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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 Chinas overseas contracted projects continues to grow. For the export goods in these projects, enterprises need to understand and comply with a series of regulations and processes. This article will provide a detailed analysis of these contents.
I. Definition of Goods Exported for Foreign - contracted Engineering Projects Overseas contracted project export goods refer to the equipment and materials exported by companies approved by the national competent authority of commerce with the right to operate overseas contracted projects for contracting foreign construction projects and carrying out labor cooperation and 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 approved by the national competent authority of commerce with the right to operate foreign economic and technical 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 the export of equipment (including complete sets of equipment), materials, construction machinery, and daily necessities for personnel under overseas contracted projects, customs shall handle the customs clearance procedures based on the project contract or other documents signed between the enterprise and the overseas owner and the export license. The customs declaration for the export of daily necessities shall be under the supervision method Others, 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.