On 5 December 2016, the GAC, SAT and MOFCOM jointly issued the Notice regarding Import Tax Policies for Supporting the Development of New-Type Display Devices Industry (Cai Guan Shui  No. 62). According to Cai Guan Shui  No. 62, from 1 January 2016 to 31 December 2020, new display devices manufacturers in China can enjoy the following tax incentives:
• Raw materials and consumables, which cannot be produced domestically, imported by manufacturers of new-type display devices (including thin film transistor liquid crystal display device and organic light-emitting diode display panel) to be used for their own production (including R&D) are exempt from import duties.
• Supporting systems, which cannot be produced domestically to meet comparable performance standards, imported for construction of purification rooms are exempt from import duties and VAT.
• Components and parts imported for the maintenance of certain imported production equipment are exempted from import duties and VAT.
• Raw materials and consumables, which cannot be produced domestically, imported by manufacturers of key raw materials and spare parts of the new display industry in the upper reaches (such as color filter film and polaroid), which meet the domestic industry independent development plan, are exempted from import duties. Raw materials and consumables imported by manufacturers for the production of color filters and polarizers, which are key upstream raw materials and spare parts of new type display devices, are exempt from import duties, as long as they are in line with domestic industry development plans.
A list of raw materials, components, parts and consumables which can be imported on a duty-free basis under this program has been issued together with the Cai Guan Shui  No. 62, and will be adjusted by MOFCOM from time to time based on the developments in the relevant industries.