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New customs rules ease transport for honest companies

By Xing Yi in Shanghai | China Daily | Updated: 2018-07-17 06:56

Shanghai customs officials listed 202 discredited companies, and downgraded five companies' credit ratings based on information shared by other government organs since the country adopted credit-based customs clearance measures in May.

Customs officials also set up measures to block 739 companies deemed by the State Administration of Taxation to be at high risk of providing false trade information.

"By sharing enterprises' credit information, we will be able to act. The honest and law-abiding get a green light and those that are discredited get tougher inspections," said Zhu Haibin, chief of the enterprise management section at Shanghai Customs.

New customs rules ease transport for honest companies

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