Hainan Free Trade Port Implements "Zero-Tariff" Goods Account Book Management Measures

The Hainan Provincial People's Government has introduced the "Hainan Free Trade Port 'Zero Tariff' Goods Account Book Management Measures" to ensure efficient supervision of "zero tariff" goods and better release of policy dividends. The measures consist of three chapters and 26 articles, outlining the scope of application, smart supervision, and account book management for imported goods. The policy aims to manage and control "zero tariff" goods, relying on the development of smart customs and utilizing management methods such as "one enterprise, one account."

Key Takeaways:

• The "Hainan Free Trade Port 'Zero Tariff' Goods Account Book Management Measures" consists of three chapters and 26 articles to manage and control "zero tariff" goods.
• The measures clarify the use of account book management for "zero-tariff" imported goods, leveraging smart customs development and implementing intelligent and efficient "one enterprise, one account" supervision.
• Chapter 2 of the measures includes 19 articles, including the establishment, verification, and cancellation of account books, import and export and circulation management, and other management.
• For preferential enterprises importing "zero-tariff" goods, sub-account books for processing, logistics, and other types of goods will be established.
• An account book verification checklist will be established for verifying increases and decreases in account books.
• The declaration and management requirements for the import and export of "zero-tariff" goods, including direct release, non-direct release, export abroad, transfer between preferential enterprises, and transfer to domestic circulation, are clarified.
• The measures clarify that "zero-tariff" goods can use accounting models such as unit consumption, material consumption lists, and work orders.
• A write-off system is established, detailing the specific management requirements for write-offs.
• The measures establish an information system adapted to the management of "zero tariff" goods accounts and taking benefit-sharing enterprises as units, relying on the development of smart customs, and utilizing management methods such as "one enterprise, one account."
• A single system and a single chain will be established to achieve both rigorous and efficient smart supervision of "zero tariff" goods.

Statistics:

• The "Hainan Free Trade Port 'Zero Tariff' Goods Account Book Management Measures" consist of three chapters and 26 articles.
• Chapter 1 includes three articles, Chapter 2 includes 19 articles, and Chapter 3 includes four articles.
• The measures establish an account book verification checklist for verifying increases and decreases in account books.
• A write-off system is established, detailing the specific management requirements for write-offs.

Sources:

• Hainan Provincial People's Government news release
• Hainan Daily Omni-Media Reporter
• Haikou Customs
• https://www.hainan.gov.cn/hainan/5309/202510/afcaffd80ee44899af344cc1e507b076.shtml?ddtab=true