(Yicai Global) Oct. 14 -- China will exempt some imported exhibits sold during the China International Import Expo from import tariffs and value-added and consumption taxes to support the fair, national agencies jointly announced today.

Each exhibitor will have up to 12 displays of machines, mechanical appliances, electrical equipment, instruments and meters entitled to the tax-free treatment, up to five exhibits of medical or surgical instruments and equipment, artworks, collections and antiquities, and up to USD20,000 in sales for other exhibits, per the document the Ministry of Finance, General Administration of Customs and the State Taxation Administration issued on the Ministry of Finance’s website.

Exhibits entitled to the tax exception exclude commodities the nation prohibits from import, endangered animals and plants and related products, as well as cigarettes, alcohol, autos and other commodities on the List of Major Technical Equipment and Products Not Exempted from Import Duty, the document stressed.

The country will levy tariffs based on applicable regulations on exhibits sold during the expo which exceed the specified quantity or sales and those not sold during the expo and returned overseas afterwards.

China will hold the third CIIE between Nov. 5 and Nov. 10 in Shanghai, with exhibition areas for food and agricultural products, automobiles, technical equipment, consumer goods, medical devices and healthcare, as well as those for the service trade. The expo also has special areas for public health and epidemic prevention, energy conservation and environmental protection, smart mobility, sports goods and events.

Editor: Ben Armour