The General Administration of Customs adjusts the declaration requirements for import and export goods, and India imposes anti-dumping duties on a number of Chinese products | New foreign trade regulations in April
New foreign trade regulations in April
Overview
The General Administration of Customs has adjusted the declaration requirements for import and export goods;
Australia will eliminate import tariffs on nearly 500 items;
The United States made a preliminary anti-subsidy ruling on aluminum lithographic printing plates;
The EU requires registration of electric vehicles imported from China;
Argentina fully liberalized the import of some food and basic daily necessities;
Azerbaijan adjusts import tariffs on some products;
Uzbekistan imposes VAT on 76 types of imported medicines and medical supplies;
Uzbekistan will exempt import duties on several tractor models;
India announced a reduction in import tariffs on electric vehicles for certain automakers;
India imposes anti-dumping duties on a number of Chinese products;
Bangladesh Bank allows import and export transactions through counter-trade;
Türkiye made a preliminary ruling on safeguard measures against imported corrugated paper;
Mexico adopts provisional measures in its preliminary anti-dumping ruling on Chinese concrete nails;
South Korea has stepped up its crackdown on illegal activities such as abuse of market position by cross-border e-commerce platforms;
South Korea has cracked down on illegal labeling of the origin of imported aquatic products.
The General Administration of Customs has adjusted the declaration requirements for import and export goods
In order to further standardize the declaration behavior of consignees and consignors of imported and exported goods and streamline the relevant declaration columns, the General Administration of Customs has decided to adjust the relevant columns and some declaration items and their filling requirements of the "Customs Declaration Form for Import (Export) Goods of the People's Republic of China" and the "Registration List of Import (Export) Goods of the Customs of the People's Republic of China".
The Announcement shall come into effect on April 10, 2024.
For adjustment details, please see:
http://www.customs.gov.cn/customs/302249/302266/302267/5758885/index.html
Australia to remove import tariffs on nearly 500 goods
The Australian government announced on March 11 that it will cancel import tariffs on nearly 500 commodities from July 1 this year, affecting a range of daily necessities including washing machines, refrigerators, dishwashers, clothing, sanitary napkins, bamboo chopsticks, etc.
Australian Finance Minister Chalmers said that these tariffs will account for 14% of the total tariffs and are the largest unilateral tariff reform in the local area in 20 years.
The specific list of products will be announced in the Australian budget on May 14.
U.S. makes preliminary anti-subsidy ruling on aluminum lithographic printing plates
On March 1, 2024, the U.S. Department of Commerce issued an announcement to make an affirmative preliminary anti-subsidy ruling on aluminum lithographic printing plates imported from China, preliminarily ruling that Fujifilm Printing Plate (China) Co., Ltd. will be subject to a tariff of 38.50%, Shanghai National Ink Co. Ltd. will be subject to a tariff of 231.98% due to non-cooperation, and other producers/exporters will be subject to a tariff of 38.50%. The U.S. Department of Commerce is expected to make a final anti-subsidy ruling on July 9, 2024.
This case involves products under U.S. customs codes 3701.30.0000 and 3701.99.6060, as well as some products under 3701.99.3000 and 8442.50.1000.
EU requires registration of electric vehicles imported from China
According to a document released by the European Commission on March 5, EU customs will conduct a nine-month import registration of Chinese electric vehicles starting from March 6. The registration mainly involves new battery electric vehicles from China with 9 seats or less and driven only by one or more motors. Motorcycle products are not within the scope of the investigation. The notice stated that the EU has "sufficient" evidence that Chinese electric vehicles are receiving subsidies.
This means that if the EU trade investigation concludes that Chinese electric vehicles are unfairly subsidized, they could be subject to retroactive tariffs.
Argentina fully liberalizes imports of some food and basic daily necessities
The Argentine government recently announced that it would fully liberalize the import of some basic basket products. The Argentine central bank will shorten the payment period for imports of food, beverages, cleaning products, personal care and hygiene products from the previous 30 days, 60 days, 90 days and 120 days in four installments to a one-time payment of 30 days. In addition, it has decided to suspend the collection of additional value-added tax and income tax on the above products and medicines within 120 days.
