What is 1039 market procurement trade mode

1039 Market procurement mode is a new international trade mode launched by China on July 1, 2017. Market purchase customs supervision code 1039 refers to a trade method in which an entity with business qualification purchases commodities worth less than $150,000 (including $150,000) in the market poultry area identified by the state competent commercial department and goes through export declaration formalities at the designated port of the customs.

Market procurement

1. No need for invoices: for many foreign trade enterprises without import and export rights, there is no need to issue VAT invoices. Goods without invoices can be exported in 1039 mode to save costs.

2. Expand the limit of customs declaration: the value of goods in the declaration form can be usd 150,000 at a time.

3, customs clearance convenience: allow container consolidation, the implementation of simplified classification declaration, more than 10 kinds of goods, according to the "chapter" classification, single ticket declaration only need to list one kind of goods.

4, low entry threshold: this new way is suitable for suppliers and purchasers, on the one hand, without deep participation in substantive foreign trade links, on the other hand, small and medium-sized merchants without international trade ability can simply participate in foreign trade.

5. Support direct payment of goods to domestic RMB accounts: 1039 breaks through the restriction of "whoever exports, receives foreign exchange". This policy has two direct benefits. Second, to avoid the freezing of domestic accounts, export 1039, because the country will check the authenticity of the trade of the whole platform enterprises, as long as they do regular trade, they will not be suspected of illegal money laundering.

6, heavily regulated: 1039 market procurement trade platform audit strictly, on the one hand, the trade of 1039 market procurement platform by qualification must be conducted for the record, the goods for the record, trading information for the record, set of goods, packing, inspection declaration, tax declaration and a series of review, on the other hand because platform, access to bank is the bank fiduciary law review.

7. Low tax rate or zero tax rate: In order to standardize and unify the duty-free management of export goods through market purchase trade, the State Administration of Taxation took the lead in trying out the Duty-free Management Measures for Export Goods through Market Purchase Trade in Yiwu in 2013. Subsequently, such duty-free policies spread all over the country.