Legislation roundup: Customs and approval in the FTZ and insurance subsidiaries

Customs for foreign goods entering the Shanghai Free Trade Zone has been simplified and administrative approval for shipping insurance companies has been abolished. The CIRC has also set subsidiary guidelines for insurance companies

3 minute readMay 30, 2014 at 03:53 AM
By
clpstaff
& clp articles

Free trade zone



Shanghai Customs, Announcement on Implementing in the China (Shanghai) Pilot Free Trade Zone the “First Enter the Zone, Then Carry Out Customs Declaration” Procedural Model for Foreign Goods Entering the Zone

上海海关关于在中国(上海)自由贸易试验区实施境外入区货物“先进区、后报关”作业模式的公告



Enterprises in the free trade zone registered with customs and classified as Type B or above (Zone Enterprises) may, on the strength of documentation such as the manifest for the imported goods, first carry out simple declaration with customs and carry out the procedures for taking delivery at port and entry of the goods into the zone, and then carry out the formal declaration procedures for the imported goods with customs by the specified deadline.

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