5 Nov 2015
Online CBA: Are Imported Batteries and Coating Materials Subject to Consumption Tax?
Q: Are Imported Batteries and Coating Materials Subject to Consumption Tax?
A: In a move to promote energy saving and environmental protection, starting from 1 February 2015 China levies consumption tax on batteries and coating materials in the course of their production, commissioned processing and import, at an applicable rate of 4%.
Mercury-free primary cell, nickel-metal hydride battery, lithium primary cell, lithium-ion battery, solar energy cell, fuel cell and vanadium flow battery are exempted from consumption tax.
Levying of consumption tax on lead storage battery, at a rate of 4%, is deferred to 1 January 2016.
Consumption tax on coating materials with a content of volatile organic compounds (VOC) at or less than 420g/litre is waived.
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