China

Details

  • Service: Tax, China Tax Services
  • Type: Publication series, Regulatory update
  • Date: 5/14/2014

Pilot Free Trade Zone Series — 14 new supervisory rules issued by Shanghai Customs to facilitate foreign trade in China (Shanghai) Pilot Free Trade Zone 

China Tax Alert - Issue 12, May 2014

 

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. 

China Tax Alert
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