On December 3, the General Administration of Customs initiated a public consultation regarding the disposal of unsold inventory under the cross-border e-commerce bonded trade model (customs supervision code 1210). The drafted “Announcement on Clarifying Matters Related to Cross-Border E-Commerce” aims to improve the accuracy of customs statistics, simplify declaration procedures for product destruction or return shipments, and promote fairness in competition. Public feedback is now being solicited to identify any issues that might affect equitable business practices.(Source: GACC)
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