China’s export tax removal will thwart tungsten smugglers
China’s move to scrap export taxes on certain noble alloys will remove the incentive to smuggle tungsten products, market participants said as they debated the likely impact on prices globally.
China will cancel export taxes on tungsten, molybdenum, vanadium pentoxide (V2O5) and various other metals from May, the country’s Ministry of Finance said on Thursday April 23. The long-anticipated move was in response to a ruling by the World Trade Organization last year on trade disputes between China and other countries over rare earths, molybdenum and tungsten.
Related Posts
Delhi: Smuggling racket of costly liquor busted
NEW DELHI: Police have busted a racket of smuggling scotch and expensive liquor...
Tax hikes on cigarettes and alcohol to encourage smuggling, tradesmen union says
The recent rise in fixed tax from cigarettes and alcohol over the inflation rate...
Sheriff’s deputy accused of gang activity, smuggling drugs into Lerdo sentenced to 3 years probation
A Lerdo detention deputy who allegedly smuggled tobacco into the detention center...
Rs 2.14-crore worth non-duty paid liquor destroyed in Andhra Pradesh’s Prakasam
ONGOLE: The Prakasam Police and the SEB officials under the supervision of the...