China issues provisions on imports, exports
( 2003-11-30 10:16) (Xinhua)
China Saturday published its
Provisions on Imports and Exports, by means of a State Council decree, which go
into effect on January 1, 2004.
The provisions, which are composed of six chapters and 67 articles, cover the
areas of custom duty rates, pricing of post- tax export and import goods, and
imposing of custom duties and exports tax.
Xinhua News Agency published a commentator's article on the same day, hailing
it as an effort for China to fulfill its promises made for its entry into the
World Trade Organization (WTO) , by improving the custom taxation system in
accordance with the law.
It is of great significance for the implementation of regularization of the
levy and payment of custom duties, securing the revenue from customs tariffs,
and safeguarding the rights of tax-payers, the commentator stressed.
China's entry into the WTO has brought about lots of new opportunities and
challenges to the country, and, as a result, it has raised new and higher
demands on the work of the customs department, the article noted.