China’s Finance Ministry has announced that China’s tax authority will begin accepting applications from Chinese domestic companies for exemption of additional tariffs imposed on some U.S. products, including some U.S. Hardwoods, starting March 2.
U.S. companies are not eligible to submit requests for the one-year exemption. The ministry indicates that applications will be reviewed within three business days. Chinese buyers will need the waiver approvals before their cargo may clear customs.
Applicants must show that the tariffs on U.S. goods cause one or more effects: serious economic damage to the importer, challenges to the importer in seeking alternative sources of supply, major negative structural effects to the relevant industry or serious social consequences.
A previous USDA report (https://bit.ly/2P93fWf) contains instructions on how customers may apply, the information required and links to the Chinese State Council Customs Tariff Commission, the application reviewer.
This is the translation from the official government announcement: https://bit.ly/39Owiq8.
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