General

New foreign trade regulations implemented in October

• Shipping company's new round of freight increase takes effect

• Egypt's new ACID import regulations take effect

• Iran extends home appliance import ban until March 2022

• Indonesia extends 100% reduction and exemption of motor vehicle sales tax until the end of 2021

• Indonesia and China's local currency settlement mechanism officially launched

• India extends the validity period of anti-dumping measures against China's glass fiber

• Adjustment of shipping export release information at Shanghai Port

• The GSP certificate of origin for the Eurasian Economic Union ceases to be issued

• China-Chile Customs AEO Mutual Recognition

• Online declaration of export licenses for automobiles and motorcycles

1 Shipping company's new round of freight increase takes effect

2 Egypt's new ACID import regulations take effect

The important new Egyptian import regulations "Advanced Cargo Information (ACI) declaration" will take effect on October 1st. To put it simply, "Advanced Cargo Information (ACI) declaration" requires all imported goods in Egypt, the consignee must go ahead. Forecast cargo information in the local system to obtain the ACID number and provide it to the shipper.

The ACID number is a 19-digit number and should appear on all documents related to the shipment (including invoices, bills of lading, manifests, etc.). If the ACID number cannot be provided, the goods will be forcibly returned to the port of shipment and a fine will be imposed.

3Iran extends the ban on home appliance imports until March 2022

Officials from the Iranian Ministry of Industry, Mines and Trade stated that the ban on the import of household appliances, which was first implemented three years ago, will be extended until at least March 2022. Iran hopes to promote the development of domestic industries by reducing imports, and at the same time create employment opportunities for young people, so they will reduce imports of finished products and increase imports of accessories. The Iranian side has also noticed that smuggling is harming local companies. The smuggled home appliances in the Iranian market are currently about US$2.5 billion, accounting for 40%.

4Indonesia extends the 100% reduction and exemption of motor vehicle sales tax until the end of 2021

The Indonesian government officially extended the 100% luxury sales tax (PPnBM) reduction policy (ie 0% new car tax) for motor vehicles until the end of 2021. The policy was originally expected to end at the end of August.

The extension of this tax incentive applies to passenger cars with an engine capacity of 1500cc; while 4x2 passenger cars with an engine capacity above 1500cc to 2500cc will only receive a 50% tax incentive; 4x4 passenger cars with an engine capacity above 1500cc to 2500cc will be granted 25% discount.

The Director of the Fiscal Policy Bureau of the Ministry of Finance Febrio said on September 17 that the extension of the tax relief policy is to stimulate middle-class consumption and to take advantage of the improvement of the epidemic to promote economic recovery. Data show that the policy has a positive impact on Indonesian automobile production and demand. From January to July in 2021, domestic automobile sales in Indonesia increased by 38.5% year-on-year, output increased by 49.4% year-on-year, and exports increased by 169.7%.

5Indonesia and China's local currency settlement mechanism officially launched

The Bank of Indonesia (hereinafter referred to as the "Bond Bank of Indonesia") announced on September 6 that according to the memorandum of understanding signed between the bank and the People’s Bank of China on September 30, 2020, the two parties will officially start the local currency settlement between Indonesia and China from September 6, 2021. Mechanism (hereinafter referred to as "LCS"). This move is an important milestone in the deepening of monetary and financial cooperation between the central banks of the two countries. It will help to form a direct quotation between the Indonesian rupiah and the renminbi, expand the use of local currency in the economic and trade exchanges between the two countries, and promote trade and investment facilitation.

According to reports, from September 6, 2021, commercial banks such as Industrial and Commercial Bank of China and Bank of Central Asia of Indonesia, as franchised cross-currency market makers (ACCD), can handle RMB/Indonesia under the framework of Sino-Indonesia local currency settlement cooperation in accordance with relevant regulations. Rupee-related transactions.

Bank of China Hong Kong Jakarta Branch and Bank of China have been selected as franchised cross-currency market makers, which can carry out settlement of current account and cross-border investments in RMB and Indonesian rupiah, and conduct direct quotation transactions between RMB and Indonesian rupiah.

6India extends the validity period of anti-dumping measures against China's glass fiber

On August 31, 2021, the Taxation Bureau of the Ministry of Finance of India issued a notification No. 49/2021-Customs (ADD), which stated that in view of the fact that the Central Government of India did not inform the Ministry of Commerce and Industry of India on August 24, 2021 on China’s glass fiber (Glass Fibre and articles). It is necessary to extend the validity period of anti-dumping measures for products originating in or imported from China to October 31, 2021 (inclusive). This case involves products under the Indian customs code 7019.

7Adjustment of information on seaborne export release at Shanghai Port

Recently, there will be a relatively large adjustment in the sending link of Shanghai seaborne cargo export release information. According to the requirements of relevant laws and regulations and actual supervision requirements, Shanghai Customs adjusted the time node of the "Export Electronic Release Information" sent to the port area to the point where the goods received the "Agree to Load" instruction, that is, the loading manifest was successfully warehousing. If the goods have not received the "Agree to Load" instruction, no export release information will be sent.

At the time of export declaration, it is necessary to pay attention to the two links of general air waybill release and loading manifest sending. First, for LCL goods, all corresponding customs declarations must be released before the release of the master air waybill can be triggered. If there is an unchecked redundant manifest in the LCL or part of the LCL has not been released, it will affect the release of the master air waybill. Second, after the master air waybill is released, the loading manifest sent needs to be consistent with the pre-allocated manifest information, especially information such as box number, gross weight, and number of pieces.

Shipping forwarders, freight forwarders, LCL companies, customs brokers, etc., are requested to further strengthen contact and cooperation, operate in strict accordance with procedures, adjust corporate system functions and optimize operating procedures as soon as possible to ensure a smooth transition of this switchover.

For more specific related notes, please see here:

8 The GSP certificate of origin for the Eurasian Economic Union ceases to be issued

On September 23, 2021, the General Administration of Customs issued Announcement No. 73 of 2021: Starting from October 12, 2021, the customs will no longer issue GSP certificates of origin for goods exported to Eurasian Economic Union member states. If the shipper of goods exported to a member country of the Eurasian Economic Union needs a certificate of origin, it can apply for the issuance of a non-preferential certificate of origin.

9China-Chile Customs AEO Mutual Recognition

In March 2021, the customs of China and Chile formally signed the "Arrangement on the Mutual Recognition of the Chinese Customs Enterprise Credit Management System and the Chilean Customs "Certified Operator" System between the General Administration of Customs of the People’s Republic of China and the Customs Administration of the Republic of Chile" Referred to as the "Mutual Recognition Arrangement"), it was decided to be officially implemented on October 8, 2021.

During the customs clearance of imported and exported goods, the customs of China and Chile will provide each other's AEO companies with the following customs clearance facilitation measures: in accordance with relevant customs regulations, speed up customs clearance by reducing document review and applying a lower inspection rate to imported and exported goods; The inspected goods are given priority for inspection; the designated customs liaison officer is responsible for communicating and solving the problems encountered by AEO enterprises in customs clearance; and the priority is given to rapid customs clearance after the recovery of international trade interruption.

10Online declaration of export licenses for automobiles and motorcycles

On September 10, 2021, the General Office of the Ministry of Commerce issued a notice on doing a good job in the declaration of export licenses for automobiles and motorcycles in 2022: starting from this year, the relevant work for the declaration of export licenses for automobiles and motorcycles will be carried out online. Enterprises can log in to the automobile and motorcycle export license declaration system to fill in the application form on the enterprise side, upload the relevant certification materials, and submit it to the local commerce authority for review. Enterprises can check the review progress, publicity results and announcement list online.