Blog

Announcement by the Customs on the Implementation of Adjusting the Most-Favored-Nation Tax Rate for Certain Imported Information Technology Products

The "Amendment to the Tariff Reduction Schedule for the People's Republic of China to Join the World Trade Organization" (hereinafter referred to as the "Amendment") has been reviewed and approved by the State Council, and was approved by the 22nd meeting of the Standing Committee of the 12th National People's Congress on September 3, 2016.

  The "Amendment to the Tariff Reduction Schedule for the People's Republic of China to Join the World Trade Organization" (hereinafter referred to as the "Amendment") has been reviewed and approved by the State Council, and was approved by the 22nd meeting of the Standing Committee of the 12th National People's Congress on September 3, 2016. According to the relevant provisions of the "Amendment", starting from September 15, 2016, the first tax reduction on the most-favored-nation tariff rate for the information technology products listed in the schedule attached to the "Amendment" will be implemented (for specific details, see the Ministry of Finance website).

  To accurately implement the "Amendment", customs has adjusted the customs commodity codes for some non-full tax information technology products (see Attachment 1) and the "Standard Declaration Directory" (see Attachment 2). When the consignee of imported goods imports the information technology products listed in the schedule attached to the "Amendment", they should declare truthfully and accurately according to the adjusted customs commodity codes and the requirements of the "Standard Declaration Directory".

  To further simplify the customs clearance process, the consignee of imported goods is no longer required to submit the "Declaration Form for the Purpose of Goods Subject to ITA Tariff Rates", and customs will no longer issue the "Certificate of Purpose for Goods Subject to ITA Tariff Rates".

Recommend Blog

Company News

Industry Trends