China Further Lowers Customs Clearance Costs to Support Work Resumption
12 March 2020
The General Administration of Customs issued new measures to further reduce customs clearance costs of imports and exports on 10 March to actively promote the resumption of work and production and the steady growth of foreign trade. These measures, combined with those introduced earlier, were taken to facilitate epidemic prevention and control work, and promote economic and social development .
Under the new measures, imported goods that arrived at the port before the coronavirus outbreak but were not declared in time due to the epidemic, as well as imported goods that were not declared in time due to operational difficulties or shortage of funds after the resumption of work may apply to the customs authority of the place of declaration for reduction or exemption of fees for delayed declaration in accordance with the Provisions of Customs on Collecting Fees for Delayed Declaration of Imported Goods. Enterprises that have difficulty paying import taxes on time due to the epidemic can submit a written application to the customs authority of the place of declaration for an extension of tax payment deadline together with a proposed tax repayment schedule (of up to three months).
Source: General Administration of Customs
- Mainland China