The state will impose a consumption tax on the catalytic materials and coke
The State Administration of Taxation recently issued the "Announcement on the Collection of Consumption Tax on Catalytic Materials and Coking Materials." It is clear that the catalytic material and the coking material belong to the scope of collection of fuel oil, and consumption tax shall be levied and shall be implemented from November 1, 2012. According to the State Administration of Taxation, catalytic materials and coking materials are products produced by petroleum refining companies for crude oil in the process of atmospheric and vacuum decompression production. Their characteristics belong to heavy fuel oil. Similar products such as wax oil and residue oil are in the Ministry of Finance. The Circular of the State Administration of Taxation on Raising the Consumption Tax Rate on Refined Oil Products (Caizizi [2008] No. 167) clearly specifies the scope of fuel oil collection. Therefore, the consumption tax should also be levied on the catalytic materials and coking materials. Precision Hex Bolt,Hex Flange Head Bolt,Dome Head Bolts,Precision Bolt Quanling Standard Component Co., Ltd. , http://www.novelty-fastener.com