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Recently, Yuchai Machinery Group Co., Ltd (Yuchai for short) has got the approval of "Import & Export Enterprise Rated as AA by Customs" by China General Administration of Customs. The receiving of this honor means Yuchai has got the highest credit rating from the Customs. On 18 May, Guangxi Naning Customs held the awarding ceremony of the companies rated AA and A and issued tablets to 10 corporations with AA rating in Guangxi, including Yuchai.
According to the scale of operation and integrity of law-abiding operations, China General Administration of Customs classifies the companies into five categories: AA, A, B, C and D. The higher of the rating of the company, the more favorable measures are for the company, therefore, the appraisal standard is quite strict. Yuchai always has a high demand on the management of import and export, strictly controls the process of customs declaration and clearance and continuously improves the related professional levels. No bad record in the administrative departments such as commerce, bank, industry & commerce, tax and quality control. It obtains the confirmation of Customs in the respect of its credit and law-abiding with complete accounting system, real business record, error rate of customs declaration is below 3% and effective receipts as well as certificates.
As the Import & Export Enterprise Rated as AA by Customs, Yuchai will enjoy the most favorable, convenient customs clearance formalities (no need for the inspection by package opening, security clearance and automated clearance are allowed), which shorten the time for customs clearance, reduces the operation cost and favors the new business.