Nowadays, the benefits of policies provide impetus for the development of enterprises. Both Jiangsu Tianyin and Yida Chemical have made good use of it, each demonstrating their capabilities in the field of chemical engineering and opening up new horizons.
Tianyin Chemical, on the second anniversary of the full implementation of the RCEP, has fully enjoyed the benefits of the policy. Song Zhenhao, the person in charge of the company, said, "Through the 'expedited channel', our company submits the application, and the customs can approve it on the same day. We can print the certificate of origin by ourselves, eliminating the worry of 'goods waiting for certificates'." This year, a total of 123 RCEP certificates of origin have been issued, with a total value of 19,422,000 yuan. Compared with the same period last year, they have increased by 10.8% and 3.2% respectively. Tariff preferences of 785,100 yuan have been obtained in the importing countries. Dana mainly researches and produces ethylene oxide, propylene oxide and their downstream products, which are used in high-end manufacturing such as liquid crystal panels and integrated circuits. In order to help enterprises make use of the RCEP policies, Jinling Customs has adopted an online and offline "Jinling Customs Knowledge Sharing Conference" system to introduce the origin and approved exporters. For those who are new to business, it uses the "Preferential Origin Service Platform" to optimize the process and set up an "expedited channel", enabling the issuance of certificates and approval on the same day.
Yida Chemical has also taken advantage of the favorable policies. Its company is the convener of the "Propylene Glycol Ether and Ethylene Glycol Ether Working Group" approved by the National Standardization Committee, and has taken the lead in or participated in the formulation (revision) of multiple national industry standards. Taixing Yida, a wholly-owned subsidiary, is the leading drafter of the "Technical Specification for Evaluation of Green Design Products - Propylene Oxide" chemical industry standard. Moreover, Yida has been awarded the High-tech Enterprise Certificate jointly issued by the Jiangsu Provincial Department of Science and Technology, the Department of Finance, and the Tax Bureau. According to the "Enterprise Income Tax Law of the People's Republic of China" and other regulations, it has enjoyed a preferential tax rate of 15% for three consecutive years.
Tianyin and Yida, both specializing in ether derivatives, take intelligence, innovation and environmental protection as their approaches. It excels in alcohol ethers and alcohol ether esters, relying on its technological and industrial chain advantages. Both make good use of policies, take quality as the foundation and innovation as the progress, contribute to the development of the chemical industry, and hope to continue to achieve excellent results and jointly promote the prosperity of the chemical industry.
