China News Service, May 14th. According to the website of the Ministry of Finance, the Ministry of Finance, the General Administration of Customs, and the State Administration of Taxation issued an announcement recently that starting from June 12, 2021, certain refined oil products will be levied as naphtha or fuel oil. Consumption tax on imports.

  The announcement mainly involves three kinds of refined oil products.

One is the imported products classified under tariff number 27075000, and the aromatic hydrocarbons distilled below 200 degrees Celsius is less than 95% by volume, mainly including "mixed aromatics"; the second is the imported products classified under tariff number 27079990 and 27101299, mainly Including "light cycle oil"; the third is the imported products classified under tariff number 27150000, and the mineral oil distilled when the temperature is below 440 degrees Celsius is greater than 5% by volume, mainly including "diluted bitumen."

  "Light cycle oil", "mixed aromatics", and "diluted asphalt" usually contain more aromatics or bitumen, and are generally not used as fuel.

In recent years, a small number of companies have imported a large amount of fuel, processed and produced fuel that does not meet national standards, and flowed to illegal business channels, jeopardizing the fairness of the refined oil market, posing great social security risks, and causing environmental pollution.

In order to solve these problems, domestic products have been included in the scope of consumption tax collection. Now the three departments have issued an announcement to impose a consumption tax on imports of some refined oil products, which is conducive to standardizing market order and promoting fair competition.

The announcement only concerns the tax collection and refund (exemption) policies of consumption tax, and does not involve other trade management policies.

  Enterprises purchasing and using the above-mentioned products to produce ethylene and aromatics chemical products are subject to the current consumption tax refund (exemption) policy for fuel oil or naphtha, and will not increase the tax burden of compliant production and operation enterprises.