China

Details

  • Service: Tax, Trade & Customs
  • Type: Business and industry issue
  • Date: 2/1/2011

Asia-Pacific Trade & Customs News 201102/03: Changing obligations for importers and exporters in Australia 

Australian importers and exporters will soon be required to meet new obligations in relation to the import of computers and television sets, and export controls on defense and strategic goods. The Australian Government, through the Australian Customs and Border Protection Service (Australian Customs), the Department of Sustainability, Environment, Water, Population and Communities ('DSEWPaC') and the Department of Defence ('DOD'), are currently consulting with industry to discuss the enhanced requirements.

Featured in this edition are:

 

  • Australia
    • Changing obligations for importers and exporters in Australia
         * Product stewardship requirements to televisions and computers
         * Changes to Australia's defence export control systems

     

      • China
        • Customs to focus checks on Enterprise Resource Planning (ERP) systems

       

      • India
        • New base for computation of customs duty on import of packaged software
        • Benefits from Served from India Scheme (SFIS)
        • Enhanced concessions in trade with Singapore and Korea
        • Central Board of Excise and Customs (CBEC) schemes to revolutionize international trade

       

      • Malaysia
        • Third country invoicing under the ASEAN-China Free Trade Agreement (ACFTA) – the Malaysia experience
        • Service tax rate increased to 6%

       

      • New Zealand
        • De minims rule
        • Administrative penalties
        • Trans-Tasman time release study

       

      • Taiwan
        • ECFA Provisional Rules of Origin for Early Harvest

       

      • Thailand
        • New European Union GSP Rules of Origin: More Relaxed and Simplified?
        • Administrative penalties
        • Trans-Tasman time release study

       

      • Vietnam
        • New regulations issued on Customs procedures, valuation and ASEAN-China Rules of Origin