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On September 20, 2017, during an executive meeting of the State Council held by Premier Li Keqiang it was revealed that the grace period for CBEC would be extended until the end of 2018. In addition new comprehensive experimental zones are to be established to promote the development of CBEC in China.
Although no official implementation rules have been released, it is still unclear if infant formula, health food, food for special medical purposes etc. will be able to be imported through CBEC channel without pre-market approval. During the extended grace period, government may put forward more reasonable measures to supervise CBEC.
A Chronology of CBEC Policy Developments:
Time | Event | Previous News |
March 24, 2016 | Ministry of Finance (MOF) announced that new tax policy of CBEC would be effective from April 8, 2016 | |
April 7, 2016 | The first batch of positive list for CBEC traded commodities was released. It means that the imports of fresh food, formula powder, health food are banned. | |
April 8, 2016 | The new policy was implemented. |
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April 15, 2016 | The second batch of the positive list for CBEC traded commodities was released. | |
May 15, 2016 | AQSIQ stressed that products imported through CBEC in bonded warehouse model belong to “goods”, hence customs clearance is required. Only merchandise imported in direct mail model can be free of customs clearance. | AQSIQ Introduces Facilitation Measures for CBEC Customs Clearance |
May 25, 2016 | The grace period policy was released: the implementation of the new policy would be extended for 1 year. | |
November 15, 2016 | Ministry of Commerce confirmed that the grace period of China’s CBEC supervision is extended to the end of 2017. | China to Extend CBEC Policy Grace Period Until the End of 2017 |
September 20, 2017 | The grace period of the CBEC policy will be extended to the end of 2018. |
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