariff for cotton imports in 2014
Dec '13
China’s Ministry of Finance has announced the sliding-scale tariff plan for import of cotton in 2014.
The tariff, applicable for cotton imports excluded from volume under import quotas, is as follows:
a. If the cotton import quoted price equals or exceeds 15,000 yuan per ton (equivalent to 110.98 US cents per lb based on US$/RMB exchange rate of 6.1305), the unit tax of 570 yuan per ton will be applicable.
b. If the price of imported cotton is below 15,000 yuan per ton, the sliding-scale tariff rate will be calculated according to the formula: Ri = 9.337/Pi +2.77 %×Pi -1 (Ri<=40 %); where Ri = sliding scale tariff rate (the calculation shall be rounded off at the third decimal place), and Pi = imported cotton quoted price (in yuan/kilogram).
Compared with the 2013 sliding-scale tariff, there are three modification made in the 2014 plan. First, the threshold of sliding-scale tariff has been raised from 14,000 yuan per ton to 15,000 yuan per ton. Second, in the formula 9.337 replaces 8.87 used in the previous formula. Third, 2.908% in the previous formula is replaced with 2.77% in the new formula.

Fibre2fashion News Desk - India

Must ReadView All

Textiles | On 25th Oct 2016

Arvind to dilute 10% stake in brand business arm

Arvind Limited, one of India’s largest integrated textile and apparel ...

Courtesy: Commonwealth Bank of Australia

Textiles | On 25th Oct 2016

World’s first cotton shipment using Skuchain’s Brackets

The world’s first trade transaction involving shipment of cotton...

Textiles | On 25th Oct 2016

Cotton yield to increase to 568.29 kg/ha in 2016-17: CAB

At its first meeting for the cotton season 2016-17, the Cotton...

Interviews View All

Nitin Soni
Dolphin Jingwei Machines

Taxation policies need to be made simpler

Rajiv Sirohi

‘Portugal is taking away a major share of the mill made sector.’

Dinaz Madhukar
DLF Emporio and DLF Promenade

‘Each event and promotion is planned out keeping in mind the business of...

Giorgio Mantovani
Corman S.p.A

Giorgio Mantovani, MD of Corman, with a presence in both Milano and New...

Mohammad Hassan
Biax Fiberfilm

About one in every 20 patients picks up an infection while hospitalised....

Marcel Alberts

Coating at a fibre level is a practice not usually seen in the...

Ritu Kumar
Label Ritu Kumar

‘Classics will return’ "There are a lot of people wearing western clothes ...

Tony Ward
Tony Ward

"You have to truly understand what your client wants, know her needs, what ...

Pranav Mishra

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies

October 2016

October 2016

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.


Browse Our Archives


Advanced Search