As the new Law on Customs will become effective on January 1, 2015, the Ministry of Finance and the General Department of Customs are drafting circulars to guide its implementation. Several new circulars are being drafted for customs procedures, e-customs, toll manufacturing, and