“The good days of importing furniture are over. The “zero tariff†era, which has lasted for 7 years, will never return. From April 15th, the tariff on imported furniture will be levied at 10%. Under the excuse of rising prices, the estimated retail price increase will reach 15%. "On April 9, this news stirred the market. "I haven't received the notice." In the face of the reporter's inquiry, Zhou Hui also felt puzzled. Zhou Hui, eight kilometers of an imported furniture brand manager. "I saw the report, I don't know what happened." Zhou Hui said that several customers have asked whether they are raising prices. The report of the 15th Regulations of the General Administration of Customs originated from the General Administration of Customs Regulation No. 15 of 2012. On March 26, the General Administration of Customs website circulated the No. 15 Regulations of 2012, including the revision of the “Regulations on the Entry of Goods of the People's Republic of China†and the “Taxee Price List of Imported Goods of the People's Republic of Chinaâ€. Among them, the tax rate of solid wood furniture, leather furniture, rattan bamboo furniture and other furniture is adjusted to 10%. According to the relevant policies and regulations, the furniture products include sofas, modular furniture, cabinets, cabinets, tables, chairs, bookshelves, beds, mattresses, cushions and other products made of various materials. The regulations are from April 15, 2012. This was interpreted by the media as the end of the “zero tariff†era of imported furniture implemented since January 2005. In turn, it is estimated that imported furniture or opportunity to raise prices, some industry insiders said in an interview, the cost is transmitted to the terminal, or stimulate the price increase of about 15%. The report was reprinted by several portals and attracted many media to follow up, which caused strong market attention. "Good days" for imported furniture The implementation of "zero tariffs" on imported furniture began in January 2005. Since the 1990s, China’s import tariffs have been falling, and the most downgraded is furniture, which has fallen from 70% in the early 1990s to 40%, and has fallen to 22%. In 2004, the import tariffs for furniture were 7 %. Jia Qingwen, chairman of the China Furniture Association, said. The WTO is a permanent international organization independent of the United Nations. It officially began operations on January 1, 1995. The organization manages the world economy and trade order and is headquartered on Lake Geneva in Geneva, Switzerland. On January 1, 1996, it officially replaced the GATT Provisional Institution. After 13 years of arduous negotiations, China joined the WTO on December 11, 2001. The Chinese government has pledged to implement “zero tariffs†on drugs, medical devices, construction, mining and drilling machinery, agricultural machinery, steel, furniture, wine, wood pulp, paper products, printed matter, toys, etc. in the next five to ten years. Among them, imported furniture implemented “zero tariff†within 5 years. The main products include: furniture and bed and chair for all kinds of materials and functions; office furniture and bedroom furniture made of various materials. The furniture industry will become one of the industries with the largest tax reduction after the automobile. “Zero Tariff†failed to curb the “high tariff†of imported furniture prices. The “zero tariff†did not bring about the low price expected, and the price did not fall and rose, and it was rising. The pace of international brands entering China has accelerated. In the same year, Shanghai Customs data said that due to the impact of zero tariffs, furniture imported from Shanghai Customs in the first half of 2005 increased by more than 30%. According to customs statistics, the total amount of imported furniture reached more than 700 million U.S. dollars in 2004. By January to March 2011, the total value of China’s furniture imports plummeted to 400.66 billion U.S. dollars. On July 10, 2011, CCTV revealed that Da Vinci was suspected of fraud and fraud. Despite the constant controversy over the report, the high-end halo of imported furniture has been broken since then, and consumer confidence has fallen into a trough. "Luxury furniture store, do you think it is really a place to buy furniture? Wrong! It is a show, an exchange, and a vanity." An insider of the Chongqing Furniture Association said in an interview that the profits of imported furniture are as high as 900%. In the era of price sensitivity, the media oolong "tariff recovery" almost became an excuse for imported furniture to rise again. Many imported furniture brands said that they may adjust their prices after April 15th, and the cumulative increase may reach 15%. When interviewed by the reporter, an import furniture agent who did not want to be named said that many imported furniture brands actually completed one or two price increases in the second half of 2011, an increase of about 5%. It said that the price increase was related to the increase in the cost of raw materials, labor and transportation of foreign factories. In March 2012, the national consumer price level rose by 3.6% year-on-year. Since 2010, the CPI has remained high, and it has always touched the public. On the official website of the General Administration of Customs of China, you can see the General Administration of Customs No. 15 of 2012 (Regulations on Amending the Classification Table of Entry Goods of the People's Republic of China and the Taxable Price List of Imported Goods of the People's Republic of China). The regulations clearly show that since April 15, 2012, the tax rate for solid wood furniture, leather furniture, rattan furniture and other furniture has been adjusted to 10%. And the Customs General Administration's revised “Regulations on Import Taxes on Imported Luggage and Personal Postal Items†and the Customs Duty Price List for Incoming Passengers and Bags (Amended by the General Administration of Customs, No. 25, 2007) Announced) Abolished at the same time. Yesterday, the reporter called the General Administration of Customs of China, and the Information Office of the General Administration of Customs Tao Yong said that the 15th Document of the General Administration of Customs only covers personal carry-on items and postal items. It does not involve bulk trade. Some media said that imported furniture is “zero tariffâ€. The end of the era is a misunderstanding. However, in the sensitive high price era, this is not the first time it has been “misread†and it will not be the last. Previously, there were media reports that “the entrance fee of 200 yuan milk powder is subject to a 10% taxâ€. The Customs also rumors that the inbound passengers can still carry their own self-use items with a value of RMB 5,000 without tax, and the tax exemption for personal mailing of imported goods has not been adjusted. Wang Jie, an associate professor in the Department of International Economics and Trade of the School of Economics of Tianjin University of Finance and Economics, also told reporters on the phone that it is impossible to restore tariffs or maintain zero tariffs. Although WTO members have the power to adjust tariffs independently, they still need to follow the corresponding system of the WTO. There must be some transparency in adjusting tariffs, and unless it is a special case, the general practice must be publicized at the beginning of the year. Zhou Hui is still being asked if he will raise the price. "Maybe," she said. In the sensitive high price era, this is not the first time it has been "misread" and it will not be the last.
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