People'S Republic Of China Customs Administration On Bonded Materials Of Foreign Invested Enterprises And Materials Companies

Order of the General Administration of Customs of People's Republic of China

Number seventeenth

The People's Republic of China customs's measures for the bonded management of import materials of foreign invested enterprises and materials companies are hereby promulgated, and shall come into force on April 1, 1991.

Article 1 in order to improve the material supply of foreign-funded enterprises and strengthen customs management, these measures are formulated in accordance with the Customs Law of the People's Republic of China.

These second bonded goods, which are approved by the competent authorities of the state and have the right to import operation, shall be applicable to fifth bonded goods.

The third material companies must register with the Customs at the local customs on the basis of the approval documents of the state competent departments and the business licenses issued by the business administration departments.

The fourth goods and materials companies shall list the annual import plans approved by the competent authorities together with the import quota and major commodities allocated to the material companies, and send them to the customs concerned and send them to the Customs General Administration for record.

The fifth materials companies are imported raw materials, spare parts, spare parts, components, fittings, accessories and fuels that are needed for the supply of foreign invested enterprises. They belong to bonded goods and are supervised by the customs.

When importing the bonded goods, they shall declare to the customs with the import documents and the relevant documents such as the declaration of import goods, and postpone the formalities of tax payment, and store them in the bonded warehouses approved by the customs or bonded warehouses run by the material companies.

The customs shall supervise the customs in accordance with the Customs Law of the People's Republic of China and the Customs Administration of People's Republic of China on bonded warehouses and stored goods.

Sixth domestic materials supplied to foreign invested enterprises are not allowed to be stored in bonded warehouses.

Seventh foreign invested enterprises purchase goods imported into bonded warehouses from material companies, and shall go through customs formalities according to the regulations for importing goods from abroad.

Goods that are subject to the management of import licenses shall be examined by the Customs for import licenses.

The material companies have already handed in the import licenses to the customs according to the regulations. Foreign invested enterprises may be exempted from import licenses when purchasing the above-mentioned bonded goods.

The above goods belong to the materials and parts required for the export contract, and the relevant enterprises shall submit an export contract to the customs, an order contract signed by the enterprise and the material company, and a copy of the Registration Manual issued by the customs and the material approval list of the materials company of the foreign invested enterprise (see the attached table) in three copies.

Eighth foreign invested enterprises can enjoy preferential tax reduction and exemption from imported goods from abroad, and they can enjoy preferential tax reduction and exemption from the purchase of similar goods by the material companies.

Those who can not enjoy preferential tax reduction or exemption shall pay customs duties and import and export industrial and commercial consolidated taxes to the customs according to regulations.

The ninth materials companies import bonded goods stored in bonded warehouse for a period of one year.

In case of exceptional circumstances, the application may be extended to the customs, but the extension shall not exceed one year.

The surplus materials beyond the term of the bonded period or the supply of foreign invested enterprises shall be returned to the country.

The customs shall handle the bonded goods which have not yet been shipped out of the country in accordance with the twenty-first provision of the Customs Law of the People's Republic of China.

The bonded goods imported by the tenth material companies shall not be sold or pferred to domestic enterprises without the approval of the customs and trade and economic authorities, nor shall they be exchanged for domestic goods.

Article eleventh if any act violates the provisions of these measures, the customs shall deal with it according to the relevant provisions of the Customs Law of the People's Republic of China.

The twelfth customs administration of the bonded production materials of the Shenzhen Special Economic Zone shall be handled according to the regulations on the management of bonded production data of the Shenzhen special economic zone.

The thirteenth way is to be explained by the General Administration of customs.

The fourteenth measures shall come into force on April 1, 1991.

Schedule:

Approval list for foreign invested enterprises

Customs number

Supply unit contract number date of delivery

Purchase unit, enterprise nature, purchase purpose, customs declaration number

Material name, specification, number, weight, gross value (USD), customs duty exemption endorsement

Signature of feeder unit

Specific date

Customs records

Managing customs officers

Specific date

Signature of purchasing unit

Specific date