Is it necessary to get the assessment from the relevant government authority when the foreign invested enterprises use equipment as their capital contribution?
It is necessary for foreign investors to get approval from the government authority in case that they sue equipment as capital contribution. The Commodity Inspection Bureau is responsible for assessing the value of the equipment and the Custom Office will impose import duty on the equipment on basis of the assessed value.
Related Questions
- Can foreign invested enterprises in Pudong New Area be exempt from Customs duty in importing manufacturing equipment for self use?
- Can a foreign invested enterprise which has already been registered reduce or increase its registered capital?
- Which documents are necessary for registering a foreign invested company?
