Bonded scrap processing currently has the following processing methods:
1, tax reimbursement for domestic sales
2, apply for waiver to the Customs and Excise Department, the Customs and Excise Department to deal with
3, return to deal with the majority of factories choose to return to Hong Kong for processing.
The benefits of choosing to return to Hong Kong: return to Hong Kong relative to the first two methods of operation is simple, return to Hong Kong will no longer be subject to customs supervision. The factory can
write off the manual and deal with it directly in Hong Kong without having to pay back the tax. Compared to the first two methods, the choice of return shipment is more beneficial to the factory.
Return business to bring several major benefits to the enterprise:
1 return business in the return of Hong Kong scrap, defective defective products can be offset by the Customs and Excise Department to offset the number of raw materials imported by the original enterprise to reduce unnecessary
taxation costs for the enterprise to bring considerable economic benefits; for example: the enterprise imports of raw materials ＝ Reasonable Losses ＋ products (qualified products ＋ scrapped and defective defective)
Return business to bring substantial economic benefits; for example: the enterprise imports of raw materials = Reasonable losses + product (qualified products + scrap and defective defective) (Qualified products + scraps and defective defective products)
10,000 tons = 1000 tons + (8000 tons + 1000 tons) 1000 tons of scraps and defective defective products produced in the production process if the customs write-off is not returned to Hong Kong
, this part of the quantity will be in accordance with the qualified products (finished products) tax
2 to maintain the balance of the Customs in and out of the reduction of the policy risk of the enterprise in the processing and production process. In addition to the normal edge of the production process, but also due to various reasons
generate different quantities of scrap and defective residual products, the enterprise in order to facilitate the processing, often not this part of the scrap and defective residual products back to the port, resulting in the Customs in and out of
balance of exports and imports balance can not be in and out of the balance of the Customs, subject to Customs audits.
3 Benefit from the coordination of neighboring relations, bring management convenience to the enterprise
Enterprises will be scrapped and defective defective products in the local processing, it is difficult to balance the interests of the local relationship, to the management of the enterprise to bring the hidden danger, such as this part of the material back to Hong Kong
, in line with national laws and regulations, only subject to the supervision of the Customs and Excise Department, is not subject to the impact of the local relationship, not only to the enterprise to bring economic benefits, but also to facilitate enterprise management, can be said to be one of the most important factors. facilitates the management of the enterprise, which can be said to be multi-purpose. Article from Battery International Environmental Protection (Hong Kong) Limited