Qianhai responds to one-year buffer period for cross-border e-commerce

Source :Tan Yifan

 

Authorities from Qianhai said setting the one-year buffer period for cross-border e-commerce companies would bring confidence and positive influence for the market and the enterprises. They believed that the new measure would give more time for the cross-border e-commerce providers to rethink their strategies and also showed the determination of the central government to regulate the industry.

According to the new policy, the country's customs authority will continue to allow the direct importation of cosmetics, baby formula, medical equipment and healthcare-related food in 10 pilot cities, without permission, or the filing of special applications, which ease controls introduced in April on certain imported goods sold online.

Companies have been told they have until May 11, 2017 to bring imported goods into bonded warehouses in the cities - including Shanghai, Hangzhou, Ningbo, Zhengzhou, Guangzhou and Shenzhen - without having to complete customs clearance forms originally required from early April on cross-border e-commerce activities.

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2016-06-08 12:58:00

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