The state adjusts import policies for major equipment

Six departments, including the Ministry of Finance, the General Administration of Customs, and the State Administration of Taxation issued a joint circular to adjust the list of equipment and the list of goods listed in the Interim Provisions on Import Tax Policies for Major Technical Equipment (promulgated in September 2009). The newly revised "List of Major Technical Equipment and Products Supported by the State for Development" and "List of Imported Crucial Components and Raw Materials for Major Technical Equipment and Products" have been implemented since April 25, and commodities that meet the specified conditions may be exempted from tariffs and Import link value added tax.
It is understood that this adjustment has made the policy more detailed and more targeted. For example, there is a policy of maintaining pressure on the import of petrochemical and coal chemical equipment: taxation on the import of major technical equipment and products supported by the state The preferential tax will be imposed on imported equipment, accessories and spare parts that have been independently designed and manufactured in China. This will not only help reduce the cost of domestic imports of advanced technology and equipment, but also facilitate the independent development and localization of major technical equipment.
The newly revised catalog shows that the major technological equipment and products supported by the country include 17 categories, including large-scale petrochemical equipment, large-scale coal chemical equipment, large-scale ships and marine engineering equipment, large-scale environmental protection, and comprehensive resource utilization equipment. Among them, large-scale petrochemical equipment includes ethylene complete sets of equipment, polyethylene recycle gas compressors and polyethylene supporting reciprocating compressors, mixing extrusion granulation units, PTA complete sets of equipment, 10 million tons of oil refining equipment, natural gas pipeline transportation and liquefaction Storage and transportation equipment; large-scale coal chemical equipment including reciprocating coal-water slurry diaphragm pumps, coal liquefaction hydrogenation reactors, large-scale air separation equipment and compressors, air compressors, superchargers, large-scale ammonia synthesis equipment, coal chemical gasification Furnaces, etc.; Large ships and marine engineering equipment include large-scale offshore petroleum engineering equipment, offshore floating production tankers (FPSO), LNG (liquefied natural gas) carriers, high-grade chemical tankers, etc.; large-scale environmental protection and comprehensive resource utilization equipment including for industrial use Sewage treatment membrane bioreactor, large-scale blast furnace gas residual pressure turbine power generation equipment, coal mine gas power generation equipment and so on.
In addition, the six departments also revised the list of major technical equipment and products that are not subject to tax exemption, and they will also be implemented from April 25. Including ethylene cracking gas compressors with an annual output of less than 1.2 million tons, all specifications of PVC and olefin polymerization tanks, all specifications of the annual output of 300,000 tons of synthetic ammonia and 520,000 tons of urea plants, all specifications of coal chemical gasifiers Wait.

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