Four ministries benefit high lumen led lights industry

Four ministries benefit high lumen led lights industryMarch 12, the four departments of the Ministry of Finance jointly issued a notice from April 1 this year, led high bay the domestic will be a major technology and equipment import tax policies related equipment and products directory, import key parts and materials directory, high lumen led lights, imports will not be tax-free equipment and product catalog to be adjusted.

Directory of customs duties and import VAT adjustment, an additional 28 major technical equipment, marine equipment, high lumen led lights, solar energy applications, LED devices three emerging industries as the most obvious benefit of the plate.

Tax policy flexibility to adjust high lumen led lights,

Ministry of Finance, Industry and Information Technology Ministry, the General Administration of Customs and the State Administration of Taxation jointly issued a notice on the adjustment of the major technologies and equipment import tax policy directory, high lumen led lights, clear the latest revision of this year, the state supports the development of major technical equipment and products Catalog “.

Four department also revised the imports shall be exempted of major technical equipment and product catalogs, high lumen led lights,and approved in accordance with or after April 1 this year, mutatis mutandis, the provisions of the State Council Notice on the Adjustment of Imported Equipment Taxation Policies to enjoy import tax preferential policies related projects and enterprises, self-use equipment in accordance with the contract with the above equipment imported technology and component parts, spare parts listed in the import of the new directory will always act according to the imposition of import tariffs.

For the adjustment of the directory, the experts said, it is mainly based on structural adjustment and industrial upgrading needs. In recent years, domestic equipment manufacturing industry to achieve rapid development, high lumen led lights, in addition to the growth in demand for the leading role of the major technologies and equipment tax policy is also to provide support to reduce the cost of the core technology and key equipment imported.

The directory adjustment has a positive significance in two aspects. First, the gradual adjustment of the whole tax policy of the major technologies and equipment for tax exemptions on imported key components, which is conducive to the realization of the import substitution of the major technologies and equipment; high lumen led lights, is included in major emerging industry for some yet to be developed but the lack of core technology and key equipment directory of the technology and equipment tax policy, contribute to the adjustment of industrial structure, to achieve the rapid development of new energy, high-end equipment, and other emerging industries.