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          The newly revised processing trade restricted catalogue has entered the final stage of consultation, will be released in the near future. The draft especially pointed out that last year was to reduce the export tax rebate rate, this year was to cancel the export tax rebate of steel, to be included in the processing trade export ban catalogue, which confirms a rumour in the industry: in order to curb the "two high and one capital" investment in the industry and to reduce international friction, the state in the cancellation of the steel export tax rebate, will be further banned! Processing trade in the steel industry.

　　April 23, this reporter was informed that the Ministry of Commerce following the release of the latest processing trade prohibited directory, the newly revised processing trade restricted directory has entered the final stage of consultation, will be released in the near future.

　　In the Ministry of Commerce sent to the provincial and municipal business departments for comment, chemical fibre and textile, furniture and wood, plastics, non-ferrous metals and other industry products, are included in the new restricted catalogue.

　　That is to say, after the production of these products in the application of these products in the processing trade mode of import and export enterprises, must implement the margin account real transfer, increase the financial pressure on this part of the enterprise. The steel industry, which has attracted a lot of attention recently, may be directly included in the prohibited catalogue.

　　In accordance with the requirements of the Ministry of Commerce, at present, the provinces and municipalities of the business sector has required enterprises to specific products are included, and in what way included in the final release of the catalogue to provide advice, and will be reported to the Ministry of Commerce, and strive to the new catalogue released before the final deadline for enterprises to reduce losses.

　　Steel processing trade to be banned from exporting

　　This time the Ministry of Commerce to develop a restricted category of processing trade directory, mainly to 14 September last year announced < Ministry of Finance, Development and Reform Commission, Ministry of Commerce, General Administration of Customs, State Administration of Taxation on the adjustment of export tax rebate rates for some commodities and add a banned category of commodities directory of the notice > (Caixa No. 139 notice) in the reduction of export tax rebate rate of commodities as a basis.

　　The basic principle is: to reduce the export tax rebate rate of commodities in the list of part of the manufactured goods included in the processing trade restrictions on exports catalogue, the processing trade mode of export of such products, the corresponding bonded import of all raw materials to implement the actual transfer of the bank account; part of the raw materials included in the restricted imports of the catalogue, the processing trade mode of import of such products, the implementation of the actual transfer of the security deposit account.

　　The final draft catalogue for comment, mainly reflects the restrictions on the export of goods. A total of 2,564 tariff numbers of goods are included in the restricted catalogue, including 200 tariff numbers of plastic products, 75 tariff numbers of wood products, 1886 tariff numbers of chemical fibre textile fabrics and products, 36 tariff numbers of ceramic products, 28 tariff numbers of glass products, as well as a number of tariff numbers of cement, non-ferrous metals, furniture, lighters and so on.

　　In addition, the draft especially pointed out that last year was to reduce the export tax rebate rate, this year was cancelled the export tax rebate of steel, to be included in the processing trade export ban catalogue, which confirms the industry a rumour: in order to curb the "two high and one capital" investment in the industry and to reduce the international friction, the state in the cancellation of the steel export tax rebate, the iron and steel industry will be further banned after the processing trade.

　　Since the release of last year's Circular No. 139, the Ministry of Commerce has been considering metallurgy, paper, smelting, brewing, oil refining, heavy chemical included in the ban on processing trade catalogue, and textile and garment, shoes, bags, furniture, plastics included in the processing trade restricted catalogue.

　　The country's steel exports frequently, it is believed that the pressure of increased trade friction.

　　A Ministry of Commerce official told this reporter that this year, the Ministry of Commerce is most concerned about the two export industries are steel and textile. Among them, the pressure on the steel industry is particularly strong. According to the Ministry of Commerce news, the European Union and the United States have made preparations for China's steel trade remedy measures, but because the international market is good, China's steel export prices are not low, so that foreign countries can not catch the handle of dumping or subsidies, and once the international market prices fall, China's exports of iron and steel is likely to become the first victim.

　　Textile, non-ferrous metals affected

　　In addition to steel, textiles, plastics, furniture and non-ferrous metals, is also a round of adjustments in the large, each with a variety of products are included.

　　According to the country's current management approach, was included in the processing trade restricted catalogue of products, in the processing trade mode of import and export, the Customs and Excise Department according to the value of customs duties and import VAT tax charged as a deposit, the enterprise in the specified period of time for export and processing of the cancellation of the deposit and interest will be refunded. If the enterprise fails to export or switch to domestic sales, the Customs and Excise Department may notify the bank to convert the security deposit and interest directly into tax and deferred interest.

　　Compared with enterprises that do not have to pay the deposit, the financial pressure on enterprises listed in the restricted catalogue will be greatly increased.

　　However, due to the opposition of some industries and local governments, there are still some light industrial products, such as shoes and bags, which are not included in the new restricted catalogue. At the same time, the draft discussion made it clear that some of the export tax rebate rate last year, copper alloy products, will not be included in the restricted catalogue for the time being.

　　A provincial local business department officials revealed that the Ministry of Commerce may be held in the near future the national key provinces and cities of the processing trade symposium, the localities will be concerned about their own industries and products, and the Ministry of Commerce to communicate again.