Circular of the Ministry of Finance on Relevant Issues concerning Research and Development Fund for High Technology in Packaging Industry Cai Qi [2005] No.107 Relevant Enterprises directly under the Central Authorities, Departments (Bureaus) of Finance in all provinces, autonomous regions, In order to encourage the packaging industry to actively develop new products and adopt new technologies, and to promote the development 1. The Support Scope of this Fund This fund shall mainly support such projects as are in line with the state’s macro economic polices, environmental protection and (1) the research, manufacturing and industrialization projects of new-patterned packing products, materials and machines which has been (2) R&D projects of high technologies that are characterized by an integration of industries, academic institutions and research (3) projects on new-patterned packing materials that aim at guarantying safety and health of human beings; (4) projects on reduction of packing materials and energy-saving packing; projects on the dispose and utilization of packaging refuse; (5) projects on the research and establishment of packing regulations and technology standards and relevant testing methods; and (6) other projects of new technology in line with the state’s policies on packaging industry. 2. Fund-supporting Modes and Uses There shall mainly be two fund-supporting modes, namely aid for free and loan with subsidy interest. Generally, where the investment The amount of an aid for free for each project shall be within RMB 5 million Yuan, and shall not exceed the amount of an enterprise’s This fund shall mainly be used to pay the relevant expenses that arise during the R&D of a project, including labor cost, expense 3. Fund declaration (1) An enterprise that applies for this fund shall meet all the qualification conditions as follows: (a) Being a domestic medium-sized or large-sized enterprise engaged in the manufacturing of packaging products, materials and machinery (b) Having a sound financial management system and timely reporting its financial information to the finance authorities at the corresponding (c) Having a good credit in accounting and tax-payment. (2) Aside from the aforesaid basic conditions, an applicant enterprise shall also meet one of the conditions as follows: (a) Having a technology center that has been certificated by authorities at a province level or above; (b) Having an R&D investment of the previous year that accounts for more than 3% in its proceeds of sale; or (c) Having an annual average R&D investment of more than RMB 5 million Yuan in the past 3 years. (3) An enterprise that applies for this fund shall submit its application in written form, and provide the documents as follows: (a) the ectype of the business license of the enterprise as a legal person as well as the articles of association thereof (duplicate); (b) A general presentation of its business performance, including its major products, manufacturing technologies, principal economic (c) the feasibility study report of the project; (d) the accounting statements and auditing report of last annual year audited by an accounting firm; (e) the environmental evaluation opinion issued by the environmental protection authority at a province level or above; (f) the source of funds needed in the R&D of the project and valid vouchers (the valid voucher(s) of the self-financed funds that (g) other documents required. 4. Fund Examination and Allocation Provincial finance authorities shall authorize the Packaging Technology Association at the corresponding level to conduct an examination The Ministry of Finance shall authorize China Packaging Federation to organize experts to conduct examinations on the application 5. Accounting process of this fund Such part of an aid for free that an enterprise receives as assets shall be reckoned in reserve fund, and such part that does not 6. Fund Supervision and Inspection Project-bearing units shall exercise a special-account management and reckoning on this fund, which shall bear no withholding, occupation Ministry of Finance July 26, 2005 |
Ministry of Finance
2005-07-26