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General Administration of Customs: Post-Customs Closure, Value-Added Processing Tariff Exemption Policy to Undergo Four-Fold Optimization
5 day ago /
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Author：小编
Wang Lingjun, Deputy Director of the General Administration of Customs, has announced a comprehensive enhancement to the policy on tariff exemption for value-added processing following the customs closure of Hainan Free Trade Port. This includes four key optimizations:
- Easing access for enterprises to benefit from the policy by abolishing the restriction on the proportion of primary business income.
- Broadening the scope of eligible imported materials.
- Refining the calculation formula to incorporate the value of self-produced goods within the value-added component.
- Extending the cumulative application range for value-added processing.
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