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Administration
Provisions |
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Import & export management
Provisions on the Administration of the Import &
Export Business of Foreign-funded Enterprises
I. Measures for the Administration of Imported Goods
1.1 Administration of self-used goods imported within the
total amount of investment
As of April 1, 2002, any foreign investment project falling
under the encouraged foreign investment industries with transfer
of technology, and any self-used equipment imported within
the total amount of investment, except for commodities listed
in the Catalog of Dutiable Import & Export Commodities
for Foreign Investment Projects, shall be exempted from any
customs duty and import & export-related VAT.
The administration of China Customs on tariff concession of
imported commodities by a fixed number of years:
—The number of years for the administration of vessels,
airplanes and building materials is 8;
—The number of years for the administration of vehicles,
and household appliances is 6;
—The number of years for the administration of machinery
and other equipment and materials is 5.
—For any permitted foreign investment project with all
products to be directly exported, the import duty levied on
the imported equipment for the export project and the imported
VAT will be fully returned in 5 years, that is, 20% of the
duty or tax to be paid each year, as of the commissioning
of the project after examined and verified by the foreign
economic & trade authority in collaboration with the relevant
authorities on the direct export of products.
1.2 The Administration of imported goods
Any goods imported by any foreign-funded enterprise for domestic
sales shall be paid an import duty and an imported VAT according
to legal rates.
Provisions of China Customs on the Administration of Goods
Imported for Domestic Sales
—For any goods falling under the management of import
license or automatic import license, the enterprise needs
to handle the relevant license, and the customs will inspect
and discharge the goods by evidence of the license.
—For any other import goods, the customs will inspect
and discharge the goods by evidence of the enterprise’s
import contract and the relevant documents.
1.3 Provisions on the administration of imported goods in
the processing trade
Any foreign-funded enterprise may engage in the processing
trade within its business license after approval of the foreign
economic & trade authority, that is, import all or part
of raw and supplementary materials, parts and components,
and packing materials (except prohibited commodities) from
overseas in the protective trade, and export its manufactured
goods after the import processing or assembly. Any enterprise,
if needing to sell the manufactured products domestically
for particular reasons, shall get approved by the foreign
economic & trade authority, make up for the import duty
and the imported VAT for the imported materials, and apply
the relevant import license for the products involved.
II. Administration of Export Goods
2.1 Scope of export goods
Any foreign-funded enterprise may export any products specified
within its business scope;
2.2 Inspection and discharge by the customs
The customs shall check and accept the goods exported by the
foreign-funded enterprise falling beyond the management of
export quota license by evidence of the export contract and
other relevant documents. For goods falling under the management
of export quota license shall be inspected and discharged
according to the export quota license issued by the foreign
economic & trade authority. |
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