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Bonded Logistic Center Does 10-Billion-dollar Business in First Half of the Year

Sources from SIP Customs reveal that customs duties and import tax in SIP added up to 2.527 billion RMB in the first 6 months of the year. In June alone, SIP Customs reaped 63.25 million RMB from customs duties, and 356.38 million RMB from import taxes, totaling 41.964 million RMB and growing by 70% as compared to the corresponding period last year. SIP Bonded Logistic Center, the first bonded logistic center (Type B) in China, hit US$10 billion in business volume under control in the first half of the year.

At present, 21 well-known domestic and overseas logistics enterprises have entered the bonded logistic center, and their business operation covers over a thousand manufacturers from 25 provinces and municipalities across the country.

To further promote the exemplary role of bonded logistic center, SIP Customs has taken 6 measures to improve customs service, such as consolidation of service management system, maximizing control procedures, introduction of VMI mode, CD service promotion, personalized customs clearance, and processing of customs bills on a daily basis, etc.

July 10, 2007

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