Adjustment of export tax rebate rate of 35 most po

Adjustment of export tax rebate rate of 35 kinds of machine tool products

according to the notice of the Ministry of Finance General Administration of Taxation on increasing the export tax rebate rate of value-added tax on labor-intensive products and other commodities through the new model Bureau of "partners", China will adjust the export tax rebate rate of 3770 products, involving a total of 35 tax numbers in the machine tool industry, such as cutting tools, plug-in and pull planers, woodworking machine tools and machine tool parts

this adjustment is mainly divided into three types: the export tax rebate of 9 cutting tools is increased from 5% to 11%, the export tax rebate rate of 7 slotting and drawing planers is increased from 11% to 13%, and the export tax rebate rate of 19 woodworking machine tools and machine tool parts is increased from 13% to 14%

the overall impact on the machine tool industry is limited.

the increase in the export tax rebate rate is a decision made against the background of the decline in the export growth rate of various industries in China since this year. According to expert analysis, this measure will effectively promote the overseas market sales of some machinery sub industry products, increase enterprise profits, and thus have a more beneficial impact on the entire machinery industry

for the machine tool industry, the adjustment range of tool products is the largest this time, with 9 products increased by 6%. Shen Zhuangxing, Secretary General of the tool branch of China Machine Tool Industry Association, said in an interview that the introduction of this national policy is mainly related to the current economic situation. Although the tool industry is at the front end of the machine tool industry chain, and the impact of this year has not yet been fully revealed, from the current industry to adhere to the trend of continuous innovation, the prospect of next year is not very clear. In fact, the export tax rebate of tool products just fell in the second half of last year, and then adjusted back a year and a half later, which may be related to the idea of the state to save the market. However, from the perspective of the overall tool industry, the impact of this policy is limited. Some large tool enterprises in the industry, such as tool factories in all industries in Shanghai and Harbin No.1 Engineering Co., Ltd., basically do not export cutting tools. Even if a small part of the products are exported, they are also produced by outsourcing and OEM, and the benefits are not obvious. They benefit from the maintenance of oil sources: regularly check whether there are oil leaks at the main engine and oil sources. In this policy, it is mainly those small and medium tool enterprises that mainly export

last year, the output of high-speed steel cutting tools in the whole industry reached 3.2 billion, which is far more than 87million in Japan. We can imagine how much resources this will consume and how much adverse impact it will have on the environment. At present, entrusted by the Ministry of industry information, they are conducting industry research, whose purpose is to formulate and implement more appropriate industry policies

it is understood that high-speed steel cutting tools do have problems of low technical content, low industry threshold, limited profit space and low product benefits. China exports nearly 2billion tools every year, but the average price of each export tool is only $0.20, which is only equivalent to 1/20 of similar tools in Japan. Therefore, the state's encouragement for the export of such cutters may be inconsistent with the industrial structure adjustment in the long run

in addition, the other 26 machine tool products that increase the export tax rebate rate mainly involve non mainstream machine tools with a relatively small number of applications, such as planers, slotting machines, broaching machines, etc., which are not the main products produced by the majority of machine tool enterprises, so the impact of tax rate adjustment is limited

individual benefits are obvious

although the impact of this export tax rate adjustment on the industry as a whole is limited, the situation is different for some machine tool enterprises that mainly export

Jiangsu Feida group is a private enterprise originally developed from township enterprises. Now it is not only well-known among tool manufacturing enterprises, but also its annual export quota is among the best in the machine tool industry in China. In an interview with Mr. Zhang, the foreign trade department of Feida group, we learned that Feida, as a large-scale production enterprise of domestic tools, has an annual output value of more than 2billion yuan. The adjustment of the national export tax rebate rate is very good for them, because the "drilling tools for working parts made of other materials" listed in the policy, namely high-speed steel fried dough twist drills, is a product they export in large quantities. According to reports, such products account for more than 80% of their total exports

Mr. Zhang also said that the adjustment of the export tax rebate rate is good for enterprises, but it is obviously not enough for enterprises to rely only on national policies to develop, and it is more important to practice their internal skills. Since this year, the economic situation has changed and the international market is shrinking. They have taken a positive response to this, appropriately increasing the proportion of domestic trade and extending the industrial chain. In 2006, they officially put into production plate production, with a current production capacity of 1.2 million tons, and are an important medium and heavy plate supplier in Jiangsu Province and even central China. At the same time, Feida board has successfully introduced overseas private equity funds and achieved a capital increase of US $50million to the company this year. At present, the group has more than 6000 staff, and has not been reduced due to the industry situation

the adjustment of the export tax rebate rate, which will begin on December 1, is only one month away from the previous adjustment, and the scope of this adjustment is wider. The new export tax rebate standard implemented on November 1 involves only one kind of goods in the machine tool industry, namely, CNC machine tools and carbide knives. The specific name is metalworking machinery knives and blades made of cemented carbide (for metal processing), commodity code, and the tax rebate rate is increased to 11%. This time, more than 3700 products have been adjusted, including 35 related to machine tools, and the improvement of tools is the highest, up to 6%. In the past two months, the state has promised to invest 4trillion yuan by 2010 in order to expand domestic demand, and has also issued many supporting new policies accordingly. Moreover, more policies are expected in the future. For enterprises, timely attention to national policies may be beneficial