Yantai Tariff policies

All foreign-funded projects transferring technology within the scope of classifications of Encouragement of the “Industrial Catalogue Guiding Foreign Investment? the equipment to be imported within the projects?total investment in terms of values and for internal use will be exempted tariffs and value-added tax related with import, but the equipment should be excluded in the “Catalogue of Imported Commodities to be Used in Foreign-invested projects and be Exclusively Tax Exempted?
The equipment to be imported of the projects funded by loans from foreign governments and international financial institutions and for its own use, and the unappraised equipment imported by foreign investors in their processing items, shall be granted with preferential treatment in terms of tax exemption as that of the above-mentioned item.

. For those established foreign-funded enterprises, foreign-funded research and development center, foreign-funded enterprise engaging in advanced technology and products export within the scope of classifications of encouragement and restriction , the equipment and its relative technology accessories, spare ports to be imported within the approved operation scope, which cannot be produced in China or whose demand exceeds its supply and for internal use, will be exempted tariffs and other tax related with import, and for internal use, according to “The State Council Notice about Regulating Imported Equipment Tax Policy?

. For those foreign-funded research and development center, the equipment and its relative technology, accessories, and spare parts to be imported within the projects?total investment in terms of value and for internal use, which cannot be produced in China or whose demand exceeds its supply, will be exempted tariffs and other tax related with import.

. Any raw materials, fuel, unassembled parts, spare parts, components and elements, components in set, auxiliary materials and packing materials required for contracts of exporting products imported by foreign-funded enterprises shall be placed in bond. Customs formalities of verification and cancellation shall be completed by the enterprise after process into finished products and re-exporting.

. Catalysts, catalytic agents, abrasives and fuel, etc, imported by enterprises in reasonable quantities consumed directly in the course of processing products for export shall be exempted from import duties and VAT.

. Exception from export duties shall be granted to the exported goods produced by the enterprises of its own, except for those restricted by the states or otherwise provided for.