China: Comprehensive bonded areas, standardized management system
Standardized and specific management system to meet a higher level of opening up comprehensive bonded areas
Standardized management system
The General Administration of Customs issued Order No. 256 (referred to in English as the "Administrative measures of the People's Republic of China for comprehensive bonded areas or zones" (1 January 2022)) as the first formal management method for comprehensive bonded areas.
Order No. 256 provides a more standardized and specific management system to meet a higher level of opening up comprehensive bonded areas. The measures have an effective date of 1 April 2022.
With Order No. 256, earlier policies and regulations applicable to special customs supervision areas have been integrated. Specifically, the special customs supervision areas have been optimized and integrated, and 155 comprehensive bonded areas have been formed. The original management rules for bonded port areas and bonded logistics parks are integrated, comprehensive bonded zone management methods are defined, and new regulations are provided for comprehensive bonded zones.
For more information on this topic or to learn more about KPMG’s Trade & Customs Services, contact:
Doug Zuvich |
John L. McLoughlin |
Andy Siciliano |
Steve Brotherton |
Luis (Lou) Abad |
Irina Vaysfeld |
Amie Ahanchian |
Christopher Young |
Gisele Belotto |
George Zaharatos |
Andy Doornaert |
Jessica Libby Principal T: 612-305-5533 E: jlibby@kpmg.com |
The KPMG name and logo are trademarks used under license by the independent member firms of the KPMG global organization. KPMG International Limited is a private English company limited by guarantee and does not provide services to clients. No member firm has any authority to obligate or bind KPMG International or any other member firm vis-à-vis third parties, nor does KPMG International have any such authority to obligate or bind any member firm. The information contained herein is of a general nature and is not intended to address the circumstances of any particular individual or entity. Although we endeavor to provide accurate and timely information, there can be no guarantee that such information is accurate as of the date it is received or that it will continue to be accurate in the future. No one should act on such information without appropriate professional advice after a thorough examination of the particular situation. For more information, contact KPMG's Federal Tax Legislative and Regulatory Services Group at: + 1 202 533 3712, 1801 K Street NW, Washington, DC 20006.