Recently, Jiangsu Heinda Polymer Materials Co., Ltd. received a notice from Nantong Customs that the company’s total investment of 2.35 billion yuan was "150,000 tons per year ultra-simulation differential environmental protection fiber production project" and "150,000 tons per year ultra-simulation functional fiber production project". "New elastic fiber production projects" have successively obtained the confirmation of the applicable industrial policy items for the projects encouraged by the customs.

“Thanks to the strong support and full guidance from Nantong Customs, our Phase 3 project can continue to enjoy the customs tax reduction and exemption policy.” According to Lu Jiaying, the person in charge of the company, “This policy has saved 89.57 million yuan in tax costs for the Phase 2 project. Therefore, we started the third phase of the project, and will import 120 million US dollars of advanced production equipment in the future. It is estimated that we can save about 80 million yuan in tax costs."

　　 The textile industry in Nantong has a long history, a solid foundation, a complete range of categories, and a complete industrial chain. It has now become one of the regions with the highest concentration of domestic textile industry and the most complete categories. In recent years, Nantong Customs has closely focused on Nantong’s goal of “building a world-class textile industry advanced zone”, taking support of key provincial and municipal projects as a breakthrough, and fully supporting the textile industry to import advanced production equipment and technology through tax reduction and exemption policies. Focus on supporting the development of new textile functional materials and industrial textiles, and make every effort to be a "booster" for the high-quality development of the textile industry.

　　 Jiangsu Jiatong Energy Co., Ltd. also felt the "boosting force" of the customs. According to the plan, the company’s 2.4 million tons of multifunctional fiber project will import 677 million US dollars worth of spinning and winding equipment, which can save about 300 million yuan in tax costs for the company. There are currently two batches of new textile functional materials and equipment. The form of tax guarantee is imported and put into installation. After the completion of the three projects of the above two companies, Nantong will become the functional fiber production base with the largest production capacity in the world.

　　 Advanced production equipment and technology, on the one hand, can enjoy import tax preferential policies, on the other hand, it has a positive effect on improving production efficiency and yield, which is beneficial to enterprises to reduce production costs and seize market heights. The customs recommends that relevant enterprises can pay attention to the preferential tax policies for imported equipment, accelerate the introduction of advanced production equipment and technology, promote the textile industry cluster and industrial extension, and embark on the fast lane of high-quality development as soon as possible.