11 March 2014
Glossary: Domestic sale of processing trade
Chinese customs authorities require that bonded materials of processing trade enterprises should be 100% re-exported out of China upon completion of processing. If any processing trade enterprise is unable to comply with the re-export requirement due to special reasons, and the bonded materials or finished products have to be sold in China or used to produce goods for domestic sale, approval has to be sought from the commerce department at the provincial level. By presenting the approvals documents to the Customs and repaying the import duty, the goods can be sold domestically.
Related country: China
- Policy governing domestic sale of bonded materials and parts imported for processing
- Processing Trade
Related term: processing trade