China: Plan to expedite, modernize customs processing | KPMG | GLOBAL

China: Plan to expedite, modernize customs processing

China: Plan to expedite, modernize customs processing

China’s officials announced a plan to revise and expedite traditional bonded processing, to reflect modern logistics and traditional trading businesses, and to facilitate transactions involving cross-border leasing, cross-border e-commerce, maintenance and testing, and reproducing industries.


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The guidance—Guo Banfa [2015]—released by the State Council is known in English as: “Notice on Distributing the Plan on Speeding up the Integration and Optimization of Areas under Special Customs Supervision.” 


Read a September 2015 report prepared by the KPMG member firm in China: General Office of the State Council issued Plan on Speeding up the Integration and Optimisation of Areas under Special Customs Supervision

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