Preferential Treatment of Wine Exported from Hong Kong to the Mainland On 9 February 2010 the governments of Hong Kong and Mainland China signed a cooperation agreement to improve customs facilitation for wine entering the Mainland market through Hong Kong. The gist of the facilitation measures is as follows: (a) Pre-valuation of wine: Importers who have registered with the Mainland Customs may request the latter to carry out pre-valuation of wine duty 10 working days before a wine shipment is exported from Hong Kong to the Mainland. When the shipment arrives at a Mainland boundary point, the valuation unit of the Mainland Customs will normally complete the procedure within one working day; and (b) Compressing the clearance time at Mainland ports: For registered importers who have not chosen to carry out pre-valuation of wine duty, the Mainland Customs would strive to shorten the clearance time at Mainland boundary points. For wines which have been imported into the Mainland before, the clearance procedures will normally take no more than three working days. For wines which are new to the Mainland market, the valuation procedures will usually be completed within seven working days. If the customs clearance cannot be completed in time, the goods can still be released with a guarantee deposit. The Trade and Industry Department will handle registration for Hong Kong traders while the Mainland Customs will deal with the registration of Mainland traders. Participation in the registration scheme is voluntary. These facilitation measures were implemented as a pilot in Shenzhen in June 2010. Subject to development, it may be extended to other major Mainland ports such as Guangzhou, Shanghai and Beijing.
Posted on: Wed, 07 Aug 2013 06:24:31 +0000
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