Export rebates effect of the zone will wear off

　　 An anonymous person of Shanghai Waigaoqiao Logistics Center Co., Ltd told “ China Business News ” experimental units of Waigaoqiao Bonded Logistics Zone include international purchasing, international distribution, international transfer, and international carrying trade. Using experience of Hong Kong and Pusan for reference, it devotes itself to being the free port in the mainland of China. 

  　　“However, policy exertion and function development have their process. At the beginning of operation of the zone, the transaction is that many enterprises enter the zone to rebate the tax. Such is the so called ‘one day tour’”, this insider said. 　  “One day tour” transaction exists after China regulated its foreign trade tax policy and imposes different tax to internal and external trade enterprises. According to some regulations, products sold in domestic market should be imposed value added tax and excise, while export raw materials, components, and semi-manufactured goods of foreign trade enterprise will get export rebates.

　　  “In some processing trade enterprise, many materials are purchased from other enterprises, stock-up, storage, manufacture, and sale may have a process”, the person above said, “In order to take back capital speedily and get rebates ahead, the enterprise will apply to custom to export and import in processing trade mode after get export rebates”. 

 　　 “Enterprises take ‘one day tour’ by this means to Hong Kong, Pusan, and Kaohsiung, etc ago, which undertakes higher shipping cost and waste some social resources”, a person of some logistics corporation in Shenzhen said that. 

 It is known that after the local bonded logistics zone establishes gradually, due to union of bond and export processing, these “customs territory” may substitute “oversea one day tour” and become the heaven for processing trade enterprise to realize export rebates ahead. 

  　　Personnel of Shanghai Waigaoqiao Logistics Center Co., Ltd introduces that at present, their business is mature gradually, proportion of “one day tour” export rebates business reduces in the integrated businesses, and carrying trade function gradually upgrades.

　　  “In 2005, 95% of our businesses are export rebates; in 2006, the export rebates business reduced to 55%”, the personnel above said, “At present, export rebates also share about 50%. This time, before July 1, a batch of equipments and materials, especially some metal products will enter the zone, and the business will be influenced greatly. ” 　　  These years, due to frequent regulation of export rebates, logistics enterprises immediately respond to the news, making use of policy advantage in bonded logistics zone and designing various plans for common export enterprises to elude tax risk and realize export rebates ahead.

　　  “The root of “one day tour” is the problems existed in processing trade rebates policy procedure. Owing to the complex procedure of deep processing, the enterprise cannot meet production time and may adopt this mode”, Long Guoqiang said, “Additionally, another great motive is insufficient rebates. Because the export rebates rate decreases continuously these years, ‘one day tour’ business increases greatly.” 

　　 Withal, Sheng Zhulong said that in fact, assisting enterprise transact export rebates elusion business ahead is not the principal business of logistics corporation originally. They just dabble in the business in the prophase of related policy change.

　　  “The export rebates regulation in July 1 is a little bigger. After the tax rate reduces, besides some large amounts of goods would like to enter logistics zone, other industries may do last several transactions”, Sheng Zhulong said, “after all, after the rebate rate is canceled gradually, every enterprise will balance this operational cost”. ( China Business News )