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CHANGSHA Nov 1-5, 2018
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  Import & Export Process for CMGS Overseas Exhibits

 

  1. Exhibits Import & Export Process

  

 

  2. Tax Policy

 

  (1) TEMPORAY IMPORT

  All the CMGS overseas exhibits are TEMPORAY IMPORTED exhibits. The exhibitors don’t need to pay any duty or tax during the import process. But the exhibits are under custom’s supervision, and are only allowed to be stored in the CMGS customs supervision warehouse. After the exhibits are sold, exhibitors must declare their sold exhibits to the customs, and pay all the due tax or fees. Unsold goods can be shipped back to other countries directly.

  (2) GENERAL IMPORT

  Exhibitors can also choose GENERAL IMPORT for the exhibits. Exhibitors must pay all the duty and tax during the import process. The general imported exhibits will be then treated like domestic goods. Exhibitors can transport and sell freely. Customs supervision and declaration are not required. However, exhibitors cannot enjoy CMGS’s preferential duty policy.

  (3) Preferential Duty Policy

  All the sold and unsold overseas exhibits shall be declared to the customs; otherwise, all legal and economic responsibilities incurred shall be borne by exhibitors themselves.

  Exhibitors shall record every day the sales information of exhibits, summarize the information of sold exhibits, fill the “Sold Exhibits Declaration List” and submit the above all documents to the Sales Declaration Office before the show finished. Exhibitors need to pay all the related duty, taxes and fees.

  The category of the HS code of the exhibits is subject to the classification by the customs.

 

  CategoryTariffConsumption TaxVAT

 

  Under HS code 9705:

  mineral specimens, fossils, meteorites0%0%17% Paid by the Hunan Provincial Government. Exhibitors do not need to pay

  Under HS code 71**:

  precious stones, semi-precious stones, (including amethyst, smoky quartz, agate, amber, etc.), jewelry, etc. 0%

  If the total sales amount is less than USD20,000

  (unit price should be less than USD1,000)10%17%

  8%-35%

  If the total sales amount is above USD20,000

 

 

Category
Tariff
Consumption Tax
VAT
Under HS code 9705:
mineral specimens, fossils, meteorites
0%
0%
17%                                     Paid by the Hunan Provincial Government. Exhibitors do not need to pay
Under HS code 71**:
precious stones, semi-precious stones, (including amethyst, smoky quartz, agate, amber, etc.), jewelry, etc. 
0%
If the total sales amount is less than USD20,000
(unit price should be less than USD1,000)
10%
17%
8%-35%
If the total sales amount is above USD20,000

 

 

  (4) Service Fees

 

  All the on-site sales of temporary-imported exhibits will need to be declared to the customs and paid related service fees.

 

 

Import Price AmountRMB
Agency FeeRMB
Customs Clearance FeeRMB
CIQ Inspection FeeRMB
Documentation Fee
RMB
TotalRMB
Under 100,000
¥1,000
¥400
¥400
¥200
¥2,000
Between 100,000-300,000
¥3,000
¥400
¥400
¥200
¥4,000
Between 300,000-1,000,000
1% of the import price
¥400
¥400
¥200
1% of the import price +¥1,000
Between 1,000,000-2,000,000
1.5% of the import price
¥400
¥400
¥200
1.5% of the import price +¥1,000
Above (include)  2,000,000
2% of the import price
¥400
¥400
¥200
2% of the import price +¥1,000

 

  3. Financial Services and Preferential Policy

 

  Bank of China will offer RMB accounts and POS machine leasing service for foreign exhibitors on-site. If exhibitors need to remit all the sales revenue to overseas accounts, exhibitors shall fill in “Transaction DeclarationForm “ in the Sales Declaration Office (located at the Business Center of the exhibition hall), change the currency and remit the revenue at the on-site counter of Bank of China. There is no amount limit for transfer, and exhibitors do not need to provide any other supporting documents except original passport.

 

 

                     

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Address:1A,Hunan International Conference & Exhibition Center