Ministry of Finance exempts some import tariffs from OLED production enterprises

The Ministry of Finance announced on the 26th that from January 1, 2009 to December 31, 2011, the building materials, supporting systems and production equipment for clean room that cannot be produced in the domestic OLED display panel (OLED) manufacturing enterprises are zero. Accessories, exempt from import duties and import value-added tax.

The Ministry of Finance's "Notice of the Ministry of Finance on the Tax Policy for Imported Materials of New Display Device Manufacturers" states that importing domestically produced raw materials (including R&D) raw materials and consumables that cannot be produced domestically is exempt from import duties, but still The import value-added tax shall be levied according to the regulations

The Ministry of Finance also announced the list of raw materials and consumables for self-use (including research and development) exempted from import tariffs. The deadline for the implementation of import tax exemption for some products is December 31, 2010.

According to the announcement, the materials imported by the organic light-emitting diode display panel manufacturer in accordance with this notice can only be used for the production and equipment maintenance of the enterprise, and may not be transferred or used for other purposes. Companies that violate the policy will be disqualified from the policy.

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