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Custom Reports Rapid Tariff Growth

The Chinese customs collected duties totaling 208.5 billion yuan (US$25.4 billion) in the first seven months of this year, up 52.38 percent year-on-year, according to the General Administration of Customs.

The figure represents 80.5 percent of the tariff collection target set for the whole year.

In July, the administration reported a monthly record of 33.8 billion yuan (US$4.1 billion) in net overall tariffs to the public purse, up 45.87 percent on a yearly basis.

Experts attributed the increase to the country's rapid and healthy economic development in the first half of this year, whichs timulated imports.

The five major contributors of import duties were machinery and electronic products, automobiles and parts, crude and refined oil, steel, and organic chemicals.

The administration's continued crackdown on smuggling facilitated the rapid growth of tariff revenue.

The customs collected 967 million yuan (US$117 million) worth of fines and confiscated goods in the seven months, up 2.44 percent.

(Xinhua News Agency August 5, 2003)

State Council Meets to Combat Smuggling
State to Upgrade Customs System
Foreign Trade Grows 21 Percent from Jan.-Nov.
Custom Administration Expects 15% Export Growth
Crackdown on Smuggling Contributes to State Coffers
Customs Successful in Catching Smugglers
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