Shoppers buy goods at a duty-free store in Haikou, Hainan province. CHINA DAILY
China will further ease market entry criteria for companies seeking to tap duty-free and preferential policies in its Hainan Free Trade Port, Customs officials said on Tuesday, ahead of the port's island-wide special Customs operations on Dec 18.
Speaking at a news conference in Beijing, Xin Yan, deputy director of the General Administration of Customs' department of duty collection, said the rule requiring companies to derive at least 60 percent of their revenue from encouraged industries had been scrapped — a shift that will broaden eligibility and enable more firms to benefit from Hainan FTP's preferential policies.
Moreover, the scope of eligible imported production material and industrial parts has been expanded. In addition to bonded goods covered by the policy previously, "zero-tariff" imports have also been included, said Xin.
To strengthen local processing activity, the government has revised the value-added calculation measure. The value of goods produced within the Hainan FTP can now be deducted from the cost of domestically sourced inputs — in effect allowing Hainan FTP-made products to be counted toward the value-added threshold, according to the administration.
The recognition of such locally produced goods will be handled by relevant authorities in Hainan province.
Xin said that the policy also broadens the application of cumulative value-added benefits. When bonded import goods undergo processing across multiple registered enterprises within the Hainan FTP — whether upstream or downstream in the production chain — the value added at different stages of the process can be accumulated.
"This encourages companies to deepen industrial cooperation, extend value chains and expand production links within the free trade port," she said.
Gao Ruifeng, head of Haikou Customs, said that the necessary hardware and software conditions for the island-wide special Customs operations are now fully in place.
Key facilities, including an international travel healthcare center, a smart supervision technology facility and a laboratory, have all been completed and put into operation as of September last year, said Gao.
Hainan also expanded its island-departure duty-free shopping policy on Nov 1. Following the latest adjustment, the island's offshore duty-free list now covers 47 product categories, from mini drones and portable musical instruments to clothing and tea.
Hua Zhenghong, deputy director of the GAC's department of port control, said the policy adjustments will further meet the diversified shopping needs of travelers and will play a positive role in boosting domestic consumption and attracting inbound spending.
She said that the Customs authorities will upgrade the duty-free supervision system for island departures, deploy intelligent monitoring equipment and tighten digital oversight.
"All duty-free goods will be subject to full-process traceability, supported by dynamic risk-monitoring models to accurately identify and effectively curb illegal purchase activities," said Pan Cheng, director of the GAC's department of free trade zone and special control area.
China announced in 2018 that it would develop Hainan into a pilot free trade zone while gradually exploring and steadily promoting the establishment of an FTP with Chinese characteristics. In 2020, a master plan was unveiled to build the island into a globally influential and high-standard FTP by the middle of the century.
中新经纬1月12日电 “上海市消保委”微信号12日发布2023年投诉情况通报。其中提到“小程序”“短视频”夸大宣传问题突出等7方面问题。 据通报，2023年上海市消保委共处理消费者投诉422874件，同比上升36.68%，推进 春节假期中国快递包裹投递量日均同比增82.1% 中新社北京2月18日电 (记者 刘育英)中国国家邮政局监测数据显示，今年春节长假期间(2月10日至17日)，中国邮政快递业投递快递包裹6.41亿件，日均投递量与2023年春节假期 中新网2月18日电 海安应急管理微信公众号发布情况通报，2024年2月18日2时11分，海安经济技术开发区亚太轻合金(南通)科技股份有限公司车间内生产铝棒的铸造井区域发生爆炸。截至目前，共造成3人死亡，2人失联，搜救和善后工 春节假期武铁发送旅客511万人次 中新网武汉2月18日电 (记者 张芹)记者18日从中国铁路武汉局集团有限公司(以下简称“武铁”)获悉，2024年春节假期，武铁共发送旅客511万人次。1月26日至2月17日，武铁共发送旅客1273. 冲上热搜！瑞幸9.9元咖啡有重大变化 每经记者 杨昕怡 每经编辑 卢祥勇 刘雪梅 瑞幸似乎不再恋战。 近日，当节后复工的上班族们想点一杯咖啡“续命”时，意外发现瑞幸9.9元优惠券的可使用范围大幅缩水。“ 加拿大将要求钢铁进口商填报“熔化和浇注国家”信息 中新网多伦多2月22日电 (记者 余瑞冬)加拿大政府要求，从今年11月5日开始，根据加拿大钢铁进口监测计划，钢铁进口商在填写进口报关单时，将需要向加边境服务局报告 。本文链接：Entry barriers eased at Hainan FTPhttp://www.sushuapos.com/show-5-78019-0.html
声明：本网站为非营利性网站，本网页内容由互联网博主自发贡献，不代表本站观点，本站不承担任何法律责任。天上不会到馅饼，请大家谨防诈骗！若有侵权等问题请及时与本网联系，我们将在第一时间删除处理。
上一篇： Japan slammed for troublemaking
下一篇： Chinese premier says SCO can play greater role in promoting good global governance