Dalian Customs announced Thursday that 5300 tons of marine fuel oil under the supervision of Beiliang Port customs, affiliated to Dalian customs, has been successfully put into storage in the export supervision warehouse of China Marine Bunker Supply Dalian, the first marine fuel oil business in China to enjoy export tax refund policies.
On January 22 this year, the Ministry of finance, the State Administration of Taxation and the General Administration of Customs of China jointly issued the announcement on the implementation of export tax refund policy for bunkering oil on international navigation ships, which requires that from February 1, 2020, the export tax refund (exemption) policy shall be implemented for bunkering oil on international navigation ships in China's coastal ports, and the VAT export tax refund rate is 13%.
The first 5300 tons of marine fuel oil enjoying the export tax refund policy was produced by PetroChina Liaohe Petrochemical Company. The successful export of this fuel oil can refund 2 million yuan for the enterprise. After the successful implementation of this policy in Dalian, it can significantly reduce the cost of fuel oil refining, and will greatly improve the competitive advantage of bonded ship oil suppliers.
Source:Sarah Yu,XINDE MARINE NEWS
The opinions expressed herein are the author's and not necessarily those of The Xinde Marine News.
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