The effect of canceling export tax rebates on stone exports began to appear
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Since September 15, 2006, China has cancelled the export tax rebate for some stone products and given a three-month transition period. With the end of the three-month transition period, the impact of canceling export tax rebates on stone exports began to appear this year. According to the statistics of Fuzhou Customs, in January 2007, Fujian Province exported 478,600 tons of stone and valued at 106 million US dollars, up 11.3% and 15.1% respectively over the same period last year. Among them, the export volume of stone materials involved in export tax rebates reached 187,100 tons, worth US$0.6 billion, down 54.1% and 91.6% respectively, accounting for 94.8% of the total export volume in the same period last year. % fell to 39.1%; the amount of stone exports that did not involve the cancellation of export tax rebates and continued to enjoy the original export tax rebate reached 291,500 tons, worth 100 million US dollars, up 12 times and 5.5 times respectively, in the overall export volume The proportion in China rose to 60.9%. From the export specific products, the export of other processed granite products with tax number 68029390 increased the fastest, with the export volume reaching 257,900 tons, an increase of 13.1 times; while the export of granite stone or building stone with the tax number 68022300 decreased. The largest range, the export volume was 37,900 tons, down 85.9%. Prices of major export varieties have also fallen. For example, the average export price of other processed granite products was 326.8 US dollars / ton, down 55.4% year on year, the chain ratio (compared with December last year) decreased by 27.3%; the average price of granite stone or construction stone exports was 135. US$6/ton, down 45.8% year-on-year and 75% quarter-on-quarter. Fuzhou Customs pointed out that the cancellation of export tax rebates has greatly reduced the profits of stone enterprises. In addition, the increase in the cost of ore mining and transportation brought about by the appreciation of the renminbi and the price of crude oil has also caused huge cost pressure on the export of stone products. At the end of last year, the stone trade associations and associations of all levels in Fujian Province decided to increase the price of stone by 10% from January 1 this year. However, as far as the export data for January this year is concerned, the industry price increase has not yet reflected on exports. In this regard, Fuzhou Customs recommends that relevant departments should guide stone exports to strictly implement industry price agreements to ensure the healthy development of the entire industry, while actively encouraging stone enterprises to strengthen brand establishment and promotion, improve the utilization rate of stone development, and increase the added value of products. Taking the adjustment of export tax rebate as an opportunity to promote industrial restructuring and achieve industrial upgrading.