The drill bit that makes the cutting edge is called a diamond bit. The drill bit is an integrated drill bit, the whole drill bit has no moving parts, the structure is relatively simple, and it has the ability of high strength, high wear resistance and impact resistance. Field use has proved that when drilling in soft-to-medium-hard formations, the diamond bit has the advantages of high speed, long footage, long life, stable operation, few downhole accidents, and good wellbore quality. The diamond bit is not only used for a long time, but also can be reused. The diamond bit returned to the factory has the same effect as the factory diamond bit, which can save a lot of drilling costs. Diamond Drilling Tools ,Diamond Drill Bit,Diamond Tip Drill Bit,Diamond Core Drill Bit Gansu Lanzhou and Wuwei International Land Port Management and Operation Co.Ltd. , https://www.gslwyygs.com
These equipments already have manufacturing capacity in China, and the technical level can already meet the requirements of users, or the market capacity is relatively large. It is possible for China to create manufacturing capacity in the short term. Therefore, it no longer enjoys the advantages of exemption of import tariffs and VAT for imports. This tax adjustment also cancels the super-national treatment enjoyed by some imported products, making the domestically produced similar products have a fair competition environment, and provides conditions for domestic equipment manufacturing enterprises to carry out independent innovation.
However, due to the long period of time during which the list was solicited for comments and brewing, during this period, new developments of domestic manufacturers’ manufacturing products have progressed rapidly. At present, a number of advanced technology equipments, especially a number of major technical equipments, have been put on the market and can satisfy users. demand. Therefore, the industry believes that this tax adjustment policy is still necessary to further improve, and hopes to continue to adjust in three areas.
The first is to add a list of petrochemical general machinery that is not tax-free. For example, a cracking gas compressor, a propylene compressor, and a binary refrigeration compressor in an ethylene plant of 1 million tons or less; a carbon dioxide compressor, an air compressor, a raw gas compressor, and an ammonia refrigeration compressor in a large chemical fertilizer plant; Long-distance pipeline centrifugal compressors; Propylene compressors and synthesis gas compressors in methanol plants; Air compressors, oxygen compressors, nitrogen compressors in large air separation plants; Labyrinth compressors for polypropylene and polyethylene; 48000kW～60000kW blast furnace blower.
Second, the implementation standards for investment projects of domestic and foreign-funded enterprises should be unified. At present, various super-national treatment policies for foreign-funded enterprises in China are still being implemented. For equipment imported from foreign investment projects, except for 20 kinds of consumer electronic products, all equipment imports are free of tariffs and import link VAT. This situation will inevitably make home-made equipment at a disadvantage in competition.
Thirdly, advanced equipment imported from overseas Chinese-funded enterprises should be preferential. In recent years, some of China's powerful machinery manufacturing companies have acquired or controlled some overseas well-known enterprises. For example, Dalian Machine Tool Group acquired Ingersoll Production Systems of the United States, and Shenyang Machine Tool Group acquired the German Hess Company. These enterprises are currently Chinese-funded enterprises outside of China. Their intellectual property rights and corporate profits are owned by the Chinese side. It is recommended that the equipment imported from China that meets the definition of national product standards should be exempted from customs duties and be included in the Chinese government. Purchasing product catalogs and enjoying the same treatment as domestic products.
154 kinds of petrochemical general machinery imports are not tax-free
Since March 1, the Ministry of Finance has promulgated the "List of Imported Goods for Domestic Investment Projects Not Exempted from Taxes (Revised in 2006)". The catalogue includes 154 petrochemical general machinery (by tax number).