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.
人工智能客服不能阻碍沟通 AI客服的理想与现实总是存在落差。我们当然希望AI客服能更“聪明”一些。但在此之前，企业不应过分依赖AI客服，而该给消费者多一个选项。 态度客气，但答非所问；表示理解，却不提解决方案 中国春节跨境游回暖：免签效应强，入境消费火 中新社北京2月18日电 (记者 夏宾)“双向奔赴”的跨境旅游在中国春节假期回暖。 随着中国对多个国家单方面免签证，与新加坡、马来西亚互免签证，推出一系列入境游便利 英伟达的新挑战者？孙正义计划筹集千亿美元成立AI芯片公司 孙正义计划筹资千亿美元，搭建属于软银的AI(人工智能)芯片巨头，对行业领导者英伟达发起挑战。 当地时间2月17日，据外媒报道，软银集团的创始人孙正义计划 新华社记者王自宸、宋立崑、侯文坤受大范围低温雨雪冰冻天气影响，至22日5时，湖北省绝大部分市县出现1至9厘米积雪。湖北省应急部门于22日10时将低温雨雪冰冻灾害应急响应由四级提升至三级。湖北各地各 中新经纬2月23日电(罗琨 实习生 徐畅)“中国确实是面向未来的全球技术中心，我很高兴又一次来到中国，在这里进行深入研究。”近日，科勒集团全球首席品牌官赛米・巴尔(Samie Barr)在广州接受中新经纬专访时表示。赛米 最高检：对未成年人实施网络暴力依法从重处罚 中新网2月23日电 据最高人民检察院微博消息，2月23日，最高人民检察院法律政策研究室主任高景峰在访谈时介绍，对网络暴力违法犯罪，应当体现从严惩治精神，依法严肃追究，切实 。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