2023 Update on Policy Functions and Comparative Analysis of Bonded Areas in Qingdao

Hello to all partners interested in bonded business! Based on the latest customs policies, we have comprehensively updated the functional introductions for various bonded areas in Qingdao and added an introduction to the "Qingdao West Coast New Area Bonded Logistics Center (Type B)."

I. Qingdao Qianwan Comprehensive Bonded Zone (CBZ)

Area Introduction: Upgraded from the original bonded zone, bonded logistics park, and parts of the port area, it is the first CBZ in China to achieve "functional integration and policy superposition." It covers 9.72 sq km and is only 5 km from Qianwan Port.

Core Functions: Integrates bonded, logistics, and port functions. It focuses on clusters such as electronic information, biomedicine, smart equipment, and auto parts.

Regulatory Highlights:

• Account Type: Jinguan II TW Account.
• Declaration Method:
• Notes: For multi-vehicle exits, all vehicles can only leave after the last vehicle passes the weighbridge.

II. Qingdao West Coast Comprehensive Bonded Zone (CBZ)

Area Introduction: Covers 2.01 sq km, 16 km from Qianwan Port and 34 km from Jiaodong Airport. EKUN operates over 20,000 sqm of high-standard Class C warehouses here.

Regulatory Highlights:

• Account Type: Jinguan II TW Account.
• Declaration Method:
• Advantages: Simplified "First-line Entry" and flexible "Second-line Exit" options.

III. Public Bonded Warehouse

Function Introduction: Operated by independent corporate entities, providing public bonded warehousing. It serves as an extension of port functions with tax deferral and value-added services.

Regulatory Highlights:

• Account Type: Jinguan II L Account.
• Storage Period: 1 year, extendable by 1 year (max 2 years).
• Declaration Method:
• Limitation: No export-to-warehouse function.

IV. Qingdao West Coast New Area Bonded Logistics Center (Type B)

Function Introduction: A regulatory site approved by Customs, operated by a single enterprise but allowing multiple firms to conduct bonded logistics.

Core Advantages:

• Export Tax Refund: Domestic goods entering the center are treated as exports for tax refund purposes.
• "One-day Tour": Supports regional enterprises in tax refund and re-importation cycles.
• Cross-border E-commerce: Serves as a hub for the 1210 model.

Regulatory Highlights:

• Account Type: Jinguan II BW Account.
• Declaration Method:
• Storage Period: 2 years, extendable by 1 year.

Summary and Recommendations

EKUN suggests choosing based on business needs:

1. Import Bonded/Processing: Prioritize Qianwan or West Coast CBZ.
2. Export Tax Refund/Cross-border 1210: Prioritize West Coast Bonded Logistics Center (Type B).
3. Flexible Tax Deferral: Choose a Public Bonded Warehouse.