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  • theprincipal49 theprincipal49 Apr 7, 2013 5:37 AM Flag

    China drops solar cell import taxes, sends "positive signal" to Europe

     

    China drops solar cell import taxes, sends "positive signal" to Europe
    03. APRIL 2013 | GLOBAL PV MARKETS, MARKETS & TRENDS, INVESTOR NEWS, TRADE CASES | BY: VERA VON KREUTZBRUCK, WENJING FENG
    China dropped import duties and value-added tax (VAT) for a variety of equipment, including for solar cells and lithium-ion batteries on April 1, thus sending a "positive signal" to the China-Europe trade negotiations.

    The list of tax exempt items is composed of raw materials and equipment parts that the country cannot produce.
    Flickr/Renato Ganoza
    According to a statement released by China’s Ministry of Finance, the list of tax exempt items is composed of raw materials and equipment parts that the country cannot produce. However, the ministry did not specify what kind of photovoltaic equipment will be exempt.

    "As from April 1, 2013, the exemption from import duties and value-added tax (VAT) may be granted to the importing key parts and raw materials that are necessary to the state-supported manufacturing of … solar cell equipment … [and] li-ion power batteries," read a translation of the statement, published on Chinese tariff website, ETCN.

    Importers can register with customs and tax authorities for a tariff exemption review from April 1 to 30.

    Positive signal

    With this new development, "China is sending a positive signal to Europe and is showing that it doesn’t want the trade cases conflict to escalate," Stefan de Haan, PV senior analyst at IHS Solar told pv magazine. However, at the same time, it is also "asking the West not to be too harsh with their anti-dumping measures," he added.

    Last month, Chinese Commerce minister Chen Deming called on Europe to "properly handle the solar panel friction with China to avoid greater losses for both sides."

    During the annual session of the National People’s Congress, Chen said that the trade dispute was a consequence "of the debt crisis that cut government subsidies to solar energy in Europe and the anti-dumping and counterv

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