Customs Revenue Keeps ClimbingAs informed by correspondents from the General Customs Administration the Customs tariff revenue continues to go up-slope this year after a rise of 80% of last year. From January to June, the Customs tariff and import-link tax levied by the Customs across China came up to 98.93 billion yuan, increasing by 22.43 billion yuan or an increase of 29.3% as compared to that of the same period of last year.Leaders of the General Customs remarked that almost one hundred billion yuan of Customs tariff revenue achieved in half a year is largely attributed to the sustained development of the domestic economy, the effective improvement of legal environment and further strengthening of the work on tax-levying. During the first half of this year, stimulated by a series of such policies as expanding internal needs and increasing input, the demand for domestic production was quite vigorous with import expanded and tariff sources increased. The import value of taxable goods from January to June hit 38.99 billion dollars, rising by 25.1%. Particularly, the taxation of crude oil, chemicals, tobacco, automobile parts, soybeans and rape-seeds grew by a big margin due to the influence of domestic demand and the price rise in some of the international markets. |
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