Recently, reporters got news that the “landing and tax” policy for imported vehicles, which has been carried out for ten years, will usher in a great adjustment. Parallel-import vehicle traders will benefit most.
The “landing and tax” policy, abstracted from Automobile Industry Development Policy published by NDRC in 2004, stipulates that, “Since 2005, all bonded areas in imported ports cannot store any vehicle with the purpose of entering domestic market.” According to the policy, General Administration of Customs stipulated in 2005 that, “Since October 1st, 2005, vehicles with the purpose of entering domestic market should go through import entry and tax declaration procedures directly in ports.”
For many years, the auto industryis an important trade supporting industry. Last year, as a result of decrease of imported vehicles, China’s total import value dropped 13.2% to 10.45 trillion Yuan. The cancel of above “landing and tax” policy will erase import traders’ and dealers’ fund pressure, stimulating the development of imported vehicles, especially parallel-import vehicles, which occupy the traders’ funds under the above policy.
Except for the above policy, customs clearance, 3C and other favorable policies are expected to be landed this year. With the application of these policies, parallel-import will bring significant impacts to import vehicle market’s price system.
