Introduction to GLA tariff guarantee insurance

Tariff guarantee insurance is the first domestic insurance industry to government agencies (each port customs) as the insured guarantee insurance products. The import enterprise is the insurance applicant and the customs is the insured. The insurance company provides tariff insurance guarantee for import enterprises, realizing "customs clearance first, tax payment later", so that enterprises really enjoy the reform dividend. The term of the insurance shall not exceed one year.

Applicable customer

Customs certified import enterprises Small and medium-sized enterprises that Need to release the tariff deposit and bank line of credit

The product features

Low cost -- no mortgage, no credit granting, new cost, activating precipitation funds of enterprises, expanding financing capacity

High efficiency -- shorten customs clearance time, improve trade efficiency and enhance industry competitiveness

Simple procedures -- the application procedures are simple and fast, the quota audit is professional and convenient (completed within 10 working days), and the guarantee quota is used for recycling

Quick claim settlement- ensure customs tax security， trigger a claim within five working days to pay.

The insurance liability

The customs duties involved in the declaration of imported goods by the insured during the period of insurance; Where payment is not made within the time limit prescribed by the customs, the insured shall apply to the insurer for compensation, and the insurer shall compensate the insured with customs duties and late fees according to the insurance contract.

Customs duties include but are not limited to import duties, import value-added tax, import consumption tax, anti-dumping duty, countervailing duty, waste electrical and electronic products disposal fund, deferred tax interest and other items.