Davis Index: Market Intelligence for the Global Metals and Recycled Materials Markets

China’s Ministry of Finance has waived-off import tariffs, import value-added tax and consumption tax on foreign goods sold in the upcoming China International Import Expo (CIIE), according to local media reports. This exemption has been granted for products including machinery, medical equipment among others. The exhibition is set to be held in November. 


Waivers granted this year, are higher than the previous two expos, where the Chinese government had levied 70pc import value-added tax and consumption tax. 


Ceiling for the sales value has been pegged at $20,000 or between two to 12 products for every exhibitor, beyond which taxes will be applicable. The ministry also states that products which are neither sold or returned after the expo, will have to bear requisite taxes. 


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