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China State Council publishes new policy framework on Special Customs Supervision Zones
China State Council publishes new policy framewor...
China Tax Alert - Issue 4, February 2013
On 27 October 2012, the State Council issued a new policy directive that will shape the future of Special Customs Supervision Zones (SCSZ) in China. Known as Guo Fa [2012] No. 58, this new roadmap strives to rationalise and integrate various SCSZ and align them with China’s evolving economic objectives while simultaneously leveraging the efficiencies and advantages offered by modern information and inventory management technology.