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Tariff rates lowered
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CHINA lowered the tariff rates on goods brought into the country by passengers and on goods sent into the country by mail on January 1.
The tax rate for cosmetics was cut from 80 per cent to 50 per cent. The tax rates for video cameras, digital cameras and video and recording cameras were also lowered from 80 per cent to 50 per cent.
At the same time, the tax rates for cigarettes and alcohol were lowered from 100 per cent to 70 per cent.
The country will impose four levels of tax rates on the items of travellers, including 10 per cent for books, newspapers and food stuffs, 30 per cent for textile products and electric appliances, 50 per cent for video cameras, video and recording cameras and digital cameras, and 70 per cent for cigarette and alcoholic products.
The average tariff rate on goods have been lowered from 55 per cent to 40 per cent.(Xinhua)
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