According to the latest announcement by the Ministry of Finance and the State Taxation Administration, the specific content of the adjustment to the export tax rebate policy is as follows:

1. Products with cancelled export tax rebates: The export tax rebates for aluminum materials, copper materials, and chemically modified oils and fats from animals, plants, or microorganisms are hereby cancelled.

2. Products with reduced export tax rebate rates: The export tax rebate rate for certain refined oil products, photovoltaic products, batteries, and certain non-metallic mineral products will be reduced from 13% to 9%.

3. Implementation date: This announcement will be implemented from December 1, 2024. The applicable export tax rebate rate will be determined by the export date indicated on the export declaration documents.

These adjustments aim to guide domestic industries towards high-quality development and transformation, reduce dependence on external markets, and promote the optimization and upgrading of industrial structures. The policy adjustments also reflect the regulation of high-energy-consuming or highly polluting industries, as well as the strengthening of market mechanisms that encourage the survival of the fittest.

In accordance with the "Announcement of the Ministry of Finance and the State Taxation Administration on Adjusting the Export Tax Rebate Policy" (Announcement No. 15 of 2024), the State Taxation Administration has compiled the 2024C version of the export tax rebate rate library (hereinafter referred to as the "Library"). The relevant matters are hereby notified as follows:

1. The library is placed in the "Program Release" directory of the controllable FTP system of the State Taxation Administration. Please download in time to upgrade the export tax rebate audit system, and distribute the library to export enterprises promptly.

2. All regions must strictly implement the export tax rebate rates and strictly prohibit unauthorized changes to the export tax rebate rates. If any violations are found, those responsible will be held accountable.

3. Any issues found during the implementation should be reported to the State Taxation Administration (Goods and Labor Tax Department) in a timely manner.

In summary, the latest export tax rebate policy adjustments announced by the Ministry of Finance and the State Taxation Administration mainly include the cancellation of export tax rebates for aluminum and copper materials, as well as chemically modified oils and fats from animals, plants, or microorganisms. Additionally, the export tax rebate rate for certain refined oil products, photovoltaic products, batteries, and non-metallic mineral products will be reduced from 13% to 9%, effective from December 1, 2024. These adjustments aim to promote the transformation of domestic industries towards high-quality development, reduce dependence on external markets, and facilitate the optimization and upgrading of industrial structures. The policy changes reflect the regulation of high-energy-consuming or highly polluting industries and strengthen the market's survival-of-the-fittest mechanism, adapting to the new normal of economic development and achieving a new level of balance in economic circulation. By reducing or canceling export tax rebates, enterprises are encouraged to increase the added value of their products, promote industrial upgrading, and reduce the production and export of products with high resource consumption and significant environmental pollution risks, guiding industries towards green and low-carbon development. This policy transformation helps to optimize the trade environment, alleviate fiscal burdens, and enhance China's position in the global value chain.

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