Four ministries exempt technical equipment LED industry benefit

In March 12th, the Ministry of Finance and other four departments jointly issued a notice, from April 1st this year, China will import tax policies of major technical equipment related equipment and products catalog, imports of key parts and raw materials import directory, not duty-free equipment and product catalogue to be adjusted.

In the tariff and import value-added tax directory adjustment, the addition of 28 major technical equipment, marine equipment, solar applications, LED equipment and other emerging industries have become the most obvious benefit of the three sector.

Flexible adjustment of tax policy

The Ministry of finance, Ministry of industry and information technology, the General Administration of customs and the State Administration of Taxation on the jointly issued "on the adjustment of major technical equipment import tax policy notice" clearly this directory, the latest revision of the "national support for the development of major technical equipment and products directory" and "major technical equipment and products imported key parts and raw materials the list of goods" will be implemented on April 1, 2012, where the required conditions for the production of the new domestic enterprises listed in the directory of major technical equipment and products and related parts import list of raw materials and commodities, will be exempt from customs duties and import value-added tax.

The four Department also revised the "import of non tax free of major technical equipment and products directory", the relevant provisions of the project to enjoy the preferential import tax policies and enterprises for approval after April 1st this year in accordance with the "State Council on or by adjusting the tax policies for imported equipment notice", as listed in the catalogue for the import of new equipment and in accordance with the contract with the above technology and equipment imported equipment and spare parts will be levied on import tariffs.

For the adjustment of the directory, experts said that this is mainly based on the need for structural adjustment and industrial upgrading. In recent years, the domestic equipment manufacturing industry has achieved rapid development, in addition to the leading role of demand growth, major technical equipment tax policy also provides support to reduce the cost of imports of core technologies and key equipment. However, with the improvement of China's major equipment technical capabilities, the introduction of advanced equipment and equipment between the increasingly prominent contradictions.

The directory adjustment has two aspects of positive significance. One of the major technical equipment duty-free policy gradually adjusted to the implementation of duty-free imports of key parts and components, is conducive to the implementation of major technical equipment import substitution; two is the emerging industry to development but the lack of core technologies and key equipment included in the tax policy of major technical equipment directory, contribute to the adjustment of industrial structure, implementation the rapid development of new energy, high-end equipment and other emerging industries.

Emerging industries benefit significantly

Import tax policy directory adjustment shows that a total of 28 categories of major technical equipment to become new varieties. Among them, thousands of tons of oil refining equipment, natural gas pipeline transportation equipment, equipment and other large ships in July 2011 "on the adjustment of the three generation nuclear power units and other major technical equipment import tax policy notice" is embodied in the. For truly new varieties, mainly concentrated in three areas: marine equipment, solar energy applications and LED equipment.

There are 4 types of marine engineering equipment will enjoy duty-free treatment of imports, namely: offshore floating production storage and offloading equipment, deep-sea pipe laying ship (platform), a large floating crane ship, offshore and intertidal fan installation ship. For the development of marine resources demand both at home and abroad, China will increase the intensity of the future development of marine engineering equipment, offshore wind power generation, desalination and comprehensive utilization, marine renewable energy, marinemineral are focused on the development direction.

In March 12, the Ministry issued the "ship industrial" 12th Five-Year "development plan", to promote the development of marine engineering equipment manufacturing industry was listed in order to optimize the industrial layout, focus on technology innovation and development mainly focus on the equipment requirements of deepwater oil and gas fields, the implementation of deepwater drilling ship, deepwater super large floating production storage and Offloading Unit, semi submersible platform, offshore wind turbine installation vessel, LNG floating production storage and Offloading Unit etc..

Semiconductor light-emitting diode (LED) production equipment added 3 types of equipment, namely: metal organic chemical vapor deposition equipment, plasma etching machine, indium tin oxide (ITO) sputtering table. LED is a technology oriented industry, especially technology and capital intensive chip manufacturing, the need for high-end equipment to provide support. However, under the "bottleneck" similar to the investment boom of the semiconductor industry, there is still a problem of speed matching between equipment development and industrial expansion, especially in the field of high-end equipment. The plasma etching machine as an example, etching machine more capacity, higher performance requirements become mainstream LED enterprises, longer maintenance period and convenient man-machine interactive interface is also for the production line equipment necessary conditions.

Solar cell production equipment 5 new equipment, respectively: plasma enhanced chemical vapor deposition equipment, low pressure chemical vapor deposition equipment, physical vapor deposition equipment, silicon wire cutting machine, automatic printing machine. At present, China's thermal power industry is still in its early stages of development, compared with the United States and Spain and other countries, the key technology is not autonomous, the core equipment is not domestic.

Although from the beginning of the second half of 2010, the domestic solar photovoltaic industry has a serious problem of development, however, the future development of renewable energy is the trend of the world, solar energy is an important direction of renewable energy. Through the introduction of tax