Duty-Free

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📖 Detailed Explanation

Duty-Free refers to trade measures that exempt import tariffs, value-added tax, consumption tax, and other indirect taxes. It typically applies to specific areas (such as bonded zones, free trade zones, airport duty-free shops) or specific uses (such as diplomatic exemptions, samples, goods for repair). Use cases include: importing raw materials for processing and re-export, shipping from cross-border e-commerce bonded warehouses, items carried by international travelers, etc. Notes: Duty-free does not mean exemption from all taxes; it may only exempt tariffs while VAT is still charged; customs supervision conditions must be met, otherwise taxes may be recovered; it is different from 'zero tariff', which sets the tax rate to zero, whereas duty-free exempts taxes due; it is different from 'tax refund', which collects first and refunds later, whereas duty-free directly exempts. Foreign trade practitioners should distinguish accurately to avoid compliance risks caused by declaration errors.

📝 Examples

1. Our company imported a batch of electronic components worth 50,000 euros from Germany for processing into finished products and then exporting them all, so we applied to customs for duty-free import, saving about 12% in tariffs and VAT. (Note: Duty-free import under a processing trade manual) 2. Under Hainan's offshore duty-free policy, tourists can enjoy an annual duty-free shopping quota of 100,000 yuan, and imported cosmetics, luggage, and other goods are exempt from tariffs, VAT, and consumption tax. (Note: Offshore duty-free policy scenario)

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