Laws of the People's Republic of China

The General Customs Administration

Circular of the General Administration of Customs on the Leftover Tariff Issues Concerning Unevaluated Equipment Imports by Foreign Investors of Projects of Processing with Customers' Materials

ShuShui[1998]No.315

June 5, 1998

Guangdong Customs and all customs and universities and colleges directly under the General Administration of Customs:

The State Council made the decision on the first half of 1997 to extend the period for deferred tariff payment of non-evaluated equipments imported after April 1, 1996 by foreign investors of projects of processing with customers' materials to December 31, 1997. The tariff can be paid by installments in 5 years calculated from January 1, 1998 with an annual payment of 20 % of the total amount. With the approval of the State Council, the General Administration of Customs and the Ministry of Finance decide, in order to encourage the development of processing trade and ensure policy continuity, that the aforementioned equipments shall enjoy tariff exemption treatment according to the Circular of the State Council on Adjusting the Tariff Policy of Equipment Imports (GuoFa [1997] No. 37).

Relevant customs please conduct examination on non-evaluated equipments enjoying deferred tariff payment (including bail payment) treatment upon receiving this Circular. Except for goods listed in the Catalogue of Imported Goods of Foreign Invested Projects Enjoying No Tariff Exemption, cases involving other goods defined hereinabove shall be wound up as tariff exemption ones with relevant procedures duly handled. All competent customs shall intensify follow-up supervision in accordance with relevant provisions concerning equipments with tariff exemption or reduction.

It is hereby notified.