Imposed tax on consumption of fuels blended with less than 30 percent of biodiesel, with view to stop tax free importation of low-rate blend into the country.
CHINA biodiesel policy: Reportedly, the government will start taxing the consumption of fuels blended with biodiesel whenever the biodiesel content is less than 30 percent. The planned tax will match the existing consumption tax on conventional fuel. Blends with higher biodiesel content will remain tax exempt. Reportedly, the measures is meant to stop tax-free importation of low-rate blends into the country. Imports of such blends are said to have surged this year encouraged by the absence of consumption taxes.