China has promulgated a series of regulations to reduce import-export taxes and duties to promote a higher level of openness and domestic consumption. These changes could affect companies that import ...

In a move aimed at addressing discrepancies in export data, the government is introducing three new Customs Procedure Codes (CPCs) to enhance the accuracy of export reporting and eliminate multiple ...

A six-month imprisonment is no trivial matter. More so, if the offence is as innocuous as publishing data on export and import. Going by the Finance Bill 2022, it may appear that this is exactly what ...

The Finance Bill presented in Parliament on February 1 proposed to insert “Section 135AA” in the Customs Act to protect import and export data submitted to customs. The Finance Bill has proposed to ...

China's total steel exports in October fell 6.5% MoM and were also down 12.52% YoY. The main reasons are twofold. On one hand, the surge in shipments driven by earlier crackdowns on fraudulent export ...

BEIJING, May 26 (Reuters) - Chinese customs are holding up some shipments of lower-performance rare earth magnets used in appliances and consumer electronics because of confusion over how to apply ...