By Chen Ke

On 31 August, Nantong integrated bonded area cross border e-commerce online shopping bonded import work completed first batch of goods’ check. It is a sign that cross border e-commerce online shopping bonded import work was started in Nantong.

Cross border e-commerce online shopping bonded import is the major system cross border e-commerce import work applies. It is also called bonded stock system. Under the system, e-commerce companies can purchase goods from foreign countries, import and stock in special supervised area in Customs based on market prediction and consumers’ needs, then sell retail online, and send to domestic customers according to orders under personal status. There is zero tariff on goods in the list within limit, and 70% of staturory taxable amount of value added tax on imports and consumption duty will be paid. There are obvious advantages in Customs clearance efficiency, goods quality and cost performance.

In the next stage, Nantong integrated bonded area will promote cross border e-commerce companies attraction, create better e-commerce operation environment and provide more good quality imported goods for consumers in Nantong and east China area.