Understanding Hong Kong Customs
The Hong Kong Special Administration Region of the People's Republic of China is a free port and does not levy any Customs tariff on imports. There is also no tariff quota or surcharge. There is no value added or general services taxes either. Also, the fee for import declaration is nominal.
Excise duties are levied on only four types of goods, irrespective of whether they are imported or locally manufactured. These goods are liquors, tobacco, hydrocarbon oil and methyl alcohol.
The Customs and Excise Department is responsible for enforcing the law for collection of duties and protection of revenue.
For tobacco, hydrocarbon oil and methyl alcohol, duties are charged at specific rates per unit quantity. For liquors, duty is assessed at different percentages of their values on the basis of three different categories defined broadly according to alcoholic strength.
Our professional services focus on both savings and strategic opportunities as well as risk management. Among other things, we provide assistance in the following areas:
- Bonded Warehouses
- Audit Management
- Customs "Health Checks"
- Tariff Classification
- Country of Origin Factory Verifications
- Import Policy & Process Implementation
- Negotiation with Customs Authorities
- Supply Chain Security Validation
- First Sale for Export
- Utilizing CEPA