Market procurement trade has the following characteristics

Characteristics of market procurement trade. Market procurement trade is an export trade method promoted by the state in order to solve the problem of small batch exports of small, medium and micro enterprises. Its customs supervision code is "1039". Market procurement trade initially refers to a model in which foreign merchants purchase goods in designated markets in China and then quickly clear customs to complete the trade. It was originally called "tourism procurement" and the customs supervision code was "0139".

Market procurement trade has the following characteristics: 1. Market procurement trade solves the problem of not having input invoices, not being able to pay taxes on exports, and not knowing how to declare. 2. Market procurement trade has the characteristics of no need to issue VAT invoices, exemption and non-refund, which greatly simplifies the export process of small, medium and micro enterprises, and export customs approval is seconds. 3. Market procurement trade solves the difficult problems of collection and foreign exchange settlement. With the influence of national policies, foreign trade settlement has become increasingly difficult. 1039 market procurement trade innovation in foreign exchange collection is a "legal foreign exchange collection" approved by the state. At the same time, RMB is supported for foreign exchange settlement. 4. The customs declaration limit is increased. The predecessor of market procurement trade is tourism procurement. Tourism procurement initially only had a customs declaration limit of 50,000 US dollars, while the market purchase limit was increased to 150,000 US dollars (including 150,000 US dollars).