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Extended Time For Cross-Border Retail Scrutiny
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CHINA will extend the transition period for its supervision of cross-border e-commerce retail imports to the end of 2017 to spur e-commerce retail consumption, the Ministry of Commerce said yesterday.
The State Council decided that the cross-border e-commerce retail import supervision period would have a one-year transition period, starting from May 11, 2016, during which the pilot supervision model will be rolled out.
The pilot supervision model includes a series of simplified procedures, such as reduced checks on custom access or import permits. The pilot supervision program, which is being trialed in 10 cities, including Shanghai and Tianjin, has played an important role in promoting cross-border e-commerce retail imports and encouraging enterprises to be more organized, the ministry said.
The ministry said the transition period will be extended to the end of 2017.
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