High-end CNC machine tool is a major special import tax policy adjustment

In order to support the country’s major strategic and major engineering research and development, the Ministry of Finance, together with the Ministry of Science and Technology, the National Development and Reform Commission, the General Administration of Customs, and the State Administration of Taxation, issued a “Circular on Major Import and Export Tax Policies for Science and Technology” recently, and decided that since 2010, From July 15th onwards, the key equipment and parts that can not be produced domestically for the enterprises that undertake the “National Long-Term Scientific and Technological Development Plan Outline (2006-2020)” Zhongmin Science and Technology Major Special Projects Raw materials are exempted from import duties and import value-added tax.

According to the notice, in addition to companies undertaking projects, they also include universities, research institutes and other institutions.

The major projects of Minkou Science and Technology are high-tech industries, including core electronic devices, high-end general-purpose chips and basic software products, VLSI manufacturing equipment and complete sets of processes, a new generation of broadband wireless mobile communication networks, and high-end CNC machine tools and foundations. Manufacturing equipment, large-scale oil and gas fields and CBM development, large-scale advanced pressurized water reactors and high-temperature gas-cooled reactor nuclear power plants, water pollution control and treatment, cultivation of new varieties of genetically modified organisms, creation of major new drugs, and prevention of major infectious diseases such as AIDS and viral hepatitis.

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