Development Of Mechanical Parts

The notice issued on the 23rd pointed out that the import declaration time of enterprises shall prevail. Starting from January 1, 2007, domestic enterprises will import large-scale open-pit mining machinery forward shovel excavators and large-scale coal mining equipment from January 1, 2007. Import duties and value-added tax paid for some key parts and raw materials are subject to "collection before refund". The tax refunds are treated as state investment and converted into state capital, which is mainly used for the research and development of new products of the enterprise. The notice identified the specific models and types of excavators and coal mining equipment, such as electric traction shearers, scraper conveyors, scraper transfer machines, hydraulic supports, lifting equipment, large crushing stations, and so on.