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    Import Tax Exemption For Key Parts Of Four Types Of Cotton Spinning Equipment

    2011/7/26 14:41:00 30

    Import Tax Exemption For Cotton Spinning Equipment

    The Ministry of finance has recently been exempted from four categories. cotton spinning The notice on Tariffs and import value-added tax of key parts and components of complete sets of equipment will make the enterprises that produce these four types of equipment and import parts and components to be the biggest beneficiaries.


    A few days ago, reporters interviewed the experts in the industry and relevant enterprises responsible for the impact of the new deal on the domestic textile machinery enterprises.


    Xu Wenying, vice president of the China Textile Industry Association, said that the duty of the key parts and components and the value-added tax of the import duty were 150 yuan / hour. The spinning machine with the highest speed of 1500 revolutions / minutes and the combing machine with the maximum speed of 1500 revolutions / minutes and the combing machine with the clamp times of 400 times per minute were the key equipment urgently needed for the structural adjustment of cotton spinning enterprises in China. Domestic enterprises have already developed and produced these equipments in large quantities, but the key components such as wire clothing, pneumatic cradle, leaf spring cradle, cylinder and top comb still need a large number of imports. The exemption of tariffs and import VAT of these components indicates that the state is determined to encourage and support the domestic textile machinery enterprises to accelerate the R & D and production of efficient modern complete sets of equipment. On the one hand, it can reduce the manufacturing cost of the host enterprises, and on the other hand, it will lighten the burden of the textile enterprises appropriately. It is a way to benefit both the host enterprises and the users.


    It is understood that exemption from the four category of cotton spinning equipment Tariff and import value-added tax of key parts and components, which are really enjoyed by the host enterprises, are excluded from import duties, while the value-added tax in the import sector is deducted according to the current regulations on the Provisional Administration of value added tax in China. Even so, the import tariff is only a small sum of money for domestic spinning machinery enterprises with an average profit margin of less than 5%.


    Ji Xin, chairman of the largest blowing carding company, Qingdao Textile Machinery Co., Ltd., told reporters that if the sales price of 1 carding machines was 350 thousand yuan, of which the needle clothing accounted for about 10%~15% of the price of the whole equipment, that is, 40 thousand yuan. If exemption from 6% tariffs, a device can save 2000 yuan, Qingdao spinning machine and Zhengzhou spinning machine two companies each year about 3500 units of annual output of more than 150 kg / hour carding machine, can save about 7000000 yuan.


    At present, domestic made 400 times per minute or more. Comber Most of them need to import imported cylinder and top comb. According to Zhang Yansheng, deputy general manager of Jingwei Yuci branch, Jingwei Yuci spinning machinery company sells about 500 combs in one year, and only imports the duty of Xilin and top comb can save 4 million ~500 yuan for enterprises.


    The pneumatic cradle equipped with the highest spinning speed of 20000 revolutions / mins and the pneumatic cradle and the leaf spring cradle provided by the roving machine with the maximum speed of 1500 rpm are also exempt from customs duties. However, Wu Xiuhua, deputy general manager of China Textile machinery and technology import and Export Corporation, said that the independently developed cradles of China's Changde textile machinery and Yuhua textile machinery have basically met the requirements of domestic textile enterprises. The number of ring cradles matching imported cradles is not large, so the tax exemption policy has not brought great benefits to the spinning machine mainframe enterprises. However, the exported ring spinning machine needs to be equipped with imported pneumatic cradle according to the needs of users. So is the roving machine, and the imported main engine is equipped with imported cradle. Therefore, the tax exemption policy has benefited a lot from the above two types of equipment.


    According to the reporter, the preferential tax policies that can be enjoyed include the development and production of such equipment in China's mainland, and the application of intellectual property rights to the domestic textile machinery manufacturing enterprises, while foreign owned spinning machinery enterprises in China are unable to enjoy this preferential policy because of their research and development and intellectual property rights abroad.

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