• Service: Tax, Global Transfer Pricing Services
  • Industry: Asia Business, China, India, South East Asia
  • Type: Regulatory update
  • Date: 7/04/2011

Asia-Pacific Trade and Customs News

Asia-Pacific Trade and Customs News
KPMG’s Asia Pacific Trade and Customs News provides a snapshot of recent issues and developments relevant for importers and exporters.

Asia-Pacific Trade and Customs News: February–March 2011 

The February–March 2011 edition of Asia-Pacific Trade and Customs News discusses a number of issues relevant for importers and exporters in the Asia-Pacific Region.
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In this issue

  • Australia: Changing obligations for importers and exporters.
  • China: Customs to focus on companies' internal control systems, extends its checks to Enterprise Resource Planning (ERP) systems.
  • India: provides new base for computation of customs duty on import of packaged software.
  • India: IT industry and some others not to get benefit under Served from India Scheme (SFIS) under Foreign Trade Policy.
  • India: Enhanced concessions in trade with Singapore and Korea.
  • India: Central Board of Excise and Customs (CBEC) announces scheme to revolutionise international trade.
  • Malaysia: Third country invoicing in the ASEAN-China Free Trade Agreement (ACFTA) – the Malaysia experience.
  • Malaysia: Increase in service tax rate to 6 percent.
  • New Zealand: De Minimis rule; Administrative penalties; Trans-Tasman time release study.
  • Taiwan: Economic Coorperation Framework Agreement provisional Rules of Origin applicable to products under the Early Harvest for trade in goods between Mainland China and Taiwan.
  • Thailand: New European Union Generalised System of Preferences rules of origin: More relaxed and simplified?
  • Vietnam: New regulations issued.


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