Bonded Zone What does it mean and what are the benefits of being in a bonded zone. What are the disadvantages.

1, the bonded area is the state customs set up or approved by the customs registration, subject to customs supervision and management can be a longer period of storage of goods in the area. It is approved by the State Council to set up, the customs implementation of special supervision of the economic region.

2. Bonded zones have the functions of import and export processing, international trade, bonded warehousing and commodity display, etc. They enjoy the preferential policies of "license-free, tax-free and bonded", and implement the mode of operation of "inside the country and outside the country", which is an economic zone with a high degree of opening up to the outside world, convenient operation mechanism and preferential policies. It is one of the economic zones in China with high degree of openness, convenient operation mechanism and favorable policies.

The bonded zone can facilitate re-export trade and increase the income from related fees. Goods brought into the bonded zones can be stored, modified, categorized, mixed, exhibited, and processed and manufactured, but they must be within the scope of customs supervision.

Foreign goods deposited in bonded zones do not have to pay import tariffs and are still free to come and go, subject only to storage fees and a small fee.

3, if you want to enter the customs border is required to pay tariffs. Each country's bonded area has different time requirements, overdue goods without the relevant procedures, the Customs and Excise Department has the right to its auction, after the auction, after deducting the relevant costs, the remaining balance returned to the owner of the goods.

Extended information:

p>Promote comprehensive bonded zones? High-level opening and high-quality development

Xinhua News Agency, Beijing, Jan. 25 (Xinhua) -- Recently, the State Council issued Several Opinions on Promoting High-level Opening and High-quality Development of Comprehensive Bonded Zones (hereinafter referred to as "Opinions").

The Opinions emphasize the need to be guided by Xi Jinping's thought of socialism with Chinese characteristics in the new era, fully implement the spirit of the 19th CPC National Congress and the 2nd and 3rd Plenary Sessions of the 19th CPC Central Committee, adhere to the overall keynote of seeking progress while maintaining stability, adhere to the new development concept, adhere to high-quality development, emancipate the mind, innovate and develop, and give the reform and opening up of the Comprehensive Bonded Zone a new mission to build a customs special supervision area.

The Opinions make it clear that it is necessary to improve policies, expand functions, innovate supervision, and cultivate new advantages of comprehensive bonded zones in terms of industrial support, business environment and other comprehensive competition. Promote the development of comprehensive bonded zones into a global influence and competitiveness of processing and manufacturing centers, R & D design centers, logistics distribution centers, testing and repair centers, sales and service centers.

"Opinions" around the "five centers" development goals put forward 21 tasks and initiatives:

One is the integration of the two markets to create a processing and manufacturing center. Including the promotion of VAT general taxpayer qualification pilot, allowing the new comprehensive bonded area in advance of the application of policies to allow processing and manufacturing enterprises in the comprehensive bonded area to undertake commissioned processing within and outside the region.

The key products such as cell phones and auto parts manufactured in the comprehensive bonded zones will be removed from the catalog of goods managed by automatic import licenses, and the status of enterprises as the main market players will be strengthened, among other five initiatives.

The second is to promote innovation and entrepreneurship and create a research and development design center. Including enterprises imported expendable materials according to the actual R & D consumption write-offs, support for national industrial innovation centers and other R & D innovation institutions in the comprehensive bonded zone development, to meet the relevant standards of R & D design, processing and manufacturing enterprises with the highest credit rating, support for medical equipment R & D, and other four initiatives.

Thirdly, it promotes trade facilitation and creates logistics distribution centers. This includes allowing the implementation of a convenient entry and exit zone management model for eligible domestic goods and articles entering the zone, facilitating the flow of goods, allowing bonded storage and display of imported automobiles in the comprehensive bonded zones of automobile import ports, and promoting the return of cultural relics, among other four initiatives.

The fourth is to extend the industrial chain to create a testing and repair center. This includes three initiatives that allow enterprises in the zone to carry out bonded testing and global repair business, support the remanufacturing industry, and innovate the regulatory model.

Fifth, to cultivate new momentum and new advantages, to create a sales and service center. Including the development of leasing business, gradually realize the comprehensive bonded zone comprehensively apply cross-border e-commerce retail import policy, support service outsourcing, support futures bonded delivery, support the comprehensive bonded zone to take the lead in the full replication and promotion of the pilot reform experience in the Pilot Free Trade Zone related to the Customs Special Supervision Zone, and other five initiatives.

The Opinions pointed out that the General Administration of Customs should continue to do a good job in leading the work, further optimize the regional layout, and promote the optimization of all types of eligible customs special supervision areas into comprehensive bonded zones.

The relevant departments of the State Council should provide full support and actively create a first-class business environment. The people's governments of provinces, autonomous regions and municipalities directly under the central government should effectively implement the main responsibility, strengthen safety supervision, enhance management, optimize services, and promote the high-level opening and high-quality development of comprehensive bonded zones.

People's Daily Online - Promoting comprehensive bonded zones? High-level opening and high-quality development?

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