Customs on investment projects imported equipment tax reduction and exemption policy regulations

(1) For foreign-invested projects in line with the Encouraged and Restricted Category B of the Catalogue of Industries for Foreign Investment and transfer of technology, the equipment imported for self-use within the total investment, except for the commodities listed in the "Catalogue of Imported Commodities Not Exempted from Duty for Foreign-Invested Projects", shall be exempted from customs duty and import link value-added tax. For qualified foreign investment projects, the project approval unit (autonomous region of foreign trade and economic cooperation or autonomous region of the Economic Commission) explicitly approved, and issued "the state encourages the development of domestic and foreign investment project confirmation," the Customs and Excise Department based on the confirmation of the project, against the "foreign investment projects are not exempted from the duty-free imported goods catalog," the imported equipment tax exemption procedures.

Foreign government fa and international organizations loan projects imported equipment for their own use, processing trade equipment supplied by foreigners are not valued imported equipment, compared with the implementation of the above provisions.

(2) For domestic investment projects in line with the Catalogue of Industries, Products and Technologies Currently Encouraged by the State, the equipment imported for self-use within the total amount of investment shall be exempted from tariffs and value-added tax on imports, except for the commodities listed in the Catalogue of Imported Commodities Not Exempted from Tariffs and Taxes for Domestic Investment Projects. For eligible domestic projects to encourage the project, by the project approval unit (autonomous region planning commission or autonomous region economic and trade commission) explicitly approved, and issued "the state encourages the development of domestic and foreign investment projects to confirm", the Customs and Excise Department based on the confirmation of the project, against the "domestic investment projects are not exempted from imported commodities catalog", for imported equipment complacent procedures.

(3) For projects in line with the above provisions, in accordance with the contract with the equipment imported technology and ancillary parts, spare parts, are also exempt from customs duties and import VAT.