Home / Knowledge / News / Textiles / China cuts duty on rotary flat screen printing machine
China cuts duty on rotary flat screen printing machine
22
Feb '12
The Ministry of Finance – China recently revised import tariffs on a number of goods, in which import duty on rotary flat screen printing machine has been reduced.

Tariff on textile rotary screen flat screen printing machine has been reduced from 8 percent to 6 percent in 2012, while those on other textile machinery and accessories stay unchanged.

Among them, air-jet looms and ring spinning machines, compact spinning device still attract zero duty, automatic winding machines, dobby or jacquard (speed of 500 rev / min or more) attract 4 percent import tariff.

Winding spindles, electronic yarn clearer, air splicer, weft, warp devices, other spare parts used on looms and their auxiliary machine attract 3 percent tariff rate. Sanding machine and mercerizing machine attract 10 percent duty.

The reduction of import tariff is undoubtedly a good measure for textile enterprises that will import equipment. With lowered import tariffs this year, enterprises can save about 100,000 Yuan of tariff, when they import printing machine equipment.

The measure will also to a certain extent play a role in promoting textile enterprises to introduce modern technology.

Fibre2fashion News Desk - China


Must ReadView All

Apparel/Garments | On 26th Jun 2017

GSTN registration reopens

E-commerce operators and TDS (tax deducted at source) deductors can...

Textiles | On 26th Jun 2017

Expedite release of ROSL pending claims: TEA to Centre

The Tiruppur Exporters' Association (TEA) has again urged Union...

Textiles | On 26th Jun 2017

'Export promotion schemes to continue under GST regime'

The export promotion schemes will continue under GST regime, said...

Interviews View All

Abhishek Ganguly
Puma India

‘As a brand, Puma is always looking for new and innovative ways to inspire ...

Darshan Mehta
Infinium Polychem

We are spending double digit figures on R&D

Nitin Bhatia
Trend Arrest

Setting up a brand for online selling is easy, but running the brand is not

Mohammad Hassan
Biax Fiberfilm

About one in every 20 patients picks up an infection while hospitalised....

Lynda Kelly
Suominen Corporation

Suominen Corporation is a manufacturer of nonwovens as roll goods for...

Kai Poehler
Voith Paper GmbH & Co. KG

The glass mat industry is growing by five to eight per cent annually. Kai...

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing and...

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

news category


Related Categories:
July 2017

July 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search