Recently, the Hainan Provincial Department of Finance and three other departments jointly issued a relevant notice, making it clear that the processing value-added duty free policy applies to qualifying goods sold on the island. This means that the Hainan Free Trade Port has officially implemented the duty-free policy for processing value-added goods on the island. According to the “Notice Concerning Administrative Matters Relating to the Island-wide Customs Clearance Operation of the Hainan Free Trade Port”, goods produced by enterprises in the Hainan Free Trade Port, including imported materials and processed at the Hainan Free Trade Port with a value-added value added of 30% or more, are sold on the island in accordance with the requirements of the applicable processing value-added policy documents when entering the Mainland through the “second tier” of the Hainan Free Trade Port.

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