These measures will encourage the import of a basic basket of products whose local prices are higher than international prices, thus contributing to competition and reducing inflation and the price level of the above products. The main beneficiary products include: bananas, potatoes, pork, coffee, canned goods, cocoa products, pesticides, shampoo, diapers, etc.
Azerbaijan adjusts import tariffs on some products
Azerbaijan's "Trend" website reported that the Prime Minister's Office recently revised the import and export product list and the import tariff rates of some products, stipulating that the import tariffs on cattle, chicken, chicken, butter, mixed butter, whey oil, fresh and frozen tomatoes, cucumbers and gherkins, fresh grapes, apples, pears, some orange and other citrus juices, fruit juices, vegetable juice drinks, some energy drinks, industrial tobacco, unprocessed cigarette cores, and milk paste can be exempted for another two years. At the same time, the import tariff rate of almonds, dates, green onions and onions, peeled and washed hazelnuts, gypsum, anhydrous gypsum and some ceramic products will be adjusted to 15%.
Uzbekistan imposes VAT on 76 imported medicines and medical supplies
According to the 2024 Amendment to the Tax and Budget Law, Uzbekistan will cancel the VAT exemption for medical and veterinary services, pharmaceutical products, and medical and veterinary supplies from April 1 this year, and impose VAT on 76 imported medicines and medical supplies.
Uzbekistan will exempt import tariffs on many types of tractors
According to Presidential Decree No. 115 of March 5, 2024, many types of tractors (HS codes 8432 29 100 0, 8701 10000 0, 8701 91 100 0 and 8701 94 100) will be exempted from tariffs until January 1, 2027. In addition, the presidential decree also provides a series of preferential policies for planting, animal husbandry and horticulture.
India announces reduction of import tariffs on electric vehicles for certain automakers
The Indian Ministry of Commerce and Industry issued a statement on March 15, announcing a reduction in import taxes on electric vehicles for companies that meet certain conditions.
To receive tax breaks from the Indian government, companies must meet conditions such as investing at least 41.5 billion Indian rupees (about $500 million) and producing electric vehicles in local factories within three years. The statement said that for car companies that meet the conditions, imported electric vehicles with a landed price of more than $35,000 will enjoy a 15% tax break within five years. The ministry said that car companies that commit to investing more than $800 million can import up to 40,000 electric vehicles, with an annual import limit of 8,000 vehicles.
The Indian Ministry of Commerce and Industry said the policy aims to attract globally renowned electric vehicle companies to invest in India's electric vehicle sector.
India imposes anti-dumping duties on multiple Chinese products
On March 14, 2024, the Department of Revenue of the Ministry of Finance of India issued the notification No. 03/2024-Customs (ADD), stating that it accepted the final anti-dumping ruling made by the Indian Ministry of Commerce and Industry on December 29, 2023 on printed circuit boards (PCBs) originating in or imported from China and the Hong Kong Special Administrative Region of China, and decided to impose anti-dumping duties for a period of 5 years based on CIF (cost, insurance and freight). The case involves products under the Indian customs code 85340000. The anti-dumping measures in this case do not apply to the following printed circuit boards: 1. Printed circuit boards with more than 6 layers; 2. Printed circuit boards for mobile phone applications; 3. Populated printed circuit boards of various sizes; 4. Embedded copper block printed circuit boards; 5. Inlay printed circuit boards; 6. POFV circuit boards or Via-in-Pad circuit boards; 7. HDI circuit boards; 8. Rigid-flex PCBs; 9. Package substrates/IC package substrates. The measures will take effect from the date of publication of this notification in the official gazette.
