China: Customs update (third quarter 2015)

China: Customs update (third quarter 2015)

The KPMG member firm in China has prepared a summary of customs developments for the period of July 2015 to August 2015. Among the developments for the third quarter 2015 are the following:

Related content

  • Nationwide rolling out of consolidated customs duty collection: The General Administration of Customs released Notice No. 33, stating that beginning 27 July 2015, consolidated customs duty collection reform is being rolled out nationwide on the basis of prior pilot programs.
  • The World Customs Organization (WCO) HS Nomenclature, for 2017: The WCO published amendments to the HS Nomenclature that will be effective 1 January 2017. China’s customs authorities released a notice for 58 unit consumption standards for processing trade that will be effective 17 September 2015.
  • Pilot program for electronic automatic import license (AIL), further expanded: Effective 1 August 2015, a pilot program of using electronic AIL is further expanded from the Shanghai Pilot Free Trade Zone to 10 regional customs jurisdictions.
  • Nationwide implementation of “double-random” mechanism: Declaration forms with “high risks” will be automatically selected by computers on the basis of the customs’ risk analysis. The “double-random” mechanism will promote impartiality in law enforcement and reduce manual intervention of inspections.

Updates on local customs regulations

  • Notices to support the Tianjin free trade zone: The content of these notices includes the bonded exhibition and trade in Beijing-Tianjin-Hebei region; the supervision of financial leased large equipment by customs elsewhere; and the expansion of product category as well as the geographical region of the bonded delivery of futures, etc.
  • Shenzhen Customs acts to support the development of Qianhai and Shekou areas of Guangdong free trade zone: Shenzhen Customs is the first local authority to initiate rapid cross-border customs clearance project between Hong Kong and Shenzhen, by establishing a logistic channel connecting mainland China and Hong Kong through Huanggang and Shenzhen Bay port.
  • Nanjing pre-declaration portal: On 3 August 2015, Nanjing Customs released a notice, announcing that import and export companies that conduct customs clearance work for themselves can now apply for the usage of the e-Port portal at no cost to them (“nil” cost).
  • Xiamen Customs to explore, establish a classified supervision mechanism for cargo in supervised areas: Cargo would be divided into three categories—port cargo, bonded cargo and non-bonded cargo, and would be supervised separately.

 

Read a September 2015 report prepared by the KPMG member firm in China: Customs Policy Update - for the period from July 2015 to August 2015

The KPMG logo and name are trademarks of KPMG International. KPMG International is a Swiss cooperative that serves as a coordinating entity for a network of independent member firms. KPMG International provides no audit or other client services. Such services are provided solely by member firms in their respective geographic areas. KPMG International and its member firms are legally distinct and separate entities. They are not and nothing contained herein shall be construed to place these entities in the relationship of parents, subsidiaries, agents, partners, or joint venturers. No member firm has any authority (actual, apparent, implied or otherwise) to obligate or bind KPMG International or any member firm in any manner whatsoever. The information contained in herein is of a general nature and is not intended to address the circumstances of any particular individual or entity. Although we endeavor to provide accurate and timely information, there can be no guarantee that such information is accurate as of the date it is received or that it will continue to be accurate in the future. No one should act on such information without appropriate professional advice after a thorough examination of the particular situation. For more information, contact KPMG's Federal Tax Legislative and Regulatory Services Group at: + 1 202 533 4366, 1801 K Street NW, Washington, DC 20006.

Connect with us

 

Request for proposal

 

Submit

KPMG's new digital platform

KPMG International has created a state of the art digital platform that enhances your experience, optimized to discover new and related content.