Free Trade Yantai: A letter of guarantee, zero-cost customs clearance across the country

2021/08/3119:43:04 finance 463

China Shandong Net-Perceive Shandong August 31 News (Reporter Lu Weixia, Correspondent Ma Shuangjun and Mu Yingjun) On August 31, the launching ceremony of the "Customs Insurance Pass" signing ceremony for the Yantai Free Trade Zone was held, signed by the local customs and the Development Zone Finance Bureau "Guanbaotong" cooperation memorandum.

Free Trade Yantai: A letter of guarantee, zero-cost customs clearance across the country - DayDayNews

A letter of guarantee , zero-cost customs clearance across the country. This is an innovative bank guarantee operation in the Yantai area of ​​the Shandong Pilot Free Trade Zone, superimposing guarantee credit enhancement, government sub-insurance, and subsidy policies, and the introduction of a new model of "customs guarantee through" customs clearance facilitation, which has brought major benefits to enterprises.

Under the “Customs-Guaranteed” mode, the import tariffs of enterprises have changed from “one bill, one settlement” to “one monthly settlement”, and the tax payment is deferred for an average of 30 days. When companies go through customs clearance of goods at import ports across the country, they can enjoy the first release of the goods, and then centralized tax payment on a monthly basis. "First release and then tax" realized that imported goods were declared on the same day and released on the same day, and the average customs clearance time for each shipment was reduced by 3-4 days. On the one hand, it reduces the storage cost of at the cargo port. On the other hand, it alleviates the problem of the backlog of cargo at the port and promotes the facilitation of cross-border trade.

"We have roughly calculated that for more than 70 enterprises in the Yantai Free Trade Zone that meet the qualifications, the efficiency of customs clearance for imported goods has increased by 50%, and the annual capital cost of enterprises can be saved by more than 5 million yuan, and the operating cost of warehousing and customs clearance of imported goods can be reduced by 1,500. More than 10,000 yuan, revitalizing the company’s cash flow of 1.6 billion yuan.” said Jiang Haibin, deputy director of the Finance Bureau of Yantai Development Zone.

It is understood that in July 2015, the General Administration of Customs promoted collective taxation across the country. Imported goods of enterprises were changed from "check by ticket, tax first and release later" to "discharge before payment, collective taxation", aiming to ease The contradiction between taxation by ticket and customs clearance efficiency reduces the time and cost of customs clearance. However, the cash deposit required by the collective taxation model squeezed the liquidity of the enterprise, and the bank guarantee required the enterprise to provide the pledge guarantee , and the willingness of SMEs to participate was not high.

Free Trade Yantai: A letter of guarantee, zero-cost customs clearance across the country - DayDayNews

To this end, the Yantai Free Trade Zone focused on the pain points and congestion points, and innovatively launched a new model of "Customs Guarantee Pass" to facilitate customs clearance.Under the new model, customs and relevant departments can use information such as import and export credit and customs qualification certification to carry out comprehensive credit evaluations of enterprises, determine the "whitelist" of "customs guarantee link" business, and push them to banks and guarantee companies, and enterprises can apply for them independently. Tariff guarantee and tariff guarantee guarantee. The Yantai Free Trade Zone unified and coordinated banks to exempt guarantee fee and guarantee deposits and guarantee institutions exempt guarantee fees.

In order to reduce the burden on enterprises, the Management Committee of Yantai Free Trade Zone has set up a 100 million yuan tariff guarantee guarantee risk compensation fund. When the enterprise fails to pay tariffs and late fees on time, the compensation risk will be unilaterally borne by the bank under the original model to the government or state-owned The guarantee company and the banking institution shall share the responsibility. Among them, government risk compensation funds and state-owned guarantee companies bear 80% of the risk, and banks only bear 20% of the risk. At present, five banks have signed cooperation agreements, and more than 70 enterprises with qualifications above the general customs certification are eligible to apply for the "Customs Insurance Pass" business.

Preliminary estimates indicate that the “Customs-Guaranteed Link” model can promote more than 30 new small and medium-sized enterprises worth 2 billion yuan to enjoy customs clearance convenience and capital cost reduction dividends.

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