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¡¾Location¡¿ |
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Lianyungang Export-Processing Zone, was approved to establish by the State Council on March 10, 2003, passed the joint examination made by the General Customs Administration and related ministries in July, 2003, and has been sealed off to operate officially since then. Situated in the planned area of state-level Lianyungang Economic & Technological Development Zone, the zone is five km away from the Lianyungang Port to the east, and neighboring the Near-Port Industrial Zone to the north, with No.310 national highway, Longhai Railway and Xulian Expressway passing through its boundaries.
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| ¡¾General Development Situation¡¿ |
The zone has a planned area of 3 sq km, divided by the east Longhai Railway and the Lianxu Expressway into two parts, the east and the west. The east part (startup area) covers an area of 0.7 sq km, equipped with developed infrastructure, including road, water supply, drainage, sewage disposal, electricity supply, telecommunication, internet, cable TV, etc., as well as modernized standard workshop, and is an ideal investment destination for processing trade enterprises. There are 6 enterprises settled in the zone, like Aiye Non-Woven Fabrics and Boke Medical Appliances. The west part has basically completed infrastructure of 2.3 sq km, and has reached the condition for accommodating projects. There are already a batch of projects being launched in the area currently, such as Zhongshan Wind Power and Shengen Industry. |
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¡¾Customs Clearance Advantages¡¿ |
The zone is a special economic area approved by the State Council to establish and implement sealed customs management. The customs office improves traditional processing trade supervision mode, simplifies existing management procedures, implements integrating management of internal and external affairs as well as new customs clearance mode of ¡°one-time declaration, one-time check and one-time inspection ¡±, with 24 hours service. Comparing to the traditional one, the new mode has a number of strong advantages:
1. On supervision measures, strengthen the application of modern telecommunication technology and computer network technology, employ electronic data convey to link the supervision between customs offices, replacing traditional measures gradually.
2. On regional supervision, strengthen entirety supervision, simplify the enterprise management.
3. On processing trade operation supervision, strengthen the entirety management on the processing trade business operated by enterprises, simplify the contract management.
4. On goods customs clearance, strengthen the actual supervision on goods entering or leaving the zone at the outpost, simplify the processing of customs clearance procedures, meeting the demands of zero inventory production of modern transnational companies. |
¡¾Comparison between the Zone and Other Areas outside the Zone on Administrative Policies¡¿ |
Items |
Within the Zone |
Other Areas |
Foreign Exchange Administration |
Free from the Foreign Exchange Settlement and Sales Operation system£¨exempted from the verification and write-off of export proceeds and import payment in foreign exchange£© |
Implement the Foreign Exchange Settlement and Sales Operation system (with the formalities for verification and write-off of export proceeds and import payment in foreign exchange.) |
Inspection & Quarantine |
Operate in the zone |
Operate at the port |
Quota and License Administration |
Goods leaving or entering the zone for or from foreign countries are exempted from the administration of import and export quotas and licenses, with the exception of otherwise provisions stipulated by the state. |
Regular quota and license administration. |
Customs Supervision |
Bank Deposit Account System
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Exempted from the bank deposit account system. Contract filing is directly approved by the administration committee of the zone, only one link and one procedure left. |
Implement the bank deposit account system. Contract filing shall be processed through four departments and 13 links. |
Registration Handbook |
The zone implements electronic account book administration to replace the Registration Handbook. |
Implement the Registration Handbook management system, involving many links and procedures. |
Customs Clearance Mode |
Implement customs clearance mode of ¡°one-time declaration£¬one-time check and one-time inspection ¡± at the zone¡¯s customs office, in accordance with the supervision measures of one-stop customs clearance and transition transport between customs offices. |
Goods entering or leaving the areas, shall process complicated procedures of customs clearance and transition transport between customs offices. |
Materials Write-off |
Implement registration system, with computer-based write off, one time every half year, very efficient. |
Operate import and export business with contract, each contract shall be write-off, with very low efficiency, each write-off takes 60 days, and easy to be delayed due to multi-link process. |
Contract Change |
The procedure of contract change is very simple, can be processed directly. |
The procedure is very complicated, shall be processed through many departments according to the contract filing procedure. |
Management Way
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Implement entirely closed and outpost-type management with 24 hours service. |
Implement open management with 8 hours/day service. |
Bonded Materials Transferring |
Semi-finished products and raw materials can be transferred or transacted freely. |
Bonded materials transferring to domestic market shall be imposed the tax underpaid. |
Tax-Rebate |
Import Duty and Import Linkage Tax |
Exempted from import duty and import linkage tax (including machines, equipments, and moulds & dies for production use, parts & components for maintenance, construction materials, office appliances for self use.) |
Pay taxes conforming to relative stipulations. |
Bonded |
Imported raw materials, parts & components, package materials and disposable materials used for producing export products can enjoy 100% bonded. |
Implement bank deposit account system. |
Tax-Rebate |
Goods sold in the zone by enterprises outside the zone but within China¡¯s territory can enjoy related preferential policy of value-added tax rebate stipulated by the state. Machines & equipments, raw materials, parts & components, package materials, building materials in a reasonable volume, etc., can enjoy tax-rebate in accordance with export tax-rebate policy. Water, electric power and gas consumed by the enterprises within the zone for production use can also enjoy related tax-rebate policy. |
Products processed using
domestic raw materials shall be processed the tax-rebate procedures after leaving China.
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Imposition |
Goods selling to areas outside the zone but within China¡¯s territory shall be imposed tax on finished products. |
Goods selling in domestic market shall be imposed tax on the imported raw materials contained in the products. |
Value-Added Tax and Consumption Tax |
Taxable labor services and goods processed and produced in the zone are exempted from value-added tax, consumption tax. |
Pay taxes conforming to relative stipulations. |
Enterprise Income Tax |
Productive enterprises with foreign investment founded in the zone, from the first profit-making year, enjoy two year exemption from enterprise income tax; enjoy a reduction of 50% from the third year to the fifth year; and also can enjoy a technical supporting fund that equals to the amount of 50% of its enterprise income tax paid in the year. Other enterprise can enjoy a technical supporting fund that equals to the amount of 50% of its enterprise income tax paid in the year. |
Shall be imposed enterprise income tax in accordance with relative stipulations. |
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