The “landing tax†policy for imported cars that have been in operation for ten years is expected to be adjusted this month. Recently, it is reported that imported cars in the Tianjin and Shanghai Free Trade Zones will enjoy a certain period of bonded policy. “Funding and tax payment†means that the “Automobile Industry Development Policy†promulgated by the National Development and Reform Commission in 2004 stipulates: “Since 2005, all import port bonded areas shall not store cars for the purpose of entering the domestic market.†Therefore, the General Administration of Customs stipulates that "From 2005 onwards, vehicles that enter the domestic market should go through formalities such as import declaration and tax payment directly at the port customs."
Comments: After the cancellation of the “landing tax payment†policy, the financial pressure of import traders and dealers will be alleviated, and parallel import traders will become the biggest beneficiaries. As the parallel import business enters a stage of stable and healthy development, the market's complementary role is better played, which will also have an important impact on the overall price system of the imported car market.
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