Import Declarations and Taxes now on One Platform
It is official. China is now operating on a single window customs clearance platform, much like the Automated Commercial Environment (ACE) has done for the United States. The Chinese platform is set up like ACE allowing companies to declare their imports and taxes within one operating system.
“In fact, the single window system will help companies lower costs by 10% and save 10% of time needed for clearance. A third of all clearance procedures will be cut, according to southwest China’s Chongqing port,” states XinhuaNet News, “In Shanghai, cargo clearance efficiency has been raised by about 30 percent.”
The General Administration of Customs (GAC) says the standard version covers all trade ports, with a total of 35,000 registered users and more than 100,000 daily declarations.
The platform has nine functions, including declaration of cargo, transportation, and payment of taxes and fees.
Instead of filing the same information repeatedly with different authorities, traders are able to declare cargo and taxes with a single submission on a web-based platform for free, improving efficiency and reducing costs.
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