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Pilot Free Trade Zone Series — 14 new supervisory rules issued by Shanghai Customs to facilitate foreign trade ...
Pilot Free Trade Zone Series — 14 new supervisory...
China Tax Alert - Issue 12, May 2014
Pilot Free Trade Zone Series — 14 new supervisory rules issued by Shanghai Customs to facilitate foreign trade in China (Shanghai) Pilot Free Trade Zone
Recently, Shanghai Customs announced that 14 new rules on supervision in China (Shanghai) Pilot Free Trade Zone would be issued in first half of this year. Seven of the rules have been issued in Shanghai Customs announcements and the rest will successively enter into force by the end of June. The 14 rules are based on previous pilot implementation as well as take account of internationally accepted standards and focus on the requirement for simplified, convenient, safe and efficient procedures. The new rules will greatly improve the efficiency of customs clearance and have a positive impact on import and export business.