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Article: China strengthens inspection on the import of cosmetics. (Fine Chemicals).
- Article from:
- China Chemical Reporter
- Article date:
- May 26, 2003
CopyrightCOPYRIGHT 2003 China National Chemical Information Center. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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With the improvement of people's living standard, the demand of cosmetics in China is increasing. As cosmetics belong to the few luxury goods, China has imposed relatively high tariff on the import of cosmetics. The import tariff rate was maintained at 22.5 - 25.5% in 2002, the value added tax was 17% and the excise tax was 30% (8% for skin-care products).
The import tariff rate for cosmetics has made a constant reduction in recent years. It dropped from 35% in 1998 to 20.5 - 25.5% in 2002. The import value has also increased by a big rate in recent years. The import in 2002 was however somewhat different from the import in previous years.
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