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The Ministry of Finance, the General Administration of Customs and the State Administration of Taxation jointly issued the "Notice on the Relevant List of Interim Provisions on Adjusting Import Tax Policies for Major Technical Equipments", and adjusted the scope and scope of preferential taxation on import of some major technical equipment. According to the notice, the automatic winder (except for the fine-linking form) and the air-jet looms are listed in the “Important Technical Equipment and Product Catalogue (No. 2010 Revision)”, which will no longer enjoy the exemption of tariffs and import links. VAT policy offers.

According to the "Notice of the Ministry of Finance, the National Development and Reform Commission, the Ministry of Industry and Information Technology, the General Administration of Customs, the State Administration of Taxation and the National Energy Administration on Adjusting the Import Tax Policies for Major Technical Equipments" issued in 2009, according to the development of relevant domestic industries On the basis of extensively listening to the opinions of relevant competent authorities, industry associations and enterprises, the Ministry of Finance, the General Administration of Customs and the State Administration of Taxation issued the Notice on the Relevant List of the Interim Provisions on the Adjustment of Import Tax Policies for Major Technical Equipments on April 13. (hereinafter referred to as the Notice), it was decided to adjust the equipment catalogue and commodity list attached to the Interim Provisions on Import Tax Policies for Major Technical Equipment.

The notice pointed out that the "National Support for Development of Major Technical Equipment and Product Catalogue (Revised in 2010)" and "Important Key Parts and Components for Imports of Major Technical Equipment and Products (Revised in 2010)" will be implemented as of April 25, 2010. Goods that meet the specified conditions are exempt from customs duties and import value-added tax. The range of new textile machinery products has not been adjusted, the key components of automatic winder: electronic yarn clearer, air splicer, mechanical splicer, grooved tube, key components of high-speed air jet looms: electronic dobby Device, active cam opening device, electronic jacquard device, brown frame, steel file, heald and polyester staple fiber equipment, high-speed viscose filament continuous spinning machine, high-efficiency modern cotton spinning equipment, electromechanical integrated rapier loom Imports of key components and raw materials are still subject to preferential policies for exemption from customs duties and import value-added tax.

The Importation of Major Technical Equipment and Product Catalogues Not Exempted from Taxation (Revised in 2010) will be implemented as of April 26, 2010, and will be imported into the “Important Technical Equipment and Product Catalogue of Imports Not Exempted from Taxation (Revised in 2010)”. Import taxes shall be levied on the self-use equipment and the technical and accessory parts and spare parts imported in accordance with the contract. The automatic winder (except for the fine-linking form) and air-jet looms are listed in the “Important Technical Equipment and Product Catalogue (Improved in 2010)”, which will no longer enjoy the exemption of tariffs and import value increments. Tax policy benefits.

Experts in the industry believe that domestic automatic winders and air jet looms can partially replace imports, so the import of automatic winders and air jet looms is no longer tax-free. Some key components of equipment such as automatic winders and air jet looms have not yet been localized. Therefore, the import of these key components and raw materials is still subject to the policy of exemption from customs duties and import value-added tax.