Ministry of Commerce and General Administration of Customs, Announcement [2016] No.45

商务部、海关总署公告2016年第45号

November 14, 2016 | BY

Susan Mok &clp articles &

Examination and approval abolished for processing trade.

Clp Reference: 5920/16.08.25 Promulgated: 2016-08-25 Effective: 2016-09-01

Issued: August 25 2016

Effective: September 1 2016

Main contents: The examination and approval by competent commerce authorities of processing trade contracts and of the sale into China proper of bonded imported materials and components for and of finished products of processing trade is abolished (Article 1). If there is a need to sell into China proper bonded imported materials or components for or finished products of processing trade anywhere other than from a zone under special customs surveillance, customs shall levy taxes and duties in accordance with the law and charge interest for late payment of such taxes and duties (Article 3).

Related legislation: Several Opinions on Promoting a Steady Increase in Foreign Trade and Circular on Expansion of the Pilot Project for the Policy of Offering a Choice in the Levy of Customs Duties on Sales into China Proper

clp reference:5920/16.08.25 issued:2016-08-25 effective:2016-09-01

Issued: August 25 2016

Effective: September 1 2016

Main contents: The examination and approval by competent commerce authorities of processing trade contracts and of the sale into China proper of bonded imported materials and components for and of finished products of processing trade is abolished (Article 1). If there is a need to sell into China proper bonded imported materials or components for or finished products of processing trade anywhere other than from a zone under special customs surveillance, customs shall levy taxes and duties in accordance with the law and charge interest for late payment of such taxes and duties (Article 3).

Related legislation: Several Opinions on Promoting a Steady Increase in Foreign Trade and Circular on Expansion of the Pilot Project for the Policy of Offering a Choice in the Levy of Customs Duties on Sales into China Proper

clp reference:5920/16.08.25 issued:2016-08-25 effective:2016-09-01

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