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According to reports, the tariff rate of the grinding wheel in the batch of goods was reduced from 8% to 6.4%, and the tariff rate of the steel plate heating machine was reduced from the original 12% to 10.8%. Compared with the pre-implementation of the China-South Korea FTA, the direct preferential tax on imported goods is about 1,500 yuan. "For our company, the formal entry into force of the China-South Korea FTA will further release the tariff reduction and benefit. According to the preliminary estimate of the first preferential tax rate, next year, it will bring about 100,000 yuan in tax benefits for enterprises." Samsung Heavy Industries ( Wang Lili, head of the business department of Rongcheng) Co., Ltd. said.
In order to maximize the release of China-South Korea FTA policy benefits, Rongcheng Customs adheres to the characteristics of three China-South Korea shipping routes, and insists on all-weather appointments and duty shifts to support “zero inventory†of processing companies such as LCD panels and auto parts. Import and export mode of “fast-forward and fast-outâ€, “Xifa dynastyâ€, etc.; enhance the international market competitiveness of live and perishable export goods such as live fish and vegetables, and guide three bonded warehouse enterprises to expand the bonded warehousing business and realize the expansion of inventory products. To more than 100 kinds of food and daily necessities in Korea; the opening of China-South Korea maritime cross-border e-commerce business in Shidao Port has made Rongcheng the first county-level port city in China to open cross-border e-commerce business between China and South Korea.
"After the formal implementation of the China-Korea FTA, the most direct benefit is the reduction in the cost of imported goods brought about by tariff reduction. We will continue to promote regional customs clearance, cargo inspection 'double random', and inspection cooperation 'three one' China, South Korea, maritime cross-border trade e-commerce and other business reforms, while maintaining the smuggling of high-pressure situation, purifying the trade environment, maintaining trade fairness and security, providing enterprises with the opportunity to seize the opportunity, entrepreneurial innovation under the China-South Korea FTA "Sun Chenghang, deputy director of Rongcheng Customs, said.
China-South Korea Free Trade Agreement officially implemented the tariff rate of grinding wheel to 6.4%
Abstract On December 23, Samsung Heavy Industries (Rongcheng) Co., Ltd. applied to Rongcheng Customs to import and export a number of mechanical parts and components from South Korea with a price of US$18,200. This is the first time since the China-South Korea Free Trade Agreement came into effect. Batch declaration enjoys excellent import tax...
On December 23, Samsung Heavy Industries (Rongcheng) Co., Ltd. announced to Rongcheng Customs that it imported a batch of mechanical parts and components from South Korea with a price of US$18,200. This is the first batch of Rongcheng Port since the China-South Korea Free Trade Agreement came into effect. Declare goods that enjoy import tax benefits.