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The General Administration of Customs
Circular of General Administration of Customs on Examining and Approving Duty-paying Value of Old Machinery and Electrical Equipment
ShuShuiFa [2001] No.394
September 3, 2001
Guangdong branch of the General Administration of Customs , customs directly under the General Administration of Customs :
Whereas China is on point of entering World Trade Organization, and will comprehensively implement the WTO Agreement of Evaluation,
the rule that “Tariff and other duties of the old machinery and electrical equipment shall be calculated based on the price no less
than 60% of the new one” in the Circular on Strengthening the Administration of Old Machinery and Electrical Equipment (GuoJingMaoJi
[1997] No.877) jointly promulgated by the State Economic and Trade Commission, the Ministry of Foreign Trade and Economic Cooperation,
General Administration of Customs and the State Administration for Import and Export Commodity Inspection on December 22, 1997 obviously
breaches the transaction value principles of WTO Agreement of Evaluation. After study and consulted with by the State Economic and
Trade Commission, Ministry of Foreign Trade and Economic Cooperation, State Administration of Quality Supervision, Inspection and
Quarantine, hereinafter notify the relevant questions on examining and approving duty-paying value of old machinery and electrical
equipment:
Since November 1, 2001, duty-paying value of old machinery and electrical equipment (including old automobiles and parts of automobile,
the same definition applies wherever reference is made to old machinery and electrical equipment) imported after the approval of
government department in charge shall be fixed based on the transaction value of the old machinery and electrical equipment, according
to the relevant rules of Law of Customs, Customs Acts of Imports and Exports of People’s Republic of China, and Measures of Customs
of People’ Republic of China on Examining and Approving Duty-paying Value. Circular on the Questions Met in Current Examination and
Approval of Value (ShuiJia [1994] No.213) and Circular of the Department of Duty on the Questions Met in Examination and Approval
of Value of Part of Imported Automobile (ShuiJia [1996] No.335) issued by the Department of Duty of General Administration of Customs
are repealed simultaneously.
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