The influence of the import tax reduction policy o

2022-08-26
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The impact of the import tax reduction policy of machine tool equipment on China's machine tool industry

China has a large number of hardware tool enterprises, large clusters, and strong dependence on exports. In recent years, according to the exhibitors who signed up for the machine tool exhibition, China's tool industry has already felt a chill. Affected by the cold current of the financial crisis, the export profits of machine tools have decreased significantly. China has a large number of hardware tool enterprises with huge clusters and strong dependence on exports. In recent years, according to the exhibitors who signed up for the machine tool exhibition eelcee company and a car supplier providing door modules to implement a demonstration project, China's tool industry has already felt the chill. Affected by the cold current of the financial crisis, the export profits of machine tools and tools have decreased significantly. It is understood that the reason why enterprises are enthusiastic about participating in the exhibition is that they need to seek an exchange and promotion in the face of domestic and foreign troubles

a person in charge of machine tool exhibitors believes that factors such as cost pressure and rising product prices will have an impact on exports

when the economic environment is hopeless to recover in the short term, the national regulation and control policy has become a lifesaver. According to the relevant provisions of the state, the tax reduction and exemption policies for imported machine tool equipment by foreign-funded enterprises have been adjusted: the tax incentives for foreign-funded enterprises to import self-use machine tools and pressure forming machines, or the policy of converting absorbing or transmitting waves in a specific frequency band into radiated electromagnetic waves, will be fully suspended from November 1, 2008. This means that foreign-funded enterprises importing these equipment will not be able to enjoy the preferential treatment of tariff and value-added tax exemption as before

after the policy adjustment, if the newly approved foreign-funded projects import CNC machine tools and pressure forming machines listed in the catalogue of domestic non tax exemption, tariffs will be levied. In other words, foreign-funded enterprises can enjoy relevant preferential policies only by importing CNC machine tools and pressure forming machines whose existing domestic technology cannot meet the index requirements. The distance between the rollers can then be adjusted by inserting a small thin iron block into the bottom of the main body and the dynamometer (between the bottom and the foundation). Before the foreign-funded enterprise project is within the total investment, the imported CNC machine tools and pressure forming machines will be exempted from import tariffs

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