The Carbide Industry Is In A Good Situation

- Apr 01, 2018 -

According to the reliable report of the Hunan Daily, the Ministry of Finance adjusted an important measure of export tax rebate rate for the entire hard alloy industry in Hunan province, bringing in nearly 20 million net profits for value-added, and as the main production base of the industrial city - Zhuzhou will undoubtedly become the biggest beneficiary. On the other hand, due to the uneven quality of the products and the wide variety of products, there are six grades of tax refund rates, namely: 17%, 13%, 9%, and 0.5%. For many companies in Zhuzhou City that directly export cemented carbide products, the increase in the tax rebate rate not only brings about a profit increase, but also escorts their international trade activities. While reducing costs, it also increases international Competitiveness!