Standard Carbide export tax rebate rate increase - Cemented Carbide, tool, export - metal industry

Standard Carbide export tax rebate rate increase - Cemented Carbide

, tool, export - metal industry

From November 1, China began implementing new standards for the export tax rebate, which relates to machine tools Tool Only one kind of commodity trades that CNC Carbide. The specific name of carbide metalworking machine knives and blades (metal processing), product code 8208101000, the tax rebate rate to 11%.

Approved by the State Council, Ministry of Finance, State Administration of Taxation issued "on the improvement of export tax rebate rate of some commodities notice", due to increase part of the labor-intensive and high-tech, high value-added commodities export rebate rate. Is based on the basis of expanding domestic demand, improving export competitiveness of enterprises and support enterprises to expand exports, a policy measure, help to promote steady and rapid economic development.

China Machine Tool Industry Association, Branch Secretary-General Shen Zhuang Xing tool in an interview that he heard the news, very happy, because the industry has been encouraged Carbide Tools Production, increase export tax rebate standards that countries have expressed support.

According to Shen Zhuang Xing, China's main tool of production mainly in two products, namely high-speed steel and carbide cutting tools. Since the production of high-speed steel cutting tools spend a lot of resources, and products low, low prices, the industry did not need encouragement. However, domestic demand for machinery manufacturing industry, and domestic technology, yet transformation tool enterprises, domestic enterprises are still the majority of the tools to produce such tool-based, while exports are also high. Last year, China exported 800 million U.S. dollars knives, most of them are high-speed steel, carbide cutting tools with only a few thousand yuan. Meanwhile, exports of this product structure, leading to international trade friction is also a factor. Although the United States, Germany and other developed countries still have significant tool in our country, but were Spain, South America, some countries Dengjun boycott the event occurred. Therefore, the tool branch repeatedly called on to reduce the export of high-speed steel cutting tools, but no significant change in industry conditions. The export tax rebate for a standard carbide cutting tools to adjust, Shen Zhuang Xing said he hoped to encourage the production and export of such products.

For a drastic increase in the standard tax rate, Shen Zhuang Xing said that while the former relative to the adjusted tax rate of 5%, the callback rate is very large, and the highest tax rate of 14% compared with the data Obviously, there are still some gaps. Overall, this adjustment is equivalent to the level of last year's tax refund.

National standards on the tax rebate adjustment, as the leading domestic enterprises in Zhuzhou diamond tool cutting tool Co., Ltd. (hereinafter referred to as "drilling line") When is the biggest beneficiaries. Last year their sales of 10 billion, of which exports accounted for 10%, and export all of the carbide cutting tools. Strains of overseas department drill Minister Cao said that after the enactment of the new policy, companies can increase profits, improve the competitiveness of enterprises. Export quotas in accordance with strains of drilling, estimated tax return more than 600 million. Cao minister also told reporters that the development momentum in recent years, better strains of drilling, increased corporate profits, export growth of 50%. Strains of drilling products is gradually narrowing the distance with foreign brands, products, high cost of overseas customers have a certain appeal. But also aware of the drill lines in corporate reputation, customer acceptance of terms to be strengthened. In addition, Minister Cao said, although the tax return will get some good strains of drilling, but the state of the industry's support is not reaching the highest point.

Because most of the enterprises of domestic high-speed steel cutting tools of production-based, and even production of carbide cutting tools are mainly oriented to meet the needs of the domestic market, so this positive addition to the obvious strains of drilling, the other companies involved limited, such as Shenzhen Jinzhou, Xiamen Golden Egret, also export some of carbide cutting tools, but not by enough.

Year changes in the domestic economic situation, industry conditions have also been reversed, domestic tools enterprises will face more competition. As the domestic high-speed, efficient tool market share of only 10%, internal tool for businesses, more competition from their foreign counterparts, such as the Mountain Special, Kenner, Mountain High. These foreign companies to establish sales outlets, not only in China but also direct investment in factories, the product directly at the domestic high-end users, to the great pressure on domestic enterprises. Cao Minister said that this year has emerged since the decline in vehicle production, the relevant Mold Industry product landslide, it is estimated that market price will be transmitted to the next tool industry.

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