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China Customs Updates Enterprise Credit Management System

New credit management procedures have been introduced by China’s General Administration of Customs (GAC). These new requirements – as outlined in The Measures of the GACof the People’s Republic of China on Enterprise Credit Management (the Measures) – came into force on 1 May this year and complement the existing Criteria for Customs Certified Enterprises (GAC Announcement No. 82 [2014]), which remains in force.

The Measures also provide clarification on four particular issues:

  • In the case of any enterprise deemed to be discredited/dishonest under the terms of the Interim Measures of the GAC of the People’s Republic of China on Enterprise Credit Management (GAC Decree No. 225), the GAC will reclassify said enterprise as having attained general credit status after a subsequent 12-month period, presuming there has been no recurrence of any activity prohibited under Article 12 of the Measures.
  • Any enterprise that has incurred a customs administrative penalty as a result of non-compliance with the regulations related to the import of prohibited solid wastes will be barred from applying for certified customs management status for a 12-month period. In all instances where said enterprise is already in possession of certified enterprise status, its credit rating will be duly downgraded by the GAC.
  • The credit rating of any satellite office of a duly-approved customs declaration enterprise will be deemed to be the same as that of the business it is ultimately subsidiary to. In line with this, the lead customs declaration enterprise will be accorded overall credit management responsibility for all of its satellite operations.
  • In the case of unregistered non-corporate and corporate customs declaration entities, these will be reclassified as discredited/dishonest businesses once their aggregate financial penalties, accruing on account of non-compliance with GAC provisions, exceed RMB 1 million. The same censure will apply to customs declaration entities in their first year of registration and with no prior 12-month record of compliance with customs procedures. In this latter instance, however, reclassification will be triggered at a lower threshold of RMB300,000.

For further details (in Chinese), please visit the following link:

Announcement on Matters Concerning the Measures of the GAC on Enterprise Credit Management and the Implementation of Relevant Supporting Systems (GAC Announcement No. 32 [2018])

Content provided by Picture: HKTDC Research
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