China

Details

  • Service: Tax, Trade & Customs
  • Industry: Financial Services
  • Type: Business and industry issue, Publication series, Regulatory update
  • Date: 3/17/2011

Chinese airlines to provide customs guarantees when aircraft are used as loan collaterals after importation 

China alert: Financial Service Focus - Issue 3, March 2011

 

The General Administration of Customs (GAC) issued a circular, Shu Shui Fa [2011] No. 88 ("Circular 88"), on 2 March 2011 to deal with the issues of customs guarantees for aircraft used as loan collaterals after importation. Circular 88 will take effect from 1 April 2011.

China alert: Financial Service Focus
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