CIQ Credit Management System, Enhancing Trade Facilitation at the Customs border
The State Administration for Sanitation, Inspection and Quarantine (AQSIQ) issued Tong Han [2009] No.118 that was applicable from 2009 through 2012. This pilot program represented the creation of a new Credit Management System for importers/exporters, agents, and other related parties.
On 16 July 2013 AQSIQ published Announcement [2013] No.93 which was effective 1 January 2014 and transforms the pilot program into a new risk-based ranking system for ensuring compliance with non-tariff measures at the Customs border.
The purpose of this Alert is to share an update on the new CIQ Credit Management System so that you can incorporate this development into your trade compliance strategy and enhance supply-chain performance at the Customs border. For further discussion contact Damon Paling, Partner, PwC WMS Shanghai.
