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Large-scale Mining Equipment Import Tax Policy Has Changed May 23, 2018


In order to implement the requirements of the State Council's adjustment and revitalization plan for the equipment manufacturing industry, and with the approval of the State Council, in August 2009, six ministries and commissions including the Ministry of Finance jointly issued a major technology equipment import taxation policy, and domestic enterprises that meet the prescribed conditions are supported for the development of the country’s production support. The major technical equipment or products that are really necessary to import certain key components and raw materials (such as rock splitter, DTH drill, Jack)which are exempted from customs duties and import value-added tax。