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The new policy of cancellation of the full13% Value Added Tax refund on exported activated carbons has been publicized by China¡¯s Ministry of Finance on its website today officially and will be executed officially from 1st July, 2007, the shipments with the shipping date after 1st July will apply to the new policy.
The prices of activated carbons will have to be added by 13% based on previous FOB prices accordingly, that is the present FOB prices will equal previous FOB prices X 1.13%.

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