The General Administration of Customs (GAC) promulgated the newly-updated Administrative Measures of the Customs of the People's Republic of China for the Classification of Enterprises (“Classification Measures”), which will come into force as of January 1, 2011 and will supersede the previous iteration, which went into effect on January 30, 2008.
Customs has designed five administrative categories, which are AA, A, B, C and D. Corresponding administrative measures are formulated for enterprises in each administrative category. Enterprises in categories AA and A shall be subject to relatively relaxed customs clearance measures. Enterprises in category B are subject to intermediate custom clearance measures, and enterprises in categories C and D are subject to strict control measures.
Under the Classification Measures, the requirements for AA consignees and consigners of import and export goods are different than those contained in the previous iteration. Under the previous measures, the aforesaid consignees and consigners must have the gross import or export value of more than 30 million US Dollars (or 10 million US Dollars for central and western regions) in the previous year. Under the Classification Measures, however, the AA category is reserved to those consignees and consigners with misstatement rates of less than 3% in the previous year.
- Administrative Measures of the Customs of the People's Republic of China for the Classification of Enterprises
- Issuing Authority: the General Administration of Customs
- Date of Issuance: November 15, 2010 / Effective Date: January 1, 2011