Good News: Tax Reduction of Printing Machines to Boost Electronic Monitoring Code Ind

Good News: Tax Reduction of Printing Machines to Boost Electronic Monitoring Code Industry Once More
Following the 2010 introduction of guidelines for the printing industry to actively develop and apply new technologies, the Printing & Printing Equipment Industries Association of China (PEIAC) suggested that the country’s tax administration reduce or cancel import tariffs on key parts of digital printing machines, piezoelectric inkjet heads and high-end printing machines for 2011. The State Council approved the new tariff regulations and these came into effect on January 1, 2011. According to the new regulations, the tax rate on inkjet printing machines over 60 cm wide will fall from 8% to 3%, and the tax rate on piezoelectric inkjet heads will fall from 6% to 3%.

Today, digital inkjet equipment is widely considered suitable for industrial production because of its flexible configuration and wide range of application. Currently, mainstream inkjet equipment falls into three categories: oily inkjet equipment, aqueous inkjet equipment and UV inkjet equipment.

Use of the UV inkjet results in firmly adhesive, waterproof and scratch-resistant barcodes. Indeed, digital inkjet technology is best for performing electronic monitoring. As such, the tax reduction is great news for digital inkjet equipment and is sure to stimulate the development of the electronic monitoring code industry.

To ensure the safety of medicines, from April 1, 2011, the State Food & Drug Administration (FDA) launched electronic monitoring for 307 kinds of basic drugs, to re-label every type of new drug. As part of this, the State FDA issued two documents to clarify the electronic drug monitoring process in 2012. This key measure by the Chinese government is aimed at improving and innovating its food and drug supervision system, to help establish an efficient drug tracking process, prevent counterfeiting of drugs and facilitate effective supervision of drug production, sales and use.

SinoFoldingCarton 2013, which will be held at the Guangdong Modern International Exhibition Center in Dongguan this August, will feature a large Electronic Monitoring Code Zone to meet increasing market demand and conform to national policy. This showcase will offer much practical and technical guidance, as well as a host of business opportunities for printing factories that serve sectors such as cosmetics, food, cigarettes, wine and home appliances, to enter a new industry.

To date, the Electronic Monitoring Code Zone has attracted a high number of local and international companies, including Kodak, Shanghai Dragon, Win.Win Digital Security, Beijing Xinjianlong, Beijing Shield, Hangzhou Kangdexin, Shanghai Uni-M Tech, Shanghai Sonic Jet, Harbin Xinqi, Shanhe and Shanghai Full Sources Automatic Equipment. These businesses will display their latest electronic monitoring code technology and solutions.

The show will also hold forums on the development of electronic monitoring codes. At these seminars, industry experts will be invited to analyze current policies, share experiences and discuss market trends. Thanks to its effective promotion of the quality supervision and safety management of food and drugs, SinoFoldingCarton 2013 is a highly efficient commercial and information platform for electronic monitoring code equipment suppliers and folding carton factories.

 

brilliant news, now perhaps a move to reduce tax on most electronic supplies??