The Exemption Approval of the Import Equipments of Foreign Investment Enterprises
The bases for approval
Circular of the State Council Concerning the Adjustment in the Taxation Policy of Import Equipment
Conditions for projects to be approved
1. Chinese-foreign equity joint ventures, Chinese-foreign contractual joint ventures and foreign-capital enterprises:their projects shall be among the encouraged ones which are listed in the Catalogue for the Guidance of Foreign Investment Industries promulgated by the state; their projects shall be among the encouraged ones which are listed in Catalogue of Priority Industry for Foreign Investments in Central and Western Areas promulgated by the state.
2. The import commodities are not among the Catalogue of Non-Duty-Free Commodities to be Imported for Foreign-funded Projects promulgated by the state.
3. If the projects have availed themselves of loans from foreign governments or international financial organizations to import electromechanical equipments, the equipments except those non-duty-free equipments prescribed by the state can be exempted from duty
The procedure for projects to be approved
1. The approval documents for the establishment of Chinese-foreign equity joint ventures, Chinese-foreign contractual joint ventures and foreign-capital enterprises(the production projects for automobiles, discs, aviation vehicles shall provide the precedence formalities)
2. The list of import commodities.
3. If the projects have availed themselves of loans from foreign governments or international financial organizations, the approval document for the projects shall be provided;the applications of project owners;the list of import equipments(if especial commodities are concerned, the permission evidence for the electromechanical commodities import shall be provided)
According to the regulations of General Administration of Customs,the applications and relevant documents of applicants which accept equipments donated overseas shall be handled in Chongqing Customs.