Imported furniture to raise tariffs or lead to price surges? Customs clarifies misreading

The “zero tariff” era of imported furniture for six years is coming to an end? Recently, it was reported that according to the No. 15 regulations of 2012 issued by the General Administration of Customs of China, “solid wood furniture, leather furniture, rattan, bamboo furniture and other furniture will be subject to a 10% import tariff, since April 2012. Execution from the 15th."

In response to this news, many citizens who are choosing middle and high-end furniture for improved housing also sent a hotline to the Yangzi Evening News Real Estate Department: Will this tariff adjustment trigger the recent collective price increase of imported furniture brands? The reporter quickly verified this.

Customs officials said: furniture tariffs are misreading the "zero tariff" era is not over

The website of the General Administration of Customs hangs the No. 15 Regulations of 2012, which contains amendments to the “Regulations on the Entry of Goods of the People's Republic of China” and the “Tax List of Imported Goods of the People's Republic of China”. Among them, the tax rate of solid wood furniture, leather furniture, rattan bamboo furniture and other furniture is adjusted to 10%. According to the relevant policies and regulations, this furniture product includes sofas, modular furniture, cabinets, cabinets, tables, tables, chairs, bookshelves, beds, mattresses, cushions and other products made of various materials. The regulations will be implemented as of April 15, 2012. Therefore, some media said that the era of zero tariffs on imported furniture, which was implemented since January 2005, will end. Industry players in Shanghai, Guangdong and other places have even high-profile "statement", tariff costs are transmitted to the end of consumption, or stimulated price increases of about 15%. This has caused a lot of attention from middle and high-end furniture buyers.

Yesterday, the Customs and Excise Department once again passed the media's statement. The 15th document of the General Administration only refers to personal carry-on items and postal items, and does not involve bulk trade. "The end of the zero-tariff era of imported furniture is a misunderstanding." The person in charge of the store said that it is indeed impossible to restore tariffs in domestically imported furniture, and will still maintain zero tariffs. "The tariff adjustment must have certain transparency. Unless special circumstances, the general practice must be publicized at the beginning of the year."

According to the furniture association, the profits of imported furniture are “super high” and even up to 1000%.

Since the cost of imported furniture has not yet been “raised” on the tariff threshold, will there be a market phenomenon in which the price of imported furniture will increase substantially in the traditional furniture sales season?

Recently, the reporter has connected with the relevant people of the China Furniture Association. It is understood that with the acceleration of the pace of international furniture brands entering China, the “zero tariff” has not brought the expected low prices, and some imported furniture prices have not risen, especially The price is too high, causing a lot of consumer troubles. Especially on July 10, 2011, CCTV exposed Da Vinci’s alleged fraud and fraud as the fuse. The controversy continued. Since then, the high-end aura of imported furniture has been broken, and consumer confidence has fallen. Into the trough. “The luxury furniture store has become a trading ground for some people to sell vanity. This is a very deformed and passive market form, which has hidden hidden dangers for the development of imported brands.”

In the interview, the directors of the Nanjing Furniture Association also broke the news that the profits of imported furniture may be as high as 900%-1000%. “Although many brands of so-called solid wood furniture have been confirmed by serious owners, it is a thin layer of veneer attached to ordinary wood-based panels, and some are soft bags or bronzing. The appearance can be 'plagiarized'. It is not so-called Europe and America. Original design. Many people in the furniture industry also said that many "listed" imported furniture profit points have exceeded their actual value. If the price rises sharply, it is not conducive to consumer integrity, and there are drawbacks in its long-term pricing.

Consumers say: buy imported furniture, can not understand the material and origin

Recently, when reporters visited dozens of imported furniture brands such as Chengnan, Zhongdongdong Road and Jiangdong Road, they found that most of them were Italian brands, followed by American, French and German brands.

In the survey, some furniture buyers said that the Italian, French and German brands are relatively single, more than 90% of which are produced by the country of the brand; while the American brands are the opposite, the producing countries are mostly China, the Philippines, Vietnam and other countries in Central and South Asia. Only a small number of branded products are labeled as "US". "What I don't understand most is the actual materials used in these imported furniture. Many of them are marked with rare red cherry, black walnut, and teak, but who knows, if it is so rare, it will not be for promotion, discounts. The discount has dropped by several thousand yuan!" The owner expressed his dissatisfaction with the real value of imported furniture.
In the interview, a special high-end imported furniture agent in the United States also quietly revealed to reporters that many imported furniture brands actually completed one or two price increases in the second half of 2011, an increase of about 5%. The reason for the price increase is mainly related to the increase in the cost of raw materials, labor and transportation of foreign factories. “There may be some brands that also have cost pressures. In order to maximize profits, they are motivated by the raw materials and processing costs. They may deliberately confuse consumers’ attention, the actual materials used in many types of materials, and whether they are in the description of the materials related to the signs. For the types of materials indicated on the signs, the owners also need to be vigilant and control themselves."

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