The China national standard for electronic cigarettes will be put into effect on Oct 1st.With the major e-cigarette brands have obtained “licenses” in China, e-cigarette national standard products will be available with the implementation of the new national standard.
As an important measure to regulate electronic cigarette product and manufacture,the emergence of national standard will cause vape line and consumer’s attention.The high level of attention is about flavors vape’s selling.
On the other hand, regarding this China vape policy, it will be increased electronic cigarette’s cost. Relevant experts said, the characteristic of common cigarette is high taxes in China. According to the excise tax rate on cigarettes adjusted in June 2009, the excise tax rate on Class A cigarettes is 56% and that on Class B cigarettes is 36%.
With the implementation of the new standards in October this year, the higher tax rate on e-cigarettes may lead to a significant increase in the price for end-use e-cigarette products. But other experts thought, electronic cigarette will be regulated and managed in future, the excise tax won’t be increased for retailer selling.
The reporter noted that, electronic cigarette will be charged 36% excise tax as per Class B cigarette. RELX and some other brands,etc, their selling prices will be increased 30% at least in the market.
The vape’s selling price didn’t be increased in this moment because new national standard didn’t carry out now, and some retail shops still can sell flavor vapes to consumers. Some retailer workers said, many customers have bought many stocks for flavor tanks due to they’re worried about vape’s selling cost will be increased after policy carried out.
And in interviews with some consumers, many consumers said they buy many Stocks because price is cheaper,and more flavors for choosing now. Some consumers said some of flavors tank have sold out now.
However, the vape business line will be has a good development under strong supervision.
Post time: Aug-11-2022
