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Linyi Customs Innovative Guarantee Method Solves Corporate Financing Difficulties

Date:2021-03-17  Hits:51

On March 8, a batch of imported "latite nickel mines" from a company in Linyi City applied customs duty guarantee insurance for smooth customs clearance. It only took 17 minutes from declaration to release and delivery, and 2.32 million yuan of working capital was released through tariff guarantee insurance. 

It is understood that in order to alleviate the problems of corporate financing difficulties and expensive financing, Linyi Customs has vigorously promoted new guarantee methods such as tariff guarantee insurance, which effectively alleviated the financial pressure of enterprises during the epidemic. In addition, Linyi Customs has established a "zero waiting" liaison mechanism for import companies, commercial banks, insurance companies, and customs duty departments to create a fast and green channel for tax-related goods. At the same time, a healthy competition mechanism is introduced to expand the scope of participating insurance companies in the tariff guarantee insurance pilot program to eight, and enterprises can independently choose cost-effective guarantee agencies to issue insurance policies. Since launching the reform model, Linyi Customs has released more than 1.2 billion yuan in working capital for enterprises. 

(Source: Linyi Daily)

 
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