New tax policy in China affects petroleum product trade in Asia

New tax policy in China affects petroleum product trade in Asia
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06.10.2021

MOSCOW (MRC) -- In June of this year, China implemented a new consumption tax policy that affects imports of two fuels: mixed aromatics, which were blended into gasoline, and light cycle oil, which was blended into diesel, said Hydrocarbonprocessing.These components were previously exempt from China's consumption tax. This new policy has reduced China's imports of these products and its e

Full article at mrcplast.com

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