From the 23rd, the processing trade policy was sig

2022-10-13
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The Ministry of Commerce and the General Administration of Customs jointly issued a new batch of restricted catalogue of processing trade in July, stipulating that the commodities listed in the restricted category will be subject to the management of the actual transfer of bank guarantee accounts. The biggest impact of this policy adjustment includes Guangdong, Jiangsu and other major domestic processing trade provinces. It is roughly estimated that the clothing, plastics, shoes, luggage and other industries will pay a bank deposit of 20billion yuan

On July 24, the Ministry of Commerce and the General Administration of Customs jointly issued announcement No. 44 of 2007, announcing a new batch of restricted catalogue of processing trade, mainly involving plastic raw materials and products, textile yarn, cloth, furniture and other labor-intensive industries, Space cotton is also known as metal cotton or aerospace cotton. Therefore, our Jinan experimental machine factory can also become a metal cotton tensile testing machine or aerospace cotton tensile testing machine. The commodities listed in the restricted category will be subject to the actual transfer management of bank guarantee accounts. According to the analysis of the customs, the new policy will bring greater financial pressure to the processing enterprises to ensure the accuracy of setting out, so as to curb the export of low value-added products and alleviate many contradictions caused by the trade surplus

the adjustment policy is not to cancel processing trade

sometimes some parts of the Ministry of Commerce will produce ductility - -- fragile transformation vice minister Wei Jianguo said that the main purpose of the adjustment of the policy of Restricted Commodities in processing trade is to optimize the structure of China's export commodities, strictly control the export of "two high and one capital" products, curb the export of low value-added and low technology products, reduce trade friction, and promote trade balance, Alleviate the prominent contradictions caused by the excessive foreign trade surplus

this adjustment implements different policies for the eastern and central and Western Regions: first, the newly established foreign trade enterprises in the eastern region will not approve the processing trade business of restricted commodities; Second, class A and class B in the central and western regions implement the idle management of bank guarantee accounts

Wei Jianguo also stressed that the adjustment policy is not to cancel processing trade

the deposit system increases the export costs of enterprises

it is reported that the adjusted products have a total of 1853 ten digit commodity tax numbers, accounting for 15% of the total change, which is to continue to shrink the Ministry of customs commodity code. Industry professionals said that the total number of goods accounted for 15% of the customs commodity code, which will not have a significant impact on exports. However, for processing enterprises, the commodities listed in the restricted category will be subject to the management of bank guarantee accounts, which means that it will have a significant impact on the cash flow of enterprises, making it difficult for many processing enterprises to make capital turnover

referring to the previous management measures, although the enterprise nominally needs to deposit the import deposit equivalent to the import tariff and value-added tax into the bank account designated by the customs, which will be returned by the Customs after export verification. However, in actual operation, most enterprises do not need to actually pay margin, that is, the bank margin account "idles". However, with the introduction of the new policy, products listed in the restricted category must pay a full deposit, while those listed in the prohibited category are disqualified from being bonded and can only import products in general trade

it is understood that the deposit will charge 50% or 100% of the tax payable on imported materials according to the credit level of the enterprise. The deposit system actually inhibits the capital flow of processing trade enterprises. And increased the export cost of processing enterprises

in the first half of 2007, the import and export of processing trade reached US $440.9 billion, accounting for 45% of the total import and export volume of China's foreign trade

according to the analysis of insiders, the biggest impact of this policy adjustment includes Guangdong, Jiangsu and other major domestic processing trade provinces. According to rough estimates, products such as clothing, plastics, shoes, bags and so on are all classified as restricted, and the processing trade enterprises in these industries need to pay a deposit of 20billion yuan

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