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up to date! Summary of new customs economic and trade regulations in May 2021

2021-05-07

The May Day holiday is over in a blink of an eye From May 2021

What are the new customs-related policies

Or the new economic and trade regulations will be implemented

Come and find out

Before looking at the new regulations, let’s take a look

Customs exchange rate for May 2021

So that everyone can do trade cost accounting


01

From May 1st, some steel products will adjust tariffs and cancel export tax rebates

Cancel export tax rebates for some steel products


In order to better guarantee the supply of steel resources and promote the high-quality development of the steel industry, with the approval of the State Council, the Tariff Commission of the State Council recently issued an announcement that starting from May 1, 2021, tariffs and export tax rebates for certain steel products will be adjusted:


1. The provisional zero import tax rate for pig iron, crude steel, recycled iron and steel raw materials, ferrochrome and other products shall be implemented;


2. Appropriately increase the export tariffs of ferrosilicon, ferrochromium, high-purity pig iron and other products, and implement the export tax rate of 25%, the temporary export tax rate of 20%, and the temporary export tax rate of 15% after the adjustment;


3. Cancel the export tax rebate of some steel products, which is defined by the export date indicated on the export goods declaration form.


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02

From May 10, adjust the requirements for filling and reporting the certificate of origin

Announcement No. 34 (2021) of the General Administration of Customs


On April 26, 2021, the General Administration of Customs issued Announcement No. 34 of 2021. Starting from May 10, 2021, it will adjust the filling and declaration requirements for the origin of import and export goods declaration forms under the preferential trade agreement. At the same time, starting from May 10, the Single Window has also made relevant adjustments to the declaration of import and export goods under the preferential trade agreement.


The General Administration of Customs Announcement No. 34 of 2021 is based on the General Administration of Customs’ Announcement No. 51 of 2016 and Announcement No. 67 of 2017. It retains the two declaration methods for import declarations under preferential trade agreements, and at the same time, the The entry of the origin column of the export declaration form has been optimized, which is both inherited and optimized.

(Comparison before and after single window adjustment)


03

The second batch of the second exclusion list for tariffs imposed on the United States and Canada expires on May 18

A total of 79 items are involved


According to the "Announcement of the Tariff Commission of the State Council on the Second Exclusion List for the Second Batch of Tariffs on the United States and Canada" (Tax Commission Announcement [2020] No. 4), the second batch of tariffs on the United States and Canada is subject to the From May 19, 2020 to May 18, 2021 (one year), no additional tariffs imposed by us to counter the US 301 measures will be imposed.


The second batch of tariffs imposed on the United States and Canada’s second exclusion list covers a wide range, involving 79 commodities, mainly covering the fifth category of mineral products, some of the sixth category of chemical products, the eleventh category of textiles, and the tenth category. Three types of ceramic glass products, the fifteenth type of base metal products and the sixteenth type of electrical machinery and electrical equipment, etc.


Among them, there are 7 mineral products such as kaolin, rare earth ore, silver ore, gold ore, etc. involved in the fifth category. Chapter 28 Inorganic Chemicals, Chapter 29 Organic Chemicals and Chapter 38 Miscellaneous Chemicals and Other Chemicals 27 items in category 11 non-woven fabrics and industrial textile products, 4 items in category 13 diamond, graphite products, ceramic products and glass, 9 items in category 15 base metal products, and category 8 Chapter 15: 26 items such as motors, generators, communication modules, radar equipment, signal generators, etc.


Before May 18, 2021, the Taxation Commission may also issue an announcement on the extension of the exclusion period for this batch of exclusion lists. we will pay close attention to it and release the latest news in time.

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(Comparison table of the second exclusion list for the second batch of goods subject to tariffs imposed on the United States and Canada)

China-US tariff increase inquiry system: https://www.guanwuxiaoer.com/taxes.php


04

From May 1st, China will grant zero-tariff treatment to 97% of the tax items of the Republic of Benin


Taxation Commission Announcement [2021] No. 3


According to the Tax Commission Announcement [2021] No. 3, in accordance with my country’s commitment to grant zero-tariff treatment to 97% of the taxable products of the least developed countries that have established diplomatic relations with China, from May 1, 2021, the 97 % Tax items are subject to zero tariffs, involving a total of 8281 tax items.


05

Two administrative examination and approval items including "customs declaration enterprise registration" are cancelled


Registration and filing


On April 29, 2021, the 28th meeting of the Standing Committee of the 13th National People’s Congress passed a decision to amend the "Customs Law" and "Commodity Inspection Law" and cancel the "23001 Customs Declaration Enterprise Registration" and "26021 Inspection License for Import and Export Commodity Inspection and Appraisal Business" two customs administrative examination and approval items.


06

Guiding Opinions of the Ministry of Commerce on the Establishment of an Internal Compliance Mechanism for Export Control by Export Operators of Dual-use Items


Ministry of Commerce Announcement No. 10 of 2021


On April 28, 2021, on the basis of the "Guiding Opinions on the Establishment of Internal Export Control Mechanisms for Export Operators of Dual-use Items and Technologies" issued in 2007, the Ministry of Commerce revised and issued the "Regarding Export Operators of Dual-use Items". The Guiding Opinions on Establishing an Internal Compliance Mechanism for Export Controls provides principled guidelines for export operators to establish an internal compliance system in nine aspects, including drafting policy descriptions, establishing organizational structures, comprehensively assessing risks, and establishing review procedures.


The “Guiding Opinions” issued this time further improved the basic elements of the internal compliance system for export operators, and added the “Internal Compliance Guidelines for the Export Control of Dual-use Items” to provide export operators with more information from a practical perspective. Detailed reference and guidance, while taking into account flexibility, enterprises can adjust according to their own circumstances.


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