The National Development and Reform Commission recently announced detailed rules for the application and allocation of import tariff-rate quotas (TRQs) for both grain and cotton in 2021 (Announcement No. 6 [2020]). More
Commodity reserve management companies are to be exempt from stamp duty on books of accounts and the purchase and sale contracts concluded in the course of conducting commodity reserve business. More
New guidelines covering the 2018 tariff quota allocation and application procedures relating to grain, cotton and sugar imports are now available. More