On March 14, 2024, the Taxation Bureau of the Ministry of Finance of India issued the notification No. 06/2024-Customs (ADD), saying that it accepted the final anti-dumping ruling made by the Indian Ministry of Commerce and Industry on December 28, 2023 on self-adhesive vinyl (SAV) originating in or imported from China, and decided to impose a three-year anti-dumping duty on the Chinese products involved, with a tax amount of 0 to 1,865 US dollars per ton. The products involved are all types of self-adhesive vinyl made of PVC film with a thickness of more than 100 microns, and are only imported in rolls. Involving products under Indian customs codes 39199090, 39191000, 39199010, 39199020, 39209919, 39206929, and 39219099. The following products are not subject to the anti-dumping measures in this case: self-adhesive films such as stickers, tapes, labels, pouches, PP, PET, TPU, inkjet media (less than 50 microns), flat backdrops, fabrics, reflective films, metallized films, luminous films, HDPE, floor marking tapes, acrylic, car self-adhesive films, as well as reflective films, sunscreen films and glass safety films, and self-adhesive products made of non-PVC films, such as PET, PU, BOPP, etc. The measures will take effect from the date of publication of this notification in the Official Gazette.
Bangladesh central bank allows import and export transactions through countertrade
The Bangladesh Central Bank issued a guide on the countertrade process on March 10. From now on, Bangladeshi traders can voluntarily enter into countertrade arrangements with foreign merchants to offset import payments with goods exported from Bangladesh without having to pay in foreign currency. This system will promote trade with new markets and reduce foreign exchange pressure.
Türkiye makes preliminary ruling on safeguard measures against imported corrugated paper
On March 20, 2024, the Turkish Ministry of Trade issued Announcement No. 2024/5, making a preliminary ruling on the safeguard measures on imported corrugated paper. The preliminary ruling is to impose a temporary safeguard tax of US$200/ton on the products involved, which will be valid for 200 days. The implementation of the measures shall be subject to the relevant resolution of the President. The Turkish tax numbers of the products involved are 480511000000, 480512000000, 480519100000, 480519900000, 480524000000 and 480525000000. The announcement will take effect from the date of publication.
Mexico takes provisional measures in preliminary anti-dumping ruling on Chinese concrete nails
On March 15, 2024, the Mexican Ministry of Economy published an announcement in the official daily newspaper, deciding to make an affirmative preliminary ruling on the anti-dumping investigation on concrete steel nails (Spanish: clavos de acero para concreto) originating from China, and impose a 31% provisional anti-dumping duty on the products involved. The TIGIE tax number of the products involved is 7317.00.99. The announcement will take effect from the day after it is published.
South Korea steps up crackdown on illegal activities such as abuse of market position by cross-border e-commerce platforms
South Korea's antitrust enforcement agency, the Fair Trade Commission, released the "Consumer Protection Measures for Cross-border E-commerce Platforms" on the 13th, deciding to work with various departments to deal with behaviors that infringe on consumer rights, such as the sale of counterfeit goods, while also solving the problem of "reverse discrimination" against domestic platforms.
Specifically, the government will strengthen supervision to ensure that cross-border and domestic platforms are treated equally in terms of the application of the law. While continuing to monitor violations of the Fair Trade Act, such as restrictive competition and abuse of market position by domestic companies, the government will also promote the amendment of the E-Commerce Law to require overseas companies above a certain size to designate agents in China, thereby effectively fulfilling their consumer protection obligations.
South Korea cracks down on illegal origin labeling of imported aquatic products
The South Korean Ministry of Oceans and Fisheries will work with the Coast Guard to conduct a joint inspection of the origin labels of imported aquatic products from March 11 to April 12, and crack down on illegal labeling of the origin of imported aquatic products.
In this special inspection, South Korea plans to use the circulation history information of imported seafood to conduct centralized inspections and crackdowns on more than 2,500 companies that import large quantities of live red snapper, live scallops, and fresh haddock, which have high detection rates. False declaration of origin may be punished with imprisonment of up to 7 years or a fine of up to 100 million won. If the country of origin is not indicated, a fine of 50,000 won to 10 million won will be imposed.
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