China

Details

  • Service: Tax, Trade & Customs
  • Type: Business and industry issue
  • Date: 4/24/2012

Asia-Pacific Trade & Customs News - 201203: Australia: Trans-Tasman trade agreement changes may impact importers and exporters 

As of 1 January 2012, goods imported or exported using the Trans-Tasman trade agreement are required to qualify for duty free treatment using only the change in tariff classification (CTC) rule. Goods previously imported or exported using the regional value content calculation (RVC) rule may no longer qualify for duty free treatment.

 

On 3 December 2011, the dual rules of origin for the Australia New Zealand Closer Economic Relations Trade Agreement (the trade agreement), which is known commercially as ANZCERTA, ceased to exist. The dual rules of origin have been in place since 2007, and allowed importers and exporters to elect to use either an RVC or a CTC rule to support duty free claims under the trade agreement.

Featured in this edition are:

 

Australia: Trans-Tasman trade agreement changes may impact importers and exporters
India: Announcement of Union Budget 2012
New Zealand
- Updates on New Zealand's FTAs
- Administrative developments
Vietnam
- Vietnam Environment Protection Tax
- New Import-Export Tariffs

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Asia-Pacific Trade & Customs News - 201201/01: Malaysia: Customs audits on the rise
Asia-Pacific Trade & Customs News - 201201/01: Malaysia: Customs audits on the rise