Russia Exempted Some Textile Machinery From Import Value-Added Tax And Increased Technical Support.

Core tip: Russia's Federation of textile and light entrepreneurs, said in the relevant report, the state continued to give textile enterprises (especially small and medium-sized enterprises) technical pformation support, the first is to give discount loans, for example, the Russian central bank granted loans to textile enterprises, the lowest interest rate for nearly twenty years in the history of the Federal Republic of Russia (8.75%), and Russian commercial banks give enterprises loan interest rate is much higher than this.

On the other hand, the above Russian textile machinery, which is not produced by Russia, is subject to import tariff adjustment, which was approved in March 2, 2010.

The Russian Federation of light textile entrepreneurs has reported to the Russian President on supporting the technological pformation of the industry and producing a new generation of products in the factory.

The Russian government's decision No. 110th has been exempted from import value-added tax on the import of 8 major textile machinery, including the whole machine and its spare parts.

The specific varieties are as follows:

1. Automatic bag picking machine, automatic feeding machine, opening machine and automatic milk adding machine.

2. Airflow

3. Ring twisting machine.

4. Automatic winding machine

5. Batch warping machine, sizing machine, warp knitting machine and knotting machine.

6, 18 and 20 needles, two needle cylinders.

7, round knitting with diameter larger than 165mm

8, knitting flat knitting machine, lace loom, flower net loom, automatic embroidery machine, automatic quilting machine.

In addition, Russia