China recently amended its customs declaration requirements to
capture new information that may make it easier for the General Administration
of Customs to target potential customs valuation issues. Specifically,
importers are now required to identify whether the buyer and the seller are
related; whether that relationship influenced the price charged; and whether
the importer is making any royalty payments. A client alert my colleagues
in China prepared on these changes may be found here.
Given the increased scrutiny China Customs has paid to related
party transactions and the payment of royalties in recent years, we expect that
the new declaration requirements will only intensify this trend. If you
are importing into China, you need to be aware of these issues and be sure they
are adequately addressed (e.g., have you confirmed whether royalties are being
paid and, if so, whether they are dutiable for customs purposes?).
Ted Murphy
Partner
Baker & McKenzie LLP
815 Connecticut Avenue, N.W.
Washington, D.C. 20006
Tel: +1 202 452 7069
ted.murphy@bakermckenzie.com
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