Import tax on spare parts has surged fivefold

In 2003, the import tax on spare parts in Beijing saw a dramatic fivefold increase. According to the Beijing Hyundai Commercial Newsletter, dated November 11, 2003, at 08:55, Beijing Customs had already completed its tax collection target for the year earlier than expected. The report, written by reporters Li Guojun and Zhou Daqing, highlighted the strong economic performance in Beijing, which significantly boosted port trade activities. As of November 6, Beijing Customs had collected a total of 14.076 billion yuan in tax revenue, marking a 42.3% year-on-year increase. Remarkably, the city's customs authorities achieved a tax goal of 14 billion yuan just 55 days into the year, well ahead of schedule. According to statistics, from January to October, the total value of imports and exports at the Beijing port reached $17.185 billion, a 39.06% rise compared to the same period in the previous year. This growth was particularly notable in the automobile industry, as Beijing continued to promote its "automotive-led" industrialization strategy. The import volume of auto-related products surged, with taxable goods reaching $287 million during the first ten months of the year. Import tariffs and related taxes totaled 982 million yuan—five times higher than the same period the previous year. Despite the challenges posed by the SARS outbreak in the spring and summer, tax revenue still showed substantial growth, reflecting the resilience of Beijing's foreign trade sector.

Front Fork

Front Fork,Titanium rRoad Bike Fork,Road Bike Fork Disc Brake,mtb fork replacement

Bao Ji Titour Technology Co.,Ltd , https://www.cntitour.com