[Industry Alert] To Cope with International Financial Crisis, Shijiazhuang Custo

To cope with international financial crisis, Shijiazhuang customs established eight measures to help enterprise overcome difficult, on the basis of researching on hundreds of enterprise in tens of industries including steel, chemical, coal, textile, grain oil processing and machinery manufacture in Hebei Province.

First, implement further releasing policy on customs clearance. On the precondition of enterprise under the guarantee of banks and asset mortgage approved by General Administration of Customs, the customs provide rapid customs clearance measures in the method of releasing first and collecting tariffs second, which offers a tax extended period of two or three months for enterprise and help them to raise the speed of logistics and release the problems of short in capital.

Second, support the development of processing trade, the transfer of bank security deposit account of processing trade in A class is transformed from actual transfer to bear transaction, while the commodities in enterprise with B class under bank security deposit of actual transfer in processing trade, decrease from 2000 to 100. On the precondition of guarantee from financial institute of banks, the tax collection on processing trade which sales in domestic, will enjoy two or three months extended period. This adjustment cancels the restriction and prohibition in processing trade on commodities in conformity with the standard of energy savings, environmental protection, resource utilization and technology content.

Third, promote the efficiency of customs clearance. The import and export goods with the sum for declaration within 10 thousands of dollars in A and AA class enterprises, will implements electronic customs declaration auditing completely except for some dangerous commodities. The auditing procedures of qualified enterprise which makes an application for customs clearance, will be finished within one working day.

Forth, Enhance the construction in the area under the customs supervision and district specially under the customs supervision. Applying for a series of customs supervision area such as bonded warehouse and export supervision warehouse, assisting local government to apply for special policy in customs supervision such as bonded logistic center and bonded harbor, encouraging and guiding the establishment of product research and development as well as maintenance center in customs supervision area with the function of storage, distribution and detachment.

Fifth, improve the management on enterprise. Speeding up the registration and auditing efficiency of enterprise and shorting the auditing time for A and AA class enterprises, and carrying out customs clearance facility measures for A and AA class enterprises, offering clearance of guarantee exemption from bank for AA class enterprise.

Sixth, carry out the state preferential policy on tax and support the extending of export.

Seventh, strengthen the customs statistic supervision and alert function. Enlarging the supervision and alert function on import and export of important commodities, conducting completely supervision on the import and export of important commodities in local area and local port.
Eighth, complete the work of tax collection and cracking down smuggling to contribute to the stability of national finance.