The State Administration of Taxation (SAT) and Ministry of Finance (MOA) publish a new policy on the official website that 40 export products' tax refund has cancelled from 2008-8-1 ; it means these products' tax refund has been adjusted from 5% to 0%. Dicofol, warfarin, methomyl, thiodicarb, carbofuran, acephate and other agrochemicals are in the list. These agrochemicals is “high-polluting, high environmental risk” products, The State Environmental Protection Administration of China has urged SAT and MOA removed export tax rebates for the listed products and ban the processing trade (refer to Psyche news on 2008-3-7 ). We estimate this adjustment could make a 6% rise of export price to these products at least.
name of products
1 dicofol, chlorobenzilate, bromopropylate
2 sodium diphacinone, diphacinone, chlorophacinone Na
3 isofenphos-methyl, acephate
4 methomyl, thiodicarb, aldicarb, ethiofencarb, oxamyl, methiocarb and so on
5 warfarin, brodifacoum, flocoumafen, coumatetralyl, difenacoum and so on
6 coumaphos, santonin, bromadiolone, ofurace, thifluzamide, fthalide and so on
7 carbofuran |