New preferential import tax rates take effect from March 31
Notable adjustments include a reduction in the preferential import tax rate for automobiles under HS codes 8703.23.63 and 8703.23.57, from 64% to 50%.
Topic: import tax
US exempts import taxes on solar panels from Vietnam
On June 6, the US announced a 24-month import tax exemption for solar panels manufactured in Vietnam, Thailand, Cambodia, and Malaysia. The US Department of Commerce had suspected that solar panels of Chinese origin were being “disguised” as manufactured in the four Southeast Asian countries to evade US import taxes, so began an investigation.