China Exempts Certain Technical Equipment Parts from Import Tax
Xinhuanet.com reports that according to a circular issued by China's Ministry of Finance, Chinese domestic manufacturers of items of large technical equipment have been exempted from customs duties and import value-added tax for the necessary import of crucial equipment parts…
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and raw materials since June 1. The exemption applies to producers of certain technical equipment for environmental protection and resource utilization, emergency diesel generator sets, automatic luggage sorting systems used in airports, and heavy die forging hydropresses.