China's customs revenue surges 19 percent
(Xinhua)
Updated: 2006-10-10 20:49
China's customs revenues surged 19.17 percent year on year in the first ninth
months of the year to almost 462 billion yuan (58.47 billion U.S. dollars), the
General Administration of Customs said Tuesday.
Of the total, tariffs account for 87 billion yuan. The remaining 375 billion
yuan is value-added tax and other taxes imposed on imports.
The sustained rapid growth of customs revenues is due to buoyant imports
driven by dynamic growth in investment, consumption and exports, an
administration spokesperson said.
Drastic rises in the prices of energy and mineral products in the
international market since the beginning of the year also contributed to growth
in import duties, the spokesperson said.
Customs figures show that the country's imports of energy and mineral
products rose 41.2 percent in value in the first three quarters of the year.
Improved tariff collection capacity is also a major factor in the growth of
customs revenue, the spokesperson added.
|
