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Circular of the State Administration of Taxation on the Issue of Duty Drawback of Exporting the Textile Mechanism

"Letter on the case of requiring China Huayuan Group Ltd. company and other enterprises to be put on the list of companies exporting the textile mechanism for the sum duty drawback "has been received from the State Administration of Textile Industry, reflecting that the companies not included in the list of Circular cannot enjoy the policy of the sum duty drawback and affect the exports of the textile mechanism after delivery of Circular on the increasing rate of duty drawback for exporting the textile mechanism (CaiShuiZi [1998] No.107, hereinafter referred to Circular )by the State Administration of Taxation and the Ministry of Finance. In order to carry out the spirit of encouraging the exports of the textile mechanism purposed by the State Council, after consideration and study, the following should be clarified...


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