This important policy of Hainan Free Trade Port has been exempted from tariffs of over 100 million yuan


On July 8, 2021, the General Administration of Customs issued by the customs to qinlan bonded port area processing value-added goods (domestic interim measures for tax collection “clear in qinlan encouraged industry enterprises in the bonded port area of production does not contain containing imported materials or imported materials and processing value-added goods more than 30% (including), out of the area of sale in domestic market, shall be exempted from import duties.On December 1, 2021, the General Administration of Customs announced that the import and export management system of “first-line liberalization and second-line control” will be expanded to haikou Comprehensive Bonded Zone and Haikou Airport Comprehensive Bonded Zone.According to statistics, since the implementation of this policy in Yangpu Bonded Port Area, the cumulative value of processed value-added goods for domestic sale has reached 1.316 billion yuan, and the exemption of customs duty has exceeded 100 million yuan, and the dividend of the policy continues to be released.What are the advantages of processing value-added tax exemption policy?Before the implementation of the policy: goods entering the mainland from the bonded port area shall, in principle, go through relevant formalities according to the import regulations, and be subject to customs duty and import link tax.After the implementation of the policy, as long as the goods produced by the encouraged industrial enterprises in the Yangpu BONDED Port area do not use imported materials, or use imported materials, but the value-added processing in the area reaches or exceeds 30%, the goods can be exempted from duty outside the bonded port area to other places in Hainan province or the mainland.An import a type of electric cars, for example, qinlan bonded port area of automobile production enterprises in bonded import auto parts from abroad into the bonded port area for the vehicle assembly, by assembling and testing, can make the vehicle relative to the value of the spare parts by more than 30%, at this point, produced vehicle (domestic processing value-added will apply from tariff policy,The whole vehicle is sold out of the region (sold to other parts of the province or the mainland) without import duties, and when sold to consumers, consumers can buy cheaper duty-free cars.Ask processing appreciation rate how to calculate?Take the production of new materials as an example, the company imports the general grade resin produced by the United States, the European Union, Japan, by adding modifiers, different resin blends and other technologies, to achieve the physical properties of the resin to improve, the production of flame retardant, high temperature resistance, corrosion resistance, high impact resistance, easy processing and other special properties of new materials.Price of imported materials and parts: 28,700 yuan/ton Price of purchased materials and parts outside China: 11,400 yuan/ton Price of products sold outside China: 40,000 yuan/ton To produce 1 ton of products, 0.775 tons of imported materials and parts are needed, and the conversion cost is 2.87×0.775= 22,200 yuan/ton;The consumption of materials and parts purchased from outside China is 0.225 tons, and the converted cost is 1.14×0.225= 0.2,600 yuan/ton.Production cost: 2.22+0.26= 24,800 yuan/ton According to the formula, product appreciation rate: (4-2.22-0.26)/(2.22+0.26) ×100%=61.3%.Can apply processing value-added domestic sales duty-free policy.Domestic sales will be exempted from tariffs of about 6.5%, which will directly save the cost of enterprises and attract the agglomeration and development of enterprises of this type of new materials.The price of goods sold outside China shall be determined on the basis of the transaction price of goods obtained from manufacturing and processing containing imported materials sold by the registered enterprise outside China.The price of imported materials from overseas shall be determined on the basis of the transaction price of the materials imported from overseas by the registered enterprise, and shall include the transportation, related fees and insurance of the materials before unloading at the destination within China.The price of materials purchased outside China: it is determined on the basis of the transaction price of materials purchased outside China by the registered enterprise, and shall include the transportation and related freight and insurance of the materials transported to Yangpu Bonded Port area.

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