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The state introduced a new policy to encourage the import of some mechanical raw materials

The state introduced a new policy to encourage the import of some mechanical raw materials

  • Categories:Industry News
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  • Time of issue:2020-07-29
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(Summary description)The Ministry of Finance recently issued a notice, in accordance with the relevant provisions of the "Notice of the Ministry of Finance, the National Development and Reform Commission, the General Administration of Customs, and the State Administration of Taxation on Implementing Several Opinions of the State Council on Accelerating the Revitalization of the Equipment Manufacturing Industry on Import Tax Policies. Starting from the time of import declaration), the import tariffs and import value-added tax paid by domestic enterprises for the development and manufacture of large-scale coal mining equipment for importing some key parts and raw materials and import link value-added tax will be collected and refunded, and the tax refund will be treated as national investment. , Converted into national capital, mainly used for the development and production of new products of the enterprise and the building of independent innovation capabilities.

The state introduced a new policy to encourage the import of some mechanical raw materials

(Summary description)The Ministry of Finance recently issued a notice, in accordance with the relevant provisions of the "Notice of the Ministry of Finance, the National Development and Reform Commission, the General Administration of Customs, and the State Administration of Taxation on Implementing Several Opinions of the State Council on Accelerating the Revitalization of the Equipment Manufacturing Industry on Import Tax Policies. Starting from the time of import declaration), the import tariffs and import value-added tax paid by domestic enterprises for the development and manufacture of large-scale coal mining equipment for importing some key parts and raw materials and import link value-added tax will be collected and refunded, and the tax refund will be treated as national investment. , Converted into national capital, mainly used for the development and production of new products of the enterprise and the building of independent innovation capabilities.

  • Categories:Industry News
  • Author:
  • Origin:
  • Time of issue:2020-07-29
  • Views:0
Information

The Ministry of Finance recently issued a notice, in accordance with the relevant provisions of the "Notice of the Ministry of Finance, the National Development and Reform Commission, the General Administration of Customs, and the State Administration of Taxation on Implementing Several Opinions of the State Council on Accelerating the Revitalization of the Equipment Manufacturing Industry on Import Tax Policies. Starting from the time of import declaration), the import tariffs and import value-added tax paid by domestic enterprises for the development and manufacture of large-scale coal mining equipment for importing some key parts and raw materials and import link value-added tax will be collected and refunded, and the tax refund will be treated as national investment. , Converted into national capital, mainly used for the development and production of new products of the enterprise and the building of independent innovation capabilities.

The Ministry of Finance also issued a notice stating that in accordance with relevant regulations, starting from January 1, 2007 (subject to the time of import declaration), it is essential for domestic enterprises to import parts of forward shovel excavators for the development and manufacture of large open-pit mining machinery. Import duties and import value-added tax paid for parts and raw materials will be refunded after collection. (China Capital Securities Net)

The reporter learned from the Ministry of Finance that the adjustment of the import tax policy for large-scale mining excavators, key parts and components and raw materials of coal mining equipment is to implement the "Ministry of Finance, the National Development and Reform Commission, the General Administration of Customs, and the State Administration of Taxation" Several opinions on revitalizing the equipment manufacturing industry are related to the relevant provisions of the "Notice on Import Tax Policies".

The relevant person in charge of the Ministry of Finance said that the adjustment of the import tax policy reflects the government's support for the revitalization of the domestic equipment manufacturing industry. The Ministry of Finance has approved four categories of tariff adjustment policies for textile machinery, shield tunneling machines, large mining excavators and coal mining equipment, and tariff adjustment policies for other areas will also be introduced.

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