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Article: TISCO requesting increased VAT rebates for stainless steel exports.
- Article from:
- China Business News
- Article date:
- March 9, 2009
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TISCO requesting increased VAT rebates for stainless steel exports
Shanghai. March 9. INTERFAX-CHINA - Taiyuan Iron and Steel (Group) Co.
Ltd. (TISCO), China's largest stainless steel mill, has called on the government to raise value-added tax (VAT) rebates for stainless steel exports to 17 percent to support domestic stainless steel producers, a company employee told Interfax on March 9.
"We believe the Chinese government should reimburse the 17 percent VAT levied on stainless steel product exports including plate, sheet and long products, as well as on downstream products that use stainless steel in the manufacturing process including ...