ANNOUNCED AS TEMPORARYNo
On 26 March 2013, the Ministry of Finance (MOF), the Ministry of Industry and Information Technology (MIIT), the General Administration of Customs (GAC) and the General Administration of Taxation (GAT) jointly released a Notice on Adjusting Import Taxation on Key Technological Equipments.
In accordance with the Notice, in case a qualified domestic enterprise needs to import certain key components and/or raw materials, no custom duty or import VAT will apply. The products concerned are:
DC field equipment for high-speed railway signaling systems, garbage fine sorting systems and equipments, lifting fire engines, dyeing machines, new agricultural machinery, solar equipment, integrated circuits, key equipment, new flat panel display production equipment, lithium-ion battery equipment, electronic components production equipments.
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