Under China's integrated customs model, companies will be able to submit declarations to any customs district.
China pilot program grants preferential trade facilitation measures to companies with demonstrated compliance records.
Under new model, China customs will release the goods after a safety and security risk analysis.
Even with its dominance as the world’s biggest sourcing base and second largest consumer market,?it has never been easy to conduct trade in China. But in June 2016, the China?General Administration of Customs (GAC)?started a pilot program in Shanghai which introduced nationwide customs clearance reform with the goal of national implementation by 2020.
The reform is an important move forward from the previous Regional Customs Clearance Integration Reform. It provides the foundation to unify China customs for consistent nationwide enforcement in declaration issues such as classification and valuation, which would address a traditional compliance challenge resulting from the current customs district driven approach. Once the new model is fully implemented by 2020, companies will be able to submit declarations to any customs district regardless of port of entry for imports or departure for exports.
The pilot program established two Shanghai-based centers, a National Customs Risk Prevention Center and Unified Tax Collection Center, to carry out a new supervision model that will standardize and streamline previously difficult regulations and grant preferential trade facilitation measures to companies with demonstrated compliance records. Customs will release the goods at the port after a safety and security risk analysis of the goods, and conduct tax collection and follow-up supervision after clearance.
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