Bohui Paper Received the First Tariff Exemption Refund

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2020-03-05

Bohui Paper Received the First Tariff Exemption Refund

On February 28, the first round oftariff exemption on the second batch of $60 billion worth of U.S.-made productswas implemented, and Jinan customs approved the first tax refund nationwide.Zibo customs, a subdivision of Jinan customs, quickly started the tax refundprocedure and completed the first tax refund for goods on the exemption list onthe same day. A sum of 33,400 RMB for one batch of BSK pulp was refunded toShandong Bohui Paper. It is reported that after the implementation, the companywill receive a tax refund of over 600,000 RMB in total.

According to the Ministry of Financial(MOF)’s statement on February 17, 696 products in 8 tariff categories will beremoved from the countermeasures again U.S. Section 301. Goods in the secondbatch exemption list will be partially exempted during the first round, and theexemption process will start on February 28.

The list includes two pulp products:47032100 (Semi-bleached/bleached soda/sulfate coniferous wood pulp, other thandissolving grades) and 47062000 (pulp from recycled (waste) paper orpaperboard).

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