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Adjustment of Import Duties on Technical Equipment, Components and Raw Materials

A number of changes have been made to the import duty exemptions for technical equipment, related components/spare parts and the raw materials required for their construction. In line with this, the Ministry of Finance, the National Development and Reform Commission and several other government departments have jointly issued updates to the three catalogues that detail the prevailing regulations. The changes were announced in the recently-circulated Notice on Adjusting the Catalogues of Import Tax Policies for Major Technical Equipment, with the key alterations listed below:

The Catalogue of Major Technical Equipment and Products under State Support

Several types of technical equipment deemed to be still in the early stage of development in China have been added to this catalogue, while other domestically-produced equipment now seen as having reached a mature stage of development as well as enjoying substantial upstream and downstream support, have been deleted.

The Catalogue of Imported Major Technical Equipment and Products Not Eligible for Tax Exemptions

Several categories of technical equipment which have gained a particular competitive edge have been deemed to no longer require import duty exemption.

The Catalogue of Key Components and Raw Materials Imported for Major Technical Equipment and Products

Tax exemption has been extended to a range of spare parts and raw materials deemed to be economically essential.

The policy of permitting duty waivers in the case of technical equipment, components and raw materials deemed to be essential for the country’s planned overhaul of its equipment manufacturing industry was introduced in August 2009. This saw domestic enterprises that could demonstrate a need to import key parts and raw materials for the production of technical equipment or products under state support granted exemptions both from customs duty and from import related value-added tax.

For further details (in Chinese), please access the following link:

Notice on Adjusting the Catalogues of Import Tax Policies for Major Technical Equipment

Content provided by Picture: HKTDC Research
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