UHV equipment will enjoy import tax benefits

The Ministry of Finance, the National Development and Reform Commission, the General Administration of Customs and the State Administration of Taxation recently issued the "Notice on Implementing the State Council's Several Opinions on Accelerating the Revitalization of the Equipment Manufacturing Industry on Import Tax Policies", indicating that 16 major UHV transmission and transformation equipment, etc. Key areas of technical equipment will enjoy preferential import tax policies. In this regard, the majority of grid equipment manufacturers are very pleased.

It is understood that the State Council has determined that it has a significant effect on promoting the sustainable development of the national economy. It has 16 major technical equipment key areas that have positive effects on structural adjustment, industrial upgrading and enterprise innovation. UHV transmission and transformation equipment includes 1000 kV. High-voltage AC and ±800 kV DC power transmission and transformation equipment, 500 kV AC and DC and 750 kV AC power transmission and transformation key equipment are included. Will enjoy the special import tax policy formulated by the Ministry of Finance and other departments.

According to relevant regulations, some key components that enterprises need to import in the manufacture of power transmission and transformation equipment. As well as the import tariffs and import-related value-added tax paid by raw materials that cannot be produced domestically, the first-rate retreat policy is implemented.

The tax refund is treated as state investment and transferred to state capital for the development and production of new products and the building of independent innovation capabilities.

At the same time, the major technical equipment areas that enjoy this preferential policy are large-scale clean and efficient power generation equipment, including a million kilowatt nuclear power unit, a supercritical thermal power unit, a gas-steam combined cycle unit, and an integrated gasification gas-steam combined cycle unit. Large-scale circulating fluidized bed boilers, large hydropower units and pumped storage hydropower station units, large air-cooled power station units and high-power wind turbines and other new energy equipment.
The authenticity of this information has not been confirmed by the international electrical network, for your reference only.

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