The Ministry of Finance informs the adjustment of some fuel oil consumption tax

The Ministry of Finance issued a circular on adjusting the consumption tax of some imported fuel oils. The notice requires that from January 1, 2010 to December 31, 2010, the consumption tax shall be refunded on imported fuel oil used as raw materials for the production of chemical products such as ethylene and aromatics (Tax Code, ex27101929,). The specific tax return management method shall be implemented with reference to the “Notice of the Tax Bureau of the General Administration of Customs of the Ministry of Finance of the People's Republic of China on the Recycling of Imported Naphtha Consumption Tax before Relevant Issues” (Caiqin [2009] No. 347).