Becoming a Russian Oligarch After Rebirth
Chapter 267 Extreme Market Response_1

Chapter 267: Chapter 267 Extreme Market Response_1

Old Wu’s heart skipped a beat, and he asked hurriedly, "What happened? What’s wrong?"

If something happened in the large market, it usually wasn’t anything good...

The last "incident" he encountered was when the ACT Market was sealed off by the Tax Department!

At that time, Old Wu felt like he was going to be "slaughtered" ruthlessly, but luckily, the market was unsealed. Apart from delaying business for a few days and missing out on some profits, the losses were still bearable.

Now, hearing the same word again, how could he not be frightened?

Out of breath, Xiao Zhang replied, "The Market Management Office has announced that gray customs clearance will be cancelled in the future. All goods sold in the New Sun Market must undergo formal customs clearance!"

Old Wu’s forehead broke out in sweat. He had been doing business here for many years and understood exactly what this meant!

If the clearance is done formally, taxes and other fees would increase a bit, which was normal and bearable.

But the problem was, it would take too much time!

Shipping from China to Moscow, if using gray customs clearance, it would take only about a month for the goods to go from the domestic factory to the market in Moscow.

However, if using formal customs clearance, this time would be dragged out to three months, or even longer...

What the hell was the New Sun Group thinking? Why would they suddenly disallow gray customs clearance?

Old Wu found this hard to believe because he had just imported a batch of goods through the New Sun Group’s clearance company a few days ago, and it was clearly through the gray customs clearance channel.

By doing this now, wasn’t the New Sun Group cutting its own throat?

What’s worse, this was almost like driving the merchants out of the market!

......

"Where did you get this information from, has it been confirmed?" Old Wu asked with suspicion.

As it was a matter of great importance, Old Wu needed to confirm the validity of this news.

"From the bulletin board in the Little Red Building. I also heard it from others, then I went to have a look. Now the whole market knows, everyone is discussing it," Xiao Zhang replied.

Without asking any more questions, Old Wu decided to go and have a look himself.

Such matter was extremely important, as it was related to the adjustment of future businesses, he had to ensure its accuracy!

As soon as he stepped out of his shop, he bumped into Old Liu from the next shop. They knew each other quite well and had a good relationship.

"Old Wu, have you heard about it..." Old Liu started to ask.

Before he could finish, Old Wu interrupted him with a bitter smile, "You want to ask about the customs clearance issue, right? I’ve just heard about it and I’m about to check it out."

"So you also know it. Let’s go together. I just heard about it and plan to go to the management office to check the notice, to see what’s going on." Old Liu said in haste.

The two of them walked together towards the management office. Along the way, they met quite a few familiar Chinese Business Owners, obviously everyone knew about it, and all were discussing it.

Before they even reached the Little Red Building, they saw a large crowd gathering around the bulletin board...

"Ah? This... we can’t squeeze in," Old Wu was dumbfounded.

There are too many people here now!

The crowd was noisy, and it was difficult to hear exactly what everyone was discussing, but without asking, it was clear everyone was discussing the customs issue...

As he was standing on his tiptoes trying to get a peek at what was happening, a voice came from the entrance of the Little Red Building.

"Everybody calm down! Calm down! Right now, everyone is concerned about this customs issue, right? I am here to explain in detail what exactly is going on, and what impact it will have on your businesses!"

Looking over, Old Wu recognized the plump man speaking into the loudspeaker, it was Big Head Kong, the Vice President of the New Sun Group!

Actually, in the market, there was hardly anyone who didn’t know Big Head Kong.

After all, he had been around the big market for many years, and he would circle the New Sun Market every day with a few security guards.

Seeing the Vice President of the New Sun Group come out to explain the transition from gray customs clearance to regular customs clearance, everyone quieted down, ready to hear the "official" explanation.

Big Head Kong cleared his throat, and said proudly, "About this matter, many of you may not fully understand, so there are various concerns.

But, I can assure you that, for everyone, this is absolutely great news!"

As soon as he said this, someone shouted from below.

"President Kong, how can this be good news? After the switch to regular customs clearance, not only are the costs higher, but the most troublesome thing is that it takes too long!"

"Exactly, we could have opted for regular customs clearance before, but why did everyone choose gray customs clearance? Isn’t it because it’s cheaper and more efficient?"

"Hehe, regular customs clearance is said to take three months, but in reality, it can’t be completed even within half a year! I have tried it before, but after trying it once, I dare not use regular customs clearance anymore."...

The crowd below began to buzz, they were all experienced businessmen, and they understood the ins and outs, so Big Head Kong couldn’t deceive them.

Big Head Kong wasn’t in a hurry, he let the crowd discuss for a while. After the noise had quieted down, he picked up the loudspeaker again and continued to explain, "You didn’t let me finish before you started worrying. Don’t rush, let me explain, and after that, analyze whether it’s a good thing or a bad thing."

Catching his breath, he continued, "From today onwards, the New Sun Group’s clearance company will have the authority to clear customs and file taxes independently!"

After he finished speaking, Big Head Kong looked around below with delight.

However, there seemed to be no reaction from the Chinese businessmen at the scene, everyone was puzzled and didn’t understand what Big Head Kong was talking about.

Clear customs and file taxes independently?

What does that mean...

Seeing that there was no response from the audience, Big Head Kong seemed a bit impatient. Did these uncultured folks not even understand this!

He quickly explained again, "Simply put, the original... um, you all know, the clearance mode, has become legal! And the clearance efficiency will be faster than before, and the cost will not increase! In the future, the goods you sell will all have legal customs lists!"

As gray customs clearance became formal, the cost should have increased.

Now it remains unchanged, this all should be credited to Wang Ye’s efforts. He requested that several major categories, including shoes, bags, clothes, accessories and other categories mainly operated by Chinese businessmen, be designated as import categories supported by the government, enjoying preferential import tax rates!

Previously, when everyone used gray customs clearance, the cost wasn’t any lower because those fees were taken by various clearance companies and relevant personnel...

Now, after becoming regular, everyone does not need to spend more money, but the goods have transformed from illegal "smuggling" to regular customs clearance!