Guidance: The notice is clear that from January 1, 2016 to December 31, 2020, projects for oil (natural gas) extraction in China's oceans cannot be produced at the import or the performance cannot meet the requirements, and are directly used for mining operations. The equipment, instruments, spare parts and special tools within the scope of the list of tax-exempt materials shall be exempted from import duties and value-added tax for import within the specified tax-free import quota. According to the latest news, the Ministry of Finance, the General Administration of Customs, and the State Administration of Taxation issued two circulars in a row to clarify the taxation policy on the exploitation of oil (natural gas) imported materials in certain areas of China's land and during the “13th Five-Year Plan†period. There are 297 items in the list of tax-exempt materials, involving instruments such as x-ray diffractometers and laser particle size analyzers. Cpe Frosted Zipper Bag,Customized Cpe Plastic Bags,Cpe Frosted Self-Adhesive Bags,Frosted Zipper Bag Dongguan Pasike Packaging Co., Ltd. , https://www.dgpasike.com
The specific areas on land referred to in the notification are: deserts in the territory of China, deserts in the Gobi, and Sino-foreign cooperative exploitation (referring to exploration and development, similarly hereinafter). Nationally approved land petroleum (natural gas) winning bid blocks (cooperative blocks for foreign negotiations) Consider the winning bid block). The oceans referred to are: China's inland seas, territorial seas, continental shelves, and other marine resources under the jurisdiction of the jurisdiction (including shallow beach).
The circular made it clear that from January 1, 2016 to December 31, 2020, self-operated projects for oil (natural gas) extraction operations in deserts and deserts within the territory of China’s territory cannot be produced at the importation site or the performance cannot meet the requirements. The equipment, instruments, spare parts, and special tools within the scope of the list of tax-exempt materials directly used for mining operations shall be exempted from import duties within the specified tax-free import quotas; and the bid for the onshore oil (natural gas) approved by the state The Sino-foreign cooperation projects for oil (natural gas) production within the block shall be exempted from imports within the scope of the specified duty-free import quota for imports within the country that cannot be produced or whose performance does not meet the requirements and are directly used in the list of duty-free materials for mining operations. Import tariffs and import value-added tax.