New regulations on import taxation are conducive to improving the market space of machine tools

Recently, the Ministry of Finance, the National Development and Reform Commission, the General Administration of Customs, and the State Administration of Taxation jointly issued the Catalogue of Imported Commodities not Subject to Tax Exemption for Domestic Investment Projects (Adjusted for 2012) (hereinafter referred to as "the Catalogue"), which is based on the 2008 Catalogue. The revised new catalog will be implemented from January 1, 2013.

It is reported that the "Catalogue" is the main basis for the implementation of the tariff-free policy for imported equipment. The total number of items in the "Catalogue" after this adjustment is 944 items. This adjustment item involves a total of 454 items, accounting for about 48% of the total number of items. Among them, in the major categories of machine tools and forging and casting equipment, a total of 14 new items were added, 47 technical specifications were adjusted, 7 equipment names were adjusted, and 3 tariff numbers were adjusted, including drilling machining centers (except for gantry machining centers). Milling center (except gantry machining center, turning and milling complex machining center) and closed four-point multi-link press. New related items in the machine tool industry include turning and milling compound machining centers (composite machine tools), CNC falling wheel lathes, CNC vertical grinders, CNC gear shaping machines, CNC rack and pinion machine tools, and CNC deep hole drilling boring machines (including CNC deep hole boring machines ), CNC honing machine tools, deep hole honing machine tools, multi-station sheet metal forming machine presses and automatic feeding devices, multi-station mechanical cold forging presses and automatic feeding device, progressive die presses and automatic feeding devices. At the same time, the revision also adjusted the names and tax numbers of some equipment items in the original catalogue. The main purpose of the amendment was to meet the need for the re-version of tax rules and facilitate the operation and use of administrative departments, customs declaration companies and taxpayers.

The Customs Department of the Ministry of Finance stated that the issuance of the “Catalogue” will further strengthen the coordination between tax policy, trade policy and industrial policy, promote the role of import in supporting economic restructuring, support the promotion of enterprises’ ability to independently innovate, and develop strategically. Industrial development and industrial transformation and upgrading. The four ministries and committees have revised the “Catalogue” on the basis of widely soliciting opinions from various regions, departments, industries, and enterprises, based on the changes in the level of domestic related industrial technology and production capacity in recent years. The revision mainly follows the following principles: First, continue to support enterprises in introducing advanced technology equipment that cannot be produced domestically, and promote industrial upgrading and technological progress; second, provide companies with fair and reasonable external environment for the purchase of domestically-produced equipment under the same conditions, and promote equipment. The healthy development of the manufacturing industry; the third is to effectively balance the needs of upstream and downstream industries and equipment manufacturing and use departments.