IMPLEMENTATION LEVEL

National

AFFECTED FLOW

Inflow

ANNOUNCED AS TEMPORARY

No

NON-TRADE-RELATED RATIONALE

No

ELIGIBLE FIRMS

all

JUMBO

No

TARIFF PEAK

No
← back to the state act
Inception date: 01 Feb 2014 | Removal date: open ended
Still in force

Import-related non-tariff measure, nes

 On 25 December 2013, the Chinese General Administration of Customs published Decree No.213 changing the customs valuation method.
According to the law firm Squire Patton Boggs, "Decree No. 213 adds in its Article 18 that 'if the circumstances of the sale are examined to be consistent with general business practices, Customs may determine that the special relationship does not influence the transaction value of the imported goods'.That language indicates that GAC has adopted the 'circumstances of sale' test, a widely recognized customs valuation principle under which the "transaction value" among related parties may be accepted as the dutiable value if relevant documentation is in place affirming that the pricing is consistent with general commercial practices.
"The two new decrees 'one of them being Decree No.213' are likely to impact companies involved in the distribution of imported and exported goods for related parties, as well as to those entities with domestic sales of bonded materials".
The decree came into force on 1 February 2014.

AFFECTED COUNTRIES

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