Customs General Administration: Streamlining And Regulating 8 Types Of Processing Trade Business Formalities, 1581 Enterprises Benefit

Since January 1, 2020, in order to fully implement the decision and deployment of the CPC Central Committee and the State Council on expanding the high level opening and deepening of the reform of "putting the tube into service", the General Administration of Customs has streamlined and standardized the processing procedures of some processing trade businesses. It mainly deals with 8 aspects, namely, the establishment of a processing trade manual, a declaration of establishment (change), a declaration of the establishment of accounts, a declaration of outward processing, a declaration of deep processing, a declaration of surplus materials, a declaration of domestic sales tax, an optimization of the pricing of equipment, and supervision of low value accessories. 1581 processing trade enterprises in Guangzhou customs area welcomed the good results.

"After the procedures are streamlined, the enterprise only needs to keep the original documents inside for reference. It is estimated that this year alone will save our company about 1000 hours of work and save about 50 thousand yuan in operating costs. Tan Minsheng, Chief Commissioner of Toshiba home appliances manufacturing (South China Sea) Co., Ltd.

The announcement abolished a number of declarations, such as the record and data collection and processing records, processing and trading manual setting up (change) filing database and merger relations, "Declaration of returns to materials", "tax liaison list for internal sales", and so on, which reduced the number of 7 operational links, reduced the risk of procedural violation of enterprises, reduced the direct cost of enterprises, and effectively alleviated the pressure of enterprise funds.

"While providing convenience, the publication of the notice has fully stressed the responsibility of enterprises to declare independently, raised the requirements for self-discipline of enterprises, and promoted enterprises to further improve their management level and realize the convenience of law-abiding." Liang Huiqi, director of Guangzhou Customs enterprise management and inspection office, said.