The Customs Administration of the Ministry of Finance stated that recent domestic commodity prices have been fluctuating abnormally, which has resulted in impacts on people’s livelihood and economy. To help companies reduce costs, ease the pressure of rising prices, and adjust commodity supply, according to Article 71 of the Customs Act, the Executive Yuan approved a temporary reduction of tariffs on meat of bovine animals from NT$10 per kilogram to NT$5 per kilogram and on wheat from 6.5% to 0% for a four-month period starting from December 1, 2021. The tariff revenue loss is estimated to be NT$410 million.
The Administration highlights that the duration of the temporary reduction of tariff is from December 1, 2021 to March 31, 2022. The application of the revised tariff rate shall be governed by Article 2 of the Enforcement Rules of the Customs Act. For imported goods, the amendment of the tariffs shall apply from the arrival date of the means of transportation. According to Article 6 of the same regulation, “the arrival date of the transportation means” refers to the date on which the vessel arrives at the port of entry and files the import manifest with Customs for sea cargo, and for air cargo refers to the date on which the plane arrives at the airport and files the import manifest with Customs.
The Customs Administration has provided a “List of 18 products including meat of bovine animals and wheat on which tariffs are temporarily reduced” for the public’s reference.
Phone: (02)2550-5500 ext.1040