March 2018 Cotton Import and Export Tariff Exchange Rate Adjustment Notice


The People's Bank of China authorized the China Foreign Exchange Trading Center to announce that on February 28, 2018, the central parity of the RMB exchange rate in the inter-bank foreign exchange market was: 1 U.S. dollar = 6.3294 yuan, so the tariff rate of import and export goods in March 2018 will be 1 U.S. dollar = 6.3294 yuan. RMB calculation. Hope to have import and export business of cotton and textile enterprises attention. (6.4335 in February 2018)
  
According to Announcement No. 53 of 2005 issued by the General Administration of Customs on October 30, 2005, the exchange rate applicable to the goods tax rate levied on import and export goods each month is the third Wednesday of the previous month (if the third Wednesday is a legal holiday, the fourth Wednesday will be postponed) The foreign exchange conversion price of the Bank of China (referred to as the Bank of China conversion price).

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March 2018 Cotton Import and Export Tariff Exchange Rate Adjustment Notice

The People's Bank of China authorized the China Foreign Exchange Trading Center to announce that on February 28, 2018, the central parity of the RMB exchange rate in the inter-bank foreign exchange market was: 1 U.S. dollar = 6.3294 yuan, so the tariff rate of import and export goods in March 2018 will be 1 U.S. dollar = 6.3294 yuan. RMB calculation. Hope to have import and export business of cotton and textile enterprises attention. (6.4335 in February 2018)