Import Policy From China Mainland
According to official regulations, by 2000, imports of industrial products, the average tax rate will be reduced to 15% by 2005 will further reduce to 10%. At present, China's average rate of less than 17%. In April 1997, China issued its first anti-dumping and countervailing regulations designed to maintain foreign trade order and fair market competition and to protect the affected domestic industry. Under the new regulations, if found to have undercut dumping of foreign goods and evidence, the Government can impose anti-dumping tariffs on the goods.
Government to regulate the import method can be divided into two major categories of tax and non tax. Taxation, including tariffs (based on imported goods to the CIF price collection, while a few imports from the amount of taxes to tax tax tax and methods compound collection), value-added tax and consumption tax; non-tax, including import license, quota permits permit, import franchise directory management. In general, the raw materials and lower tariffs on industrial goods, the tax rate less than 20%, consumer goods, tax rates are higher, basically 20% to 50% of the small number of luxury goods tariff rate is as high as 100%. The amount of tax from the tax when the goods per unit multiplied by the unit of measurement to arrive at the taxable amount of goods duty tax. Hong Kong and other Chinese set of reciprocal tariff treaties or agreements, countries can enjoy China's preferential import tax rates; the ordinary tax rate is applicable to other countries and regions.
China's current policy on foreign companies to implement the following:
- Where in March 31, 1996 or obtain approval before foreign companies can continue to enjoy preferential treatment in the original, until the contract is finished, but to import 20 specified items (such as transport supplies, office supplies, etc.), will still be required to pay customs duties and compliance with relevant regulations.
- Where on April 1, 1996 to December 1997, 31 approval of the company, if the trades are "Catalogue for the Guidance of Foreign Investment Industries" as defined in the "encouraged category" or "restricted B" project, the total investment required for imports of production equipment exempted from import taxes, but "foreign-invested enterprises shall be exempted imported goods catalog" of products excluded.
- As of January 1, 1998, foreign imports of equipment, such as for the "Catalogue for the Guidance of Foreign Investment Industries" as defined in the "encouraged category" or "restricted B" project, funded as part of, with "The state encourages confirmed by the development of foreign-funded projects "can be exempted from import taxes, but" foreign-invested enterprises shall be exempted imported goods catalog "of products excluded. The following 20 kinds of commodities (where applicable) will be charged customs duties, import VAT and consumption tax (regardless of any trade, any region, business unit and individual import): TV, camcorder, VCR, tape player, sound system , air conditioners, refrigerators, washing machines, cameras, copiers, program-controlled telephone switches, micro-computer systems, telephones, pagers, fax machines, computer, typewriters and word processors, furniture, lamps, and foodstuffs.
Imports are usually required documents issued by the importer (agent, distributor or joint venture partners) for processing. Chinese government to import goods to be submitted documents, including bills of lading, invoices, shipping orders, sales contracts, general merchandise certificate applicable to the import quota, import license (only if applicable), the National Import and Export Commodity Inspection Bureau or the local branch of the issuing inspection certificate, insurance and customs declarations, etc. Non-tax, China has introduced an import permit and quota system to limit imports: At present, China has 35 species (374) the product entry permit system, the entrance of such products, prior approval from the relevant government departments and applications import licenses, including the State Development Planning Commission, Ministry of Foreign Trade and Economic Cooperation under the mechanical and electrical divisions. And some goods are also subject to import licensing and import quota regulation. Imported goods can be divided into two categories: mechanical and electrical products categories 1.15, 2.13 category of general merchandise (ie non-mechanical and electrical products). China's quota management by the State Development Planning Commission is responsible for general merchandise import quotas, the Ministry of Foreign Trade and Economic Cooperation is responsible for mechanical and electrical products import quotas and export quotas of goods. In principle, all import and export of goods required to be tested, 20 categories of imported goods compulsory safety and quality management, 47 types of goods requiring mandatory testing. Test is generally prescribed in the agreement for sale, including product quality, weight, quantity, packaging and inspection methods, the standard shall not be less than the relevant Chinese National Standard. CCIB inspection safety signs not affixed to the goods shall not be imported into the Mainland. Government waste is prohibited entry dumping on Chinese territory, stockpiling and disposal. Can be used as raw material waste is also subject to import restrictions.
In order to facilitate the expansion of imports, China will improve the import policy and environment, on May 17, 2011 Chinese Ministry of Commerce spokesman Yao for the first time mentioned the need for expansion of imports of domestic reform. From a regional perspective, China from India, Hong Kong's imports showed negative growth from Japan, Brazil, South Korea is manifested in low growth of imports, restricted imports of these areas, the overall growth rate.
Then Ministry of Commerce spokesman Yao in response to reporter's question related to the first time that in addition to the external environment, the need to expand imports for domestic reform. He disclosed that at present the appropriate departments have reached a basic consensus, the policy at the operational level, in fact,which has officially begun. Yao continued to point out that the current import rules have been on the expansion of written and submitted to the State Council for approval. The details of the main content of the various departments is to achieve better coordination between, a one-stop convenience for the import of business services.