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Shanghai’s Largest Duty-free Shop Opens in Mid-July

CNSC Shanghai’s Duty-free Shop opened in the city’s Jing’an District in mid-July, becoming the largest and the only duty-free shop downtown.

Occupying two floors of the Yueda 889 Plaza in Caojiadu commercial district, the CNSC Duty-free Shop is a brand new store with 3,300 square metres, bringing together more than 100 international brands. CNSC’s previous Jiangning shop will soon be closed after the opening. Customers over 16 years of age on presentation of their passports can purchase duty-free goods for an amount not more than the stipulated level by customs in one go. Nowadays, mainland consumers shopping overseas is commonplace, and many of them no longer buy luxury goods but daily necessities. Duty-free shops see the business opportunities in the new consumption pattern. CNSC plans to apply to the State Administration of Customs for selling a wider variety of daily goods.

Due to the exemption of duty-free goods from three types of taxes, that is customs duty, value-added tax and consumption tax, tax-free price is very competitive in the market. Most dedicated counters of CNSC Duty-free Shop in Yueda 889 Plaza Galleria are of brand licensing, the prices can be 20-30% lower than those of department stores, and on an even keel with duty-free shops in other ports and airports.

Content provided by Picture: HKTDC Research
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