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China Cuts Import Tariffs on Designated Motor Vehicles and Automotive Parts

Import duty is to be cut from 25% to 15% for all motor vehicles in one of 135 tariff code groups. Similarly, in the case of motor vehicles covered by one of four additional tariff groups and currently liable for an import duty of 20%, the applicable levy will again fall to 15%. Additionally, for all automotive components covered by one of 79 tariffs and with a currently-applicable import duty of 8%, 10%, 15%, 20% or 25%, the liability will be cut to 6%.

The change was announced by the Customs Tariff Commission of the State Council and will come into effect as of 1 July 2018.

For further details (in Chinese), please visit the following link:

Announcement of the Customs Tariff Commission of the State Council on Reduction of Import Tariffs on Automotive Vehicles and Parts (Shui Wei Hui No. 3 [2018])

Content provided by Picture: HKTDC Research
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