The electronic business of tax guarantee deposit collection, transfer, and refund has officially been implemented in Ningxia.

This article is reprinted from: Yinchuan Daily

Xiao Mengqi

In this report (reporter: Xiao Mengqi), recently, Yinchuan Customs successfully handled the filing procedures for a 118k-yuan bond for Ningxia Hanlian International Trading Co., Ltd. through the customs duty guarantee deposit collection, transfer, and refund electronic system. This is the first customs duty guarantee deposit e-collection business in Ningxia, marking the official rollout of this facilitation reform in Ningxia.

On March 18, the pilot bank for the duty guarantee deposit collection, transfer, and refund electronic application expanded further beyond the Bank of Communications and China Merchants Bank to include the Bank of China, Industrial and Commercial Bank of China, China Construction Bank, and Ningbo Bank. After the pilot expansion, Ningxia businesses can handle the payment, transfer to tax, and refund of duty guarantee deposits end to end online through the “Single Window” platform for international trade, truly achieving “more data traveling, fewer trips for enterprises.”

In terms of specific operations, companies only need to send a filing application for a duty guarantee deposit to customs through the “Single Window.” After completing the online payment, they can download and print an electronic duty guarantee deposit receipt themselves. In addition, the process of companies applying for a refund of the duty guarantee deposit and the case-closing (cancellation) related to the guarantee was removed. After the company pays the taxes, customs directly handles the guarantee case-closing procedures, and the funds are automatically returned to the company’s account along the original route. Through electronic data circulation between the customs and bank systems, full-process online closed-loop management is achieved for duty guarantee deposits—from collection and transfer to tax, to refunds—truly realizing “no application required for refunds, intelligent verification, and funds credited in real time.”

“In the past, we needed to prepare paper materials and handle the guarantee deposit refund business offline. Now everything is done online. The funds are credited promptly, and the documents can be checked anytime, which greatly reduces our pressure from capital occupation and our labor costs.” Liang Xue, a customs affairs staff member at Ningxia Hanlian International Trading Co., Ltd., said.

To ensure the new model is implemented smoothly, Yinchuan Customs, on the one hand, strengthens system connection and testing to guarantee the stability and security of electronic data transmission; on the other hand, it conducts policy briefings and operational training through multiple channels both online and offline to guide enterprises to become familiar with the new process. At the same time, after expanding the scope of pilot banks, customs and partner banks have established a rapid-response mechanism to promptly resolve difficult issues encountered by enterprises during operations, ensuring that the dividends of the reform reach operating entities precisely.