China Customs 

Huangpu Customs has introduced the customs valuation ruling system as of 1 July 2006.  An importer including the new FICEs (foreign invested commercial enterprises) can obtain endorsement on the import value from Customs prior to shipment to reduce the uncertainties with respect to customs value.  This reduces "hold up" of cargoes and clearance delay, a tremendous issue to many multinational companies.

Benefits Proactive test on the new transfer pricing policy from customs perspective    Less uncertainty    Quick customs clearance    No deposit required for customs clearance    Establishment of good work relationship with customs    Reduced risks of potential customs audit on import value Eligibility Any importer ranking "A" or "B"    No non-compliance issues were identified by customs in the past six months Requirements Transactions over US$200,000 (partial shipment is allowed);    Import price can be determined at the time of application and related documents can be provided to support the import price; or    The price of identical/similar goods can be found in public. Our Assistance Analyze the new import price for PRC Customs compliance consideration    Assess potential challenge with historical import price     Analyze the customs implication of the new transfer pricing policy     Prepare application package for customs submission    Respond to follow-up questions from Customs