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Finance Bureau Issued: Xinjiang Cotton Yarn Pport Costs Subsidies Thousand Yuan

2010/9/9 18:11:00 59

Cotton Yarn Finance Bureau

In September 6th, the reporter learned from the Finance Bureau of Xinjiang Bayinguoleng Mongolia Autonomous Prefecture that the Finance Department of the autonomous region has allocated 2009 yuan for the export of Xinjiang cotton yarn in Bazhou for 10 million 172 thousand and 700 yuan, involving 8 cotton textile enterprises across the state.


In order to solve the high cost of producing cotton yarn in the Xinjiang cotton textile enterprise, we should promote quality in the whole region.

Cotton yarn

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cotton

As well as the construction of cotton textile production base, the central finance has decided to give appropriate subsidies to Xinjiang cotton textile enterprises for the pportation cost of Xinjiang cotton yarn.

According to statistics, in 2008 - 2009, Bazhou received a total subsidy of 20 million 922 thousand and 700 yuan.


The Interim Regulations on subsidy management promulgated by the central government clearly indicate that the "Xinjiang cotton yarn" refers to the cotton yarn which is produced and sold to the mainland with Xinjiang real estate cotton as raw material and meets the requirements of the Xinjiang cotton yarn. The central government will grant a subsidy of 400 yuan per ton.

The implementation period of the cost subsidy policy for Xinjiang cotton yarn pportation is tentatively scheduled for 2008 to 2010. Subsidies are calculated according to the natural year.

In Xinjiang, the independent accounting cotton textile enterprises (including the corps cotton textile enterprises) can enjoy the financial subsidy policy in the industrial and commercial registration, paying taxes according to law, and producing and selling cotton yarns in Xinjiang real estate cotton as raw materials.


It is understood that Xinjiang silver spinning cotton industry, Xinjiang Tai Chang industry, Bazhou Hongtai cotton industry,

Korla

8 enterprises such as Qian Feng textile limited liability company and Xinjiang Hongsheng Textile Co., Ltd. were awarded the 2009 annual subsidy.

The state finance department will allocate funds in time to ensure that all cotton textile enterprises in the state can enjoy preferential policies in time and in full.

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