Circular of the State Administration of Taxation on Issues Concerning the Imposition or Exemption of Industrial and Commercial Uniform Tax on the Products of Foreign-invested Enterprises Exported after Being Reprocessed or Assembled

(As noted by research. lexisnexis.com.cn, according to the Circular of the State Administration of Taxation on Publication of the Catalogue of Normative Documents on Taxation That Have Lost Effect or Been Repealed (Guo Shui Fa [2006] No. 62), this document has been repealed.)

Circular of the State Administration of Taxation on Issues Concerning the Imposition or Exemption of Industrial and Commercial Uniform Tax on the Products of Foreign-invested Enterprises Exported after Being Reprocessed or Assembled (Repealed)

Guo Shui Fa [1992] No. 146

July 13, 1992

For the purposes of encouraging export of products manufactured by foreign-invested enterprises and increasing foreign exchange through exports, upon consulting the General Administration of Customs, provisions are made hereby as follows for issues of imposition or exemption of industrial and commercial uniform tax on or from products a foreign-invested enterprise transfers, other than export directly after manufactured, to another foreign-invested enterprise for export after reprocessed or assembled:

Article 1 Raw materials, fuel, bulk parts, spare parts, components, supporting parts, accessories and packaging materials (hereinafter referred to as "materials and parts") shall be classified as bonded goods and subject to customs' supervision.

Article 2 Where any foreign-invested enterprise transfers, other than exports products directly after manufactured with imported materials and parts, to another foreign-invested enterprise engaging in processing with imported materials for export after reprocessed or assembled, it shall go through export formalities with local customs, meanwhile, the foreign-invested enterprise undertaking the processing with imported materials shall go through import formalities in form of processing with imported materials and be subject to customs' supervision over processing with imported materials.
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