Yinchuan Comprehensive Free Trade Zone implements the policy of "four exemptions, one guarantee and one refund". The "four exemptions" refer to the exemption of import tariffs and import linkage taxes on infrastructure construction, machinery and plant equipment in the bonded zone; the exemption of tariffs and import linkage taxes on machinery, equipment and parts produced by manufacturers in the bonded zone; the exemption of tariffs and import linkage taxes on office supplies for enterprises in the zone; and the exemption of value-added tax (VAT) and consumption tax (CPT) on trade in goods between enterprises. Exemption of value-added tax (VAT) and consumption tax (CST) on trade in goods between enterprises. "One insurance" is that imported products can be bonded when they enter Yinchuan Comprehensive Free Trade Zone. "A refund" is the domestic goods into the bonded area, as exports, the implementation of export tax rebates.
Additionally:
In terms of trade control, import and export quotas and licenses will not be applied to goods entering or leaving the bonded zone and abroad.
Supervisory policies of the bonded zone include: bonded storage of goods in the zone does not set a storage period, and can be free to flow; the Customs does not implement the bank deposit account management and contract write-off system for processing enterprises in the zone, and does not implement the management of unit-consumption standards for processing trade goods in the zone; and the goods can be free to flow between enterprises in the zone.
The foreign exchange policy enjoyed by the comprehensive bonded zone is: inbound and outbound goods do not go through foreign exchange verification procedures, inbound and outbound (inside and outside the zone) goods can be settled in foreign currency or RMB.