Import & Export Affair In Foshan

Provisions on the Administration of the Import & Export Business of Foreign-funded Enterprises
I. Measures for the Administration of Imported Goods
1.1 Administration of self-used goods imported within the total amount of investment
As of April 1, 2002, any foreign investment project falling under the encouraged foreign investment industries with transfer of technology, and any self-used equipment imported within the total amount of investment, except for commodities listed in the Catalog of Dutiable Import & Export Commodities for Foreign Investment Projects, shall be exempted from any customs duty and import & export-related VAT.
The administration of China Customs on tariff concession of imported commodities by a fixed number of years:
—The number of years for the administration of vessels, airplanes and building materials is 8;
—The number of years for the administration of vehicles, and household appliances is 6;
—The number of years for the administration of machinery and other equipment and materials is 5.
—For any permitted foreign investment project with all products to be directly exported, the import duty levied on the imported equipment for the export project and the imported VAT will be fully returned in 5 years, that is, 20% of the duty or tax to be paid each year, as of the commissioning of the project after examined and verified by the foreign economic & trade authority in collaboration with the relevant authorities on the direct export of products.
1.2 The Administration of imported goods
Any goods imported by any foreign-funded enterprise for domestic sales shall be paid an import duty and an imported VAT according to legal rates.
Provisions of China Customs on the Administration of Goods Imported for Domestic Sales
—For any goods falling under the management of import license or automatic import license, the enterprise needs to handle the relevant license, and the customs will inspect and discharge the goods by evidence of the license.
—For any other import goods, the customs will inspect and discharge the goods by evidence of the enterprise’s import contract and the relevant documents.
1.3 Provisions on the administration of imported goods in the processing trade
Any foreign-funded enterprise may engage in the processing trade within its business license after approval of the foreign economic & trade authority, that is, import all or part of raw and supplementary materials, parts and components, and packing materials (except prohibited commodities) from overseas in the protective trade, and export its manufactured goods after the import processing or assembly. Any enterprise, if needing to sell the manufactured products domestically for particular reasons, shall get approved by the foreign economic & trade authority, make up for the import duty and the imported VAT for the imported materials, and apply the relevant import license for the products involved.
II. Administration of Export Goods
2.1 Scope of export goods
Any foreign-funded enterprise may export any products specified within its business scope;
2.2 Inspection and discharge by the customs
The customs shall check and accept the goods exported by the foreign-funded enterprise falling beyond the management of export quota license by evidence of the export contract and other relevant documents. For goods falling under the management of export quota license shall be inspected and discharged according to the export quota license issued by the foreign economic & trade authority.

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