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Machine tool equipment import tax cuts...

China hardware tools enterprise quantity is numerous, large clusters, and the dependence on exports is very strong. In recent years, from the sign up for machine tool exhibition reflect the situation, our country tool industry have felt a chill, the financial crisis the influence of cold snap, machine tool export profit dropped substantially. According to Chinese machine tool network (Machine35) understanding, enterprise is the passion flesh, because they need more was intervened, seek a kind of communication and promote. A machine tool exhibitors officials think, cost pressure, product prices factors will affect the export.

When the economic environment in the short term milder hopeless, the national regulation policy will become a life-saving straw. According to the relevant provisions of the state, enterprises with foreign capital import machine of such equipment duty reduction or exemption policy adjustment: the foreign investment enterprise imported for machine tool and pressure molding machine tax preferential policies in November of 2008 1, the comprehensive implementation of the stop. This means that the foreign capital enterprise imported the equipment will not be as usual, enjoy free of duty and VAT preferential the.

After the policy adjustment, the new approval of foreign investment projects, if import the domestic tax will not be listed in the catalog of CNC machine tool and pressure molding machine, the tariff. In other words, the foreign capital enterprise only import domestic existing technology cannot reach index requirements of the nc machine tools and pressure machines, can enjoy relevant preferential. Previously, foreign capital enterprise project in within the total amount of investment, import nc machine tools and pressure molding machine are exempted from import duties.

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