China customs duty & tax, Import tariff,customs duties  

China customs duty & tax, Import tariff,customs duties, Import tariffs,China tariff, china customs duty rates

Payment of import Customs Duty in China

Payment of import Customs Duty in China

A: payment for china import tax

China Customs rates and the Regulations of the People's Republic of China on Import and Export Duties has made the following provisions for the payment of import tax.

1)Consignees of import and the consignors of export are the payment person of China import Customs Duty.

2)The customs declaration agent entrusted by the consignor or consignee of the imports and exports deal with the tax formalities in the name of the client, the client shall be the taxpayer. Upon discovery of any duty being short-paid on imports or exports due to the responsibility of the china customs declaration agent, the china customs declaration agent shall assume the joint tax liability.

3)The china customs declaration agent entrusted by the consignor or consignee of the imports and exports deal with the tax formalities in his personal name, the china customs declaration agent shall assume the tax liability.

4)Any damage or loss, except caused by force majeure, occur during the custodial period, the person responsible for the customs duties of the goods shall assume the joint tax liability.

B: Limited time for Payment for import duty and VAT

1) limited timber of payment

According to the china Customs Law, the taxpayer for the imports shall pay the china import customs duty within 15 days from the date of the issuance of the duty memorandum. In the case of the overdue payment of the china customs duty for imports and exports, value-added tax，excise, tonnage dues and the other import duties in the import process, the Customs may, in addition to enforcing the payment by law, charge an overdue fine at 0.1% of the total duty amount per day from the 16th day to the date of payment of duty. The overdue fine shall not be charged for the passengers and personal postal parcels. China VAT for import is 17% by value. so we will know how to caculate for china import duties.

2) Overdue Time

Definition:

The overdue time is charged by the china customs on the taxpayer due to the failure of payment of china customs duty in the prescribed limited time. The provision of overdue fine is essential to the timely china warehousing of china import duty payment.

The Starting Point of Taxation:

The overdue time coming below RMB 50 yuan shall be exempted. The revenue from the overdue time, together with the china import duty payment, shall be handed over to the State Treasury. China tariffs or import taxes payable on merchandise imported or exported from one country to another. China Customs rates seek to equalize the charges imposed by other countries, furnish income for the federal government, and preserve the financial stability of domestic industries.

Congress has the exclusive authority to determine the imposition and enforcement of such import duties and federal courts have exclusive jurisdiction to resolve controversies involving china customs duties.

China import Customs Service-China Customs Service has responsibilities as the proper assessment and collection of china import customs duties, china import taxes, china import fees, and penalties owing on china imported items; the prohibition and seizure of contraband, including narcotics and illegal drugs; the processing of people, carriers, cargoes, and mail into and out of the country; the administration of certain navigation laws; the detection and apprehension of individuals engaged in fraudulent activities who intend to circumvent china customs duty; the protection of China business and labor through the enforcement of statutes, regulations, and countervailing duty; the enforcement of copyright, patent, and trademark provisions and china import quotas; and the setting of requirements for imported merchandise. Wood/logs/timber/machinery/chemicals of these goods and Merchandise Subject to China customs Duties China tariff schedules set forth terms that prescribe those goods that are to be subject to china import duties. Such schedules specify the items upon which a duty is to be imposed when wood/machine was imported into China and the rates at which the items will be customs taxes based upon the monetary value of wood/logs/machine such as these goods.