In order to encourage companies to voluntarily rectify their customs non-compliance, China’s General Administration of Customs has just issued new rules regarding administrative penalties normally applied to customs violations.
These rules will be in effect from July 1, 2022 to December 31, 2023.
Yijun Liu from our Shanghai office outlines in this brief what types of penalties are eligible for the new mechanism and gives advice to companies that want to benefit from it.
