 |
Amount of import duty = CIF value x import duty rate
| Amount of value added tax = |
(CIF value + amount of customs duty + amount of consumption tax)
x value added tax rate |
(Ad valorem) amount
of consumption tax |
= |
CIF value + amount of import duty |
x consumption tax rate |
|
| 1 - consumption tax rate |
(Specific tax) amount of consumption tax = number of products x consumption tax rate per unit
| Amount of export duty = |
FOB value |
x export duty rate |
|
| 1 + export duty rate |
| (Extracted from 2004 version Customs Import and Export Tariff of the People's Republic of China) |
Currently, the specific tax is imposed on beer, millet wine, gasoline,
and diesel only among those on which consumption tax is imposed.
| Beer : |
1 ton = 988 litres |
Gasoline : |
1 ton = 1388 litres |
| millet wine : |
1 ton = 962 litres |
Diesel : |
1 ton = 1176 litres |
|
|
