Gold Molybdenum adjusts part of export tariff rates on molybdenum products

On June 24, 2009, June 22, 2009, the website of the Ministry of Finance of the People's Republic of China promulgated the “Circular of the Customs Tariff Commission of the State Council on Adjusting the Export Tariff of Certain Products” (Tax Committee [2009] No. 6). It was decided that since 2009,7 On January 1, the export tariffs on some products will be adjusted.

The export tariff adjustment involves molybdenum products as follows:
No. Name (abbreviation) Tentative tariff rate before adjustment (%) Tentative tariff rate after adjustment (%) 1 Molybdenum oxides and hydroxides 1552 Ammonium molybdate 1053 Other molybdates 1554 Molybdenum powder 1055 Unwrought molybdenum 155 The company's exports of molybdenum chemicals and molybdenum metal products will benefit from the tariff adjustment.
In 2008, sales revenue of the above two series of products accounted for 7.27% and 20.57% of the company's sales revenue, respectively.


Jinduicheng Molybdenum Co., Ltd.