Customs and tariff regulation of movement of iron and steel and articles of iron and steel through the customs border of People's Republic of China

The article is devoted to the problems of taxation of iron and steel and articles of them while moving through the customs border of People’s Republic of China. The flow of iron and steel on the customs border of China is very high, and therefore they are considered important objects of customs and tariff regulation. As China is a great producer of iron and steel, having a great potential in development of domestic metallurgical industry, customs service pursues an active protectionist policy as regards iron and steel. There are lots of valorem rates of export customs duties necessary for protection of domestic producers, import customs duties intended to provide revenue and regulate the flow of iron and steel, and normative conditions related to penetration of foreign goods and regulation of logistic operations. Metallurgic industry in China faces different problems in decision of which customs officers also take an active part, in particular, overproduction of iron and steel in different areas. That’s why many producers always try to export their commodities in order to avoid the surplus of supplies in domestic market, while customs officers within the framework of collaboration with other countries try to restrict export and import of goods in order to avoid the surplus in domestic and partner country’s markets. In order to fulfill these purposes, there are many different valorem rates of export and import customs duties and normative conditions for penetration of foreign goods. This is exactly what the article is devoted to.