Thursday, April 02, 2009
China Customs helps out export sector
Beijing: China's General Administration of Customs has issued measures to support the country's economic stimulus package. Local customs offices are working hard to help export firms declare goods. This is to ensure stable growth of China's import and export trade.
Cheng Meifang, Manager of Shenzhen Shoe Company cites how things have changed saying "Previously, we had to pay the standing book deposit when we filed our orders in customs. The money is returned after eight to ten months. It used to tie up 6 to 7 million yuan of our floating capital.”
In order to ensure enough capital for enterprises, customs has halted the standing book deposit policy. It will reduce tied-up capital by more than 18 billion yuan.
In Shandong Province, local customs offices have issued measures making declaration quicker and more convenient. Customs offices have been set up near companies. They have also launched an online register system which provides a green channel for local vegetable exporters. Now vegetables can be picked, packaged and cleared in just one day.
Liu Haiyan, General Manager of Shandong Province Food Company said "Previously we had to transport goods to the dock, then went to the customs to declare and waited for release. It took three to four days at least."
In addition, local customs also issue regular information about market movement, international prices and risks valuation on their website.
The General Administration of Customs has issued ten measures in support of the country's economic stimulus plan. The measures include providing utmost convenience for declaration and improving special management areas. [2/4/09]
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