Home / Knowledge / News / Textiles / Import & export tariff rate for June, announced!

Import & export tariff rate for June, announced!

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

Interviews View All

DK Sharma, Velocity Apparelz

DK Sharma
Velocity Apparelz

We constantly communicate with employees at all levels

Rajiv Sirohi, Shara

Rajiv Sirohi

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

Viral Desai, Zenitex Mill Pvt Ltd

Viral Desai
Zenitex Mill Pvt Ltd

Full of green energy

Matthias Eilert,

Matthias Eilert

Germany-based Forbo Movement Systems division is a global leader in...

Milva Morani,

Milva Morani

Brighi Technologies began in 1970 with trading and repairing sewing...

Hans Gerhard Wroblowski,

Hans Gerhard Wroblowski

Germany's Monforts is a leading manufacturer and exporter of textile...

Marcel Alberts, Eurofibers

Marcel Alberts

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

Ayyappa Nagubandi, Broadcast Wearables Pvt Ltd

Ayyappa Nagubandi
Broadcast Wearables Pvt Ltd

Hyderabad-based Broadcast Wearables has come up with the country's first...

Dave Rousse, INDA

Dave Rousse

INDA, the Association of the Nonwoven Fabrics Industry, serves hundreds of ...

Aneeth Arora, Péro

Aneeth Arora

The Woolmark Company has partnered with handmade fashion label Péro and...

Silvia Venturini Fendi, Fendi s.r.l

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

Joe Ikareth, Joe Ikareth

Joe Ikareth
Joe Ikareth

<b>Joe Ikareth</b> has a rock-solid fashion and textiles background, which ...

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


Leave your Comments

November 2019

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

Follow us on instagram


Follow Fibre2Fashion On

Advanced Search