Taxation on Processing Trade sales in Domestic Market in 2009 Exceeded RMB30b

Source by the reporter from the General Administration of Customs on January 13, under the background of total value of processing trade import and export seeing a significant decline of 13.7%, the taxation on customs processing trade sales in domestic market in 2009 rose 12.6% year-on-year to RMB30.23b, thus setting a new record.

Processing trade sales in domestic market is previously to shift the products to be exported through processing trade export into being sold in domestic market. In the year of 2009 when overseas market demand shrank, such shift became one safe port for numerous processing trade enterprises. Enterprises shall handle customs procedures and pay tax to the customs in shifting export into sale in domestic market for processing trade for the raw materials for processed products belong to bond entry.