Home / Knowledge / News / Textiles / Export tax rebate of T&G sector to increase from April
Export tax rebate of T&G sector to increase from April
Mar '09
Premier Mr Wen Jiabao chaired an executive meeting of the State Council on March 25. The meeting examined and approved in principle the views of all, on speeding up the development of Shanghai's modern service industry and advance manufacturing activities as well as build an international financial center and a big modern port.

The meeting also decided that from April 1, 2009 onwards, the state will increase export tax refund rates for textiles, garments, light industry, iron and steel, nonferrous metals, petrochemicals and electronic information products, but the meeting did not announce the specific increase of the export tax rebate rate.

According to export data released by the General Administration of Customs, in February, China's exports dropped 25.7 percent from the same period last year. The export figures have not only declined for four consecutive months, but also set the largest one-month drop in history from the Chinese export industry.

In January and February, China's foreign trade which includes imports and exports registered US $266.77 billion, a year-on-year decrease of 27.2 percent. Of this exports touched $155.33 billion, down 21.1 percent and imports $111.44 billion.

Beginning from the second half of 2008, the Chinese government has increased export tax rebate rate on five separate occasions and the latest to take place in April, will be the sixth adjustment. According to government sources, export tax rebate rate for textile and garment is very likely to increase to 17 percent.

Fibre2fashion News Desk - China

Must ReadView All

Courtesy: Applied DNA Sciences

Apparel/Garments | On 24th Feb 2017

SigNatureT DNA can help prevent apparel counterfeiting

SigNatureT DNA is forensic molecular tag by Applied DNA Sciences...

Textiles | On 24th Feb 2017

Pakistan's textile exports down 1.54% in July-Jan FY17

The value of textile and garment exports made by Pakistan decreased...

Courtesy: The Irish News/Christian Cowan (Google)

Fashion | On 24th Feb 2017

Google & Christian Cowan create 'really blue' jeans

Google has partnered with British fashion designer Christian Cowan to ...

Interviews View All

Nuno Venda

‘There has been an increase in demand for water based inks, rather than...

C Kamatchisundaram

ITME is an occasion not only to receive new leads but also to work on...

Md Hanifur Rahman
Aman Group

The level of understanding the job role and organisational requirements...

Mohammad Hassan
Biax Fiberfilm

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

Kai Poehler
Voith Paper GmbH & Co. KG

The glass mat industry is growing by five to eight per cent annually. Kai...

Giorgio Mantovani
Corman S.p.A

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

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

Sonam & Paras Modi

Sonam and Paras Modi's Sva Couture is synonymous with head-turning...

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

February 2017

February 2017

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


Browse Our Archives


Subscribe today and get the latest News update in your mail box.
Advanced Search