Additional 800 Thousand Tons Sliding Quota! NDRC Released Regulatory Signals Ahead Of Schedule To Boost Market Confidence

Recently, the national development and Reform Commission, in line with the policy of early release, regulates the market confidence and guarantees the cotton production demand principle of production textile enterprises, the national development and Reform Commission issued a notice to confirm that 800 thousand tons of non state trade cotton import slide tax quotas were granted this year. The application time is from April 15 to 29, 2019, and the specific time is to be determined.

Compared with last year, the announcement time this year was two months ahead of last year.

The announcement decided that the amount of quasi tax quotas for cotton imports is 800 thousand tons, all of which are non state trading quotas.

The terms of application are: registration before the business administration department before April 1, 2019; with good financial status, tax records and integrity; no illegal records have been found in customs since 2017; and no blacklist has been included in the "credit China" website.

On the premise of having the above conditions, the applicant must also be a spinning and weaving equipment (own) 50 thousand or more cotton spinning enterprises.

The application materials require the 2019 cotton import slip tax quota application form, the photocopy of the business license of the enterprise legal person (duplicate) and the duplication of the special sales invoice for sale of cotton products such as cotton yarn and cotton cloth in 2018.

The principle of distribution will be allocated according to the actual production and operation ability of the applicant (including historical import performance, spinning ability, operation condition, etc.) and other relevant commercial standards.

The quota application and distribution do not distinguish between general trade and processing trade.

When the authorized bodies of the national development and Reform Commission issued the quotas for imported cotton quotas at the preferential tariff rate for tariff quotas, the enterprises should independently choose to determine the mode of trade.

It is noteworthy that this quota declaration will continue the website publicity and public reporting period.

China Cotton Textile Industry Association reminds the vast majority of textile enterprises to declare their integrity, submit them as required and check them carefully before submitting them.

It is understood that in the past declaration process, the following categories of non-standard filling behavior were more concentrated, the textile enterprises should attach importance to it, and do not affect the final distribution due to non-standard reporting.

1., we must calculate the production capacity of different enterprises.

2. self conversion of spinning production capacity, such as converting the spinning capacity of non ring spinning to the proportion required in the reporting requirements, or calculating the capacity of ring twisting, cotton net and so on.

3. the data are not accurate to single digits according to the requirements, and they are self organized.

4. count non cotton fibers into cotton.

5. cotton purchase is reported as cotton consumption.

6. the on-site production capacity is inconsistent with the declaration, and can not provide a true proof of capacity reduction.