25 Jan 2018
Import/Export Customs Pre-agreement Measures Announced
Pre-agreements on a number of customs-related formalities may now be requested, according to a recently-issued circular from the General Administration of Customs (GAC). The new policy document – Interim Measures of the GAC of the People’s Republic of China for the Administration of Advance Rulings – specifies four instances where advance rulings would be considered prior to the actual import/export date of the goods in question:
- The commodity classification of the goods for import/export
- The place of origin or certificate of origin of the goods for import/export
- The factors taken into consideration and evaluation method for assessing the dutiable value of the imported items
- Other customs procedures at the discretion of the GAC
Any applicant seeking such an advance ruling must be an accredited foreign trade operator registered with the customs authority and actively engaged in the business of importing/exporting. Except under extenuating circumstances, all applications for advance rulings must be received by the local customs office three months prior to the intended import/export date. Once approved, the advance ruling agreement is valid for a three-year period. The agreement, however, cannot be applied retroactively and has no validity with regards to goods imported/exported before the ruling’s implementation date.
The new measures will come into effect as of 1 February 2018.
For further details (in Chinese), please visit the following link: