Gold Phoenix Technology Received OEM Import Tax Exemption from China Customs

As one of the biggest PCB and PCB assembly houses in Wuhan, China, Gold Phoenix Technology has received the import tax exemption license from China Customs. In the future for all components purchased outside China with the invoices under our company’s name and later on exported, there will no longer be any import tax charged. China Customs only charges a “booking fee” to record the “package list” Gold Phoenix imported and to make sure those items will be exported later.

In China only those OEM suppliers who export more than $5 million USD goods every year can apply for the Import Tax Exemption. With this exemption, our clients can save around 20% of the value of the components purchased. We are excited to share this good news with our clients and we are expecting to see a big increase in our OEM business division in the future.