08/08/2014 Industrial Equipment
import duty india on mineral machinery from china - Mining Machinery
Shanghai XSM machinery co., LTD is a large stone production line, sand production line is given priority to,
set design, manufacture, sales and service as one of the international high-tech heavy equipment manufacturing company, the production of broken equipment, sand making equipment, milling equipment, mineral processing equipment such as series of products are widely used in mining, metallurgy, chemical industry, building materials, road construction XiuBa, airport construction, Bridges, tunnels, high-speed railway and other industries, is an essential part of national modernization construction equipment of one of the important suppliers. The main products are: jaw crusher, counterattack crusher, sand making machine (vertical shaft impact crusher), hydraulic spring cone break, sand washing machine, milling machine, Raymond mill, mobile crushing station, sand production line, stone production line, vibrating screen, vibrating feeder, belt conveyor, etc. Series of products.
import duty in india on mineral grinding machinery from china
Although the Indian market is much smaller than China market capacity, but there is a strong profitability, and even can be said that India’s construction machinery market is in addition to China, the world’s most development potential and prospects of the construction machinery market.
India is the biggest construction machinery demand for real estate and construction aspects of construction machinery and equipment. This is mainly due to the Indian government to increase infrastructure construction and support efforts to promote real estate in the high state. However, the Indian domestic construction machinery industry market low base, the slow development of the huge market demand in the international mining industry, manufacturers and parts suppliers offer plenty of opportunities.
Therefore, some Indian mining industry companies in the case of domestic demand, they will choose to neighboring countries and India (China, Myanmar, Bangladesh, Nepal, etc.) imports, which are mostly imported from China, is not only a geographical advantage, but in recent years, China’s import tariffs slashed.
Chinese Ministry of Finance recently released “2014 tariff plan”, 767 kinds of imported commodities will be lower than MFN rates of provisional annual import tax, the average discount rate of 60%.
Experts point out that reducing tariffs on imported goods, is conducive to the development of China’s import and export trade, but also conducive to the country’s merchandise exports to expand the market and help the recovery of the world economy, it is a win-win thing.
Based on free trade agreements or tariff agreements between China and relevant countries or regions signed. In 2014, continued originating in ASEAN countries, Chile, Pakistan, New Zealand, Peru, South Korea, India, Bangladesh and other countries, some of the imported product implementation agreement rate, in part to further reduce the tax rate. Under the Mainland and Hong Kong and Macao Closer Economic Partnership Arrangement framework, originating in Hong Kong and Macao and has developed standard products preferential origin implementation of zero tariff.
In 2014, China will import and export tariff on the part tariff adjustment, additional CNC crankshaft grinder, 3D printers, welding robots, crystal, tourmaline, mining industry and other tax items. After adjustment, the total import and export tariff of 2014 from the 2013 to 8277 of 8238.import duty india on mineral machinery from china to provide a favorable guarantee. Let Indian companies get huge profits.