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Duty exemptions for Shanghai FTZ imported equipment

Duty exemptions for Shanghai FTZ imported equipment

Manufacturing and production service businesses in the newly launched Shanghai Free Trade Zone (FTZ) will get their imported equipment duty-free, China’s finance, customs and taxation regulators announced on Thursday.

The exemption will be applied to such enterprises’ imports of machines, equipment and other necessary goods for manufacturing, according to a new tax policy released by the Ministry of Finance, the General Administration of Customs and the State Administration of Taxation.Duty exemptions for Shanghai FTZ imported equipment

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