B2BSX operates the first customer-to-customer custom business application exchange (patent pending) where companies can sell and buy platform-dependent custom applications. These applications not only ensure compliance but also drive bottom line performance.
Name: Chinese Bonded Warehouse Compliance
Target Market: Global Manufacturers
Functional Area: Inventory management (WM-IM)
Short Description: Configurable solution that assures compliance with Chinese customs department’s Bonded Warehouse requirements. Enabled authoring company to achieve Green Lane Certification.
Detailed Description: The regulations regarding bonded, non-bonded, and domestic materials in china is intended to ensure appropriate tax treatment for all materials. In the event that a manufacturer is producing in China for both local and foreign markets and they use components sourced internally and abroad, then they have to be concerned with bonded materials compliance. The Legal requirement is to ensure that the correct category of components are consumed into the appropriate category of finished products. Additionally, the manufacturer must segregate the inventory from a tax perspective because the government can conducts unscheduled audits. The rules, as we understand them, can best be summarized in the chart below.
This solution, which was developed by a leading global consumer products company, assures compliance with Chinese customs department’s Bonded Warehouse requirements. The asset relies on a combination of configuration, master data settings, user exit code, custom programs, and business processes to control the consumption of Bonded components in China manufacturing plants. The authoring company is among a small percentage of companies that has received Green Lane Certification, which allows for expedited processing and cargo clearance.
Price: $8,000
Evaluation Period: 30 day free trial
Yearly Maintenance: None
Support: Standard support included in the price
- Relies on standard ECC functionality
- Guide for system configuration
- Several User Exit includes used
- Physical segregation of components ensured
- Assures compliance with Chinese customs Regulations – Stop worrying about whether your company is compliant! This solution has been proven to comply with the Customs regulation.
- Reduced Duty Charges – Better management of the process ensures that components are used in the appropriate finished products.
- Fewer Customs' Penalties – The application, together with a sound inventory management processes, will result in lower penalties.
- Green Lane Certification – While the solution does not guarantee certification, it was a key reason why the authoring company received the certification.
- Rapid Deployment – With our support, the application can be configured and ready for initial testing in as little as 3 days.
- No Yearly Maintenance Fees – There is no yearly maintenance fee for the product.
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