• Service: Tax, Global Indirect Tax, Global Compliance Management Services, International Tax
  • Type: Regulatory update
  • Date: 4/3/2014

China - Customs valuation rules are updated 

April 3: Guidance released by China’s General Administration of Customs aims for greater transparency, standardization, and predictability of customs valuations.

The guidance (effective in February 2014) relating to the dutiable value of domestic sales concerns:

  • Domestic sales of bonded goods by import-processing businesses outside special customs supervision areas
  • Domestic sales of bonded raw materials and finished goods under processing trade arrangements in special customs supervision areas
  • Domestic sales of bonded logistics goods in special customs supervision areas
  • Domestic sales of scrap and by-products of processing trade enterprises
  • New provisions relevant to procedures

Other guidance items concern:

  • New measures as to how customs is to assess a “special relationship” between buyers and sellers
  • Transportation and relevant fees
  • Dutiable price of exports
  • Additional contents in the glossary

Read a March 2014 report [PDF 425 KB] prepared by the KPMG member firm in China: Updates on China Customs Valuation Regulations

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