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          Import tax on auto parts to be lifted
                      (CRI)
           Updated: 2005-02-06 14:00
           Import tax on some car parts may be tripled to 30 
percent of the price, from the current level of ten. 

          China's Ministry of Commerce says it has decided to impose import duties on 
auto parts instead of the complete vehicle. 

          These higher duties will apply to the car body, engines, chassis, variable 
transmission, turn-around and trigging systems. 

          Ministry officials say the new tax accords with international convention and 
is a helpful way to prevent tax losses caused by autos assembled with imported 
parts. 
          
 
          
 
          
 
          
 
           
  
 
 
 
          
 
          
           		
  
  
 
          
 
           
  
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