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  • Welcome to the official website of Changzhou Guorui Tools Co., Ltd.!

    Changzhou Guorui Tools Co., Ltd.

    --Specializing in precision tool production and precision machining

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    Increase in export tax rebate for cemented carbide tools

    Time: 2020-12-01

    The production of cemented carbide cutting tools is the development direction of my country's cutting tool industry in the future, and the improvement of export tax rebate standards shows the country's support for cemented carbide cutting tools enterprises.

    According to the introduction, there are two main products in my country's tool production, namely high-speed steel tools and cemented carbide tools. Because the production of high-speed steel tools consumes a lot of resources, and the products are low-grade and low-price, the industry does not encourage this. However, due to the needs of the domestic machinery manufacturing industry and the technology of domestic tool companies have not yet been transformed, most domestic tool companies still mainly produce such tools, and the export volume is also large. Last year, the export of Chinese knives was 800 million US dollars, most of which were made of high-speed steel, while cemented carbide knives were only tens of millions of yuan. At the same time, the export structure of this product is also a factor leading to international trade frictions. Although the developed countries such as the United States and Germany have not had any obvious reaction to our knives, there have been boycotts in Spain and some countries in South America. Therefore, the Tool Branch of the China Machine Tool Industry Association has repeatedly called for the reduction of the export of high-speed steel tools. This time the country’s adjustment of the export tax rebate standard for cemented carbide tools is an encouragement and support for this industry.

    In several adjustments to the export tax rebate policy this year, the export tax rebate rate for products such as cemented carbide tools has been increased from 5% to 11%. For companies, the significance is more than simply increasing profits. It is believed that this policy adjustment is mainly to give enterprises confidence, that is, the country calls a halt in exports, at least releases its attention to industrial exports and correct positioning, so confidence is the most important. "With the support of the country and the confidence of the enterprise itself, I believe that Jinlu Tools will be more competitive in the international market in the future.

    Changzhou Guorui Tools Co., Ltd.

    Add: No. 163, Shuangyong Road, Xixiashu, Changzhou City, Jiangsu Province, China

    P.C.: 213000

    Tel: +86-519-83442586

    Fax: +86-519-83442685

    E-mail: sales@grtool.com

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