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The First Commodity Extended Platform in Chongqing Bonded Port Zone Settles in the Jiefangbei

    The import bonded goods with high quality and low price now can be also bought in the areas outside the bonded port zone. On July 14, Chongqing Bonded Port Zone and Chongqing Yuzhong District asserted jointly that the Chongqing Bonded Port Zone has set up a bonded goods exhibition and sales extended platform in WFC universal shopping center at Jiefangbei, and it will officially open on July 31. This is the first extended platform to help the bonded goods go out of the bonded port zone.
    For the first phase of the project, there are 2,500 kinds of imported goods available.
    For the well-developed Jiefangbei business circle, the bonded goods exhibition and sales extended platform will be a new business model. It was learnt that the first phase of the extended platform covers an area of nearly 2,000 square meters. The 2,500 kinds of goods for exhibition and sale are selected from the 15,000 products in headquarters of the bonded port zone. They are mainly consumer goods, selected articles for daily use, international entry-level luxury watches and jewelry, maternal and child supplies, etc. imported from Australia, Europe and America.
    According to the relevant person in charge of Chongqing Bonded Commodities Exhibition and Trade Center, the WFC extended platform at Jiefangbei will promote the function of "bonded exhibition", which means that the imported goods samples having no customs clearance yet can enter the extended platform to be visited and experienced by the staple traders directly, and can be imported in batches according to the general import process after the formation of orders.
At the same time, it is also intended to implement the "hire purchase" pilot policy for relevant goods on the basis of bonded exhibition, so as to expand the scale of exhibition and sales and attract overseas new brands to try to launch on the Chinese market, thus creating a never ending exhibition and sales fairs.
    The imported goods can be discounted for 20% compared with that in Hong Kong to the largest extent.
    According to the principal of Chongqing Bonded Port Zone Import and Export Trade Co., Ltd., the goods in the extended platform have competitive prices. Generally speaking, the imported commodities are 20% cheaper than those in the market, and jewelry, watches and other goods even 5% - 20% cheaper than those in Hong Kong.
    How can we see the advantage in price? The principal indicated that it is the result of the policy advantages as the classified submission, concentrated tax of the extended platform. For the imported goods are stored intensively in the bonded port zone and distributed by the trading center to the extended platform, the import linkage tax can be not paid for the moment. When consumers purchase the bonded goods at the extended platform directly, the import linkage tax, domestic VAT and goods payment can be finished through the information systems at the same time. After that, the business entity can finish the custom procedures and tax payment procedures within a prescribed period of time.
    The industry insider said, through the extended platform, it is possible for the supplier to adjust their stock according to the market changes and sign the "exchange of goods" agreement with the suppliers on upper stream. Meanwhile, the introduction of delayed tax policy can reduce capital occupancy rate, and the cost of the goods.
   

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