From 30 March 2016, importers and exporters are required to provide additional information when making customs declarations in China which could result in further scrutiny from Customs on the valuation of imported goods.
Pursuant to the Amendments to the Standards of PRC Customs for the Completion of Import and Export Customs Declaration Forms issued by the General Administration of Customs (” GAC “) and effective from 30 March 2016 (” Announcement No. 20 “), GAC amended the types of information that importers and exporters are required to provide when making customs declarations.
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If you have any questions on the topics covered or need further clarification on any particular issue, please do not hesitate to get in touch with your usual contact at Baker & McKenzie, or any of the lawyers listed below.
Eugene Lim (Singapore)
Anne Peng (Hong Kong)
Si Ying Kong (Hong Kong)
Frank Pan (Shanghai)
Di Wu (Beijing)