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Analysis of Goods Exported for Foreign Contracted Projects: Processes, Procedures and Certificates
Category: Trade EssentialsDate: October 31, 2024 13: 31Source: Shanghai Zhongshen International Trade Co., Ltd.
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With the advancement of the "Belt and Road" Initiative, the number of China's overseas contracted engineering projects continues to grow. For the export goods involved in these projects, enterprises need to understand and comply with a series of regulations and procedures. This article will provide a detailed analysis of these contents.
I. Definition of Goods Exported for Foreign - contracted Engineering Projects "Export of goods for overseas contracted projects" refers to the equipment and materials exported by companies approved by the national competent authority of commerce with the right to undertake overseas contracted projects, for the purpose of contracting foreign construction projects and conducting labor cooperation or other overseas cooperation projects. This does not include the export of engineering equipment and materials under contracted projects and labor cooperation between enterprises in border areas, which are approved by the national competent authority of commerce with the right to undertake foreign economic and technological cooperation, and neighboring countries of China.
II. Do the goods exported under foreign - contracted engineering projects need to undergo inspection and quarantine? For goods subject to national legal inspection and quarantine and other controls, enterprises need to complete relevant procedures before customs declaration for export.
III. Do the equipment exported under foreign - contracted engineering projects need to provide license documents? For the equipment (including complete sets of equipment), materials, construction machinery, and daily necessities for personal use of personnel exported under foreign - contracted engineering projects, the customs shall handle the customs clearance procedures based on the project contract or other documents signed by the enterprise and the overseas owner and the export license documents. For commodities subject to export license management, enterprises must first submit an approval application to the commercial department with a valid project contract or other valid documents.
IV. How should the daily necessities for personal use of personnel exported under foreign - contracted engineering projects be declared? For equipment (including complete sets of equipment), materials, construction machinery, and daily necessities for personal use by personnel exported under overseas contracted engineering projects, customs shall handle the clearance procedures based on the project contracts or other documents signed between the enterprise and the overseas owner, as well as the export licenses. When declaring daily necessities for personal use, the customs supervision method shall be "Other," with the code 9900.
V. Do the goods exported under foreign - contracted engineering projects need to pay taxes when they are re - imported? The equipment, instruments, and supplies used in the construction of the project exported under foreign - contracted engineering projects shall be re - imported within 3 months after the expiration of the project period specified in the project contract. For the materials re - imported beyond the specified time limit, the customs will handle the relevant procedures in accordance with general trade import goods and levy taxes as required.
The above content is a detailed analysis of the relevant regulations and procedures for the export of goods for foreign - contracted engineering projects, sourced from the official website of the customs. It is hoped that it can provide assistance to relevant enterprises when carrying out foreign - contracted engineering projects. If you have more questions, please feel free to consult.ZhongShen International TradeThe consultation hotline is 139 - 1787 - 2118.