Home / Knowledge / News / Textiles / Import & export tariff rate for June, announced!
Import & export tariff rate for June, announced!
27
May '08
According to the Bank of China (BOC), one US Dollar was converted into 6.9597 Yuan by RMB exchange rate during the transactions on May 21, 2008. Thus, the tariff rate on import and export goods in June 2008 will be calculated as US $1 = 6.9597 Yuan.

According to the new 2008 slide tariff policy, the Zero Point of dutiable tariff price for fixed amount of cotton imports under specific duty/specific tariff will be at 74.20 cents per lb.

In accordance with the No. 53 Notice, announced on October 31, 2005, by the General Administration of Customs, the applicable exchange rate of tax levied on imports and exports in the current month will be the foreign exchange conversion price of the BOC on the third Wednesday of the previous month. If the third Wednesday is a statutory holiday then it will be postponed to the fourth Wednesday.

Among them, the conversion prices of RMB against the Hong Kong Dollar, the Dollar, Yen and the Euro are same with the previous day's closing price announced by the People's Bank of China (PBC).

The PBC announced that China started a floating exchange rate system since 19:00 of July 21, 2005. the trade price of US Dollar against the RMB on the same day was adjusted as one US Dollar to 8.11 Yuan.

Fibre2fashion News Desk - China


Must ReadView All

Textiles | On 27th Jun 2017

Govt defers tax deduction at source provision under GST

E-commerce players in India will not be required to deduct tax on...

Apparel/Garments | On 27th Jun 2017

Future Group aims Rs 12,000 crore in fashion business

Future Group, which runs retail stores across India under various...

Textiles | On 27th Jun 2017

AEPC & NSDL to help exporters with GST compliances

Apparel Export Promotion Council (AEPC) and National Securities...

Interviews View All

Jim Desai
Blaiva Fabricaa

Fashion industry likely to remain labour-intensive in coming years

Karan Toshniwal
Orange O Tec

Contemporary industry is paying more and more attention to the...

Siddharth Biyani
Mangalam Industries Pvt Ltd

‘The manufacturing sector is improving day-by-day, becoming better in...

Kerem Durdag
Biovation II LLC

Kerem Durdag, CEO, Biovation II LLC, provides an insight into future...

Steve Cole
Xerium Technologies

Steve Cole of Xerium Technologies discusses the industry. Xerium is the...

Urs Stalder
Sanitized AG

Urs Stalder, CEO, Sanitized AG, talks about the increasing use of hygiene...

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

news category


Related Categories:
July 2017

July 2017

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

SUBSCRIBE


Browse Our Archives

GO


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search