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It is responsible for the collection of value added tax, customs duties, excise duties, and other indirect taxes such as air passenger duty, climate change levy, insurance premium tax, landfill tax and aggregates levy. It is also responsible for managing the import and export of goods and services into mainland China.
Often they have relaxed jurisdiction of customs or related national regulations. They can be ports or other large areas or smaller allocated areas. Terms include free port (porto Franco), free zone (zona franca), bonded area (US: foreign-trade zone ), free economic zone , free-trade zone , export processing zone and maquiladora .
China’s bonded logistic parks have similar rules to free-trade zones (another specific type of special economic zone) except for export VAT refund. Export VAT refund is eligible for a Chinese company once their goods enter the park. [2]
Mason Transfer and Grain Co., bonded warehouse on the South Texas Border. Taken by Robert Runyon sometime between 1900 and 1920.. A bonded warehouse, or bond, is a building or other secured area in which imported but dutiable goods may be stored, manipulated, or undergo manufacturing operations without payment of duty. [1]
China with no unified custom process, standards and requirements or a single custom entity makes the process more complex. As customs regulation may vary from region to region across China. Each custom office has its own regulations and requirements for clearance. The following is a brief detail how export process works at the Shanghai Customs ...
A Chinese warehouse belonging to e-commerce giant Alibaba successfully increased its production rate by 300 percent by incorporating robots into the workflow. The 32,000-square-foot warehouse ...
The Ports of Entry of the People's Republic of China (中华人民共和国的口岸) [a], according to the definition of "Several Provisions of the State Council on Port Opening", are the seaports, river ports, airports, railway stations, border crossings (边境通道), and all other entry-points through which people, goods, and means of transportation may legally enter and exit the country. [1]
The transition was only completed on 3 June 2004 when the PTA became the last major port authority in China to become a corporation: the Tianjin Port (Group) Company (天津港(集团)有限公司, or TPG by its English acronym). [23] The financial crisis of 2008 hit Chinese ports particularly hard, as they depended heavily on foreign trade ...