State tax bureau for each province, Autonomous region, Municipality directly under the central government and Planned single arranged city,

Recently a letter ( concerning the requirements for arranging China Hua Yan Group Corp. Limit and other enterprises to the list of full value export tax rebating for textile machinery enterprise) from State Textile Industrial Bureau was received, (State textile letter 1998) No.27), the letter reported after the notice about encourage textile machinery export tax rebating ,published by financial Ministry and State

General Tax Bureau , Financial and tax letter ( 1998)No.107, abbreviated (notice), part of the textile machinery export enterprise could not enjoy the full value tax rebating policy, so the textile machinery export work was interfered. In order to carry out the State Council instruction to increase export textile machinery, after studying the letter, decree the circular of tax rebating problem for exported textile machine as below:

1. For all the export enterprise ( except the foreign investment enterprises established before Dec. 31, 1993) the exporting textile machinery listed in the notice self (trust) exported between Jan. 1,1998 to Dec. 31, 2000, the tax rebating rate for export tax textile machinery is 17%.

2. For the textile machinery export enterprise which only got 9% tax rebating for export textile machinery after Jan.1, 1998, the other tax rebating value can be calculated as 17% and the value without rebating can be returned to enterprises.

3. The circular will be implemented from Jan, 1, 1998, all the notices and circulars against this circular will take this as the criterion.