Public notice regarding the promotion of the integrative customs clearance reform on a nationwide basis & China’s New Export Control Law

Elif Bögrek

Chinese Customs Authority released a public notice regarding the promotion of the nationwide integrated customs clearance reforms. The main changes of these reforms involve the establishment of the National Customs Risk Prevention and Control Center (RPCC), and the Tax Collection and Administration Center (TCAC) and application of three new approaches. A single customs declaration may be submitted, but the new approach now involves a multi-step processing mechanism that manages and evaluates the customs declaration by the two centers mentioned above. Importers or exporters are responsible for registration in China Customs by submitting their customs declarations (and, in doing so, calculating their duty and import VAT liability), printing out their duty or import VAT invoices, and making payment on their own while Customs reserves the right to review documents during the entire procedure.

 

Moreover, Chinese Government recently released a draft of China’s Export Control Law to seek public comment. The proposed law is China’s first comprehensive law specifically designed to unify China’s export controls by consolidating the rules and regulations. Given the implications of the proposed law, export companies should keep abreast of the changes to, and implementation of, the new export control law and its potential impact on their export obligations, as additional compliance requirements are likely to arise. Export entities need to be aware of their obligations and the implications to their export operations under the new rules.

 

 

 

 

 

 

 

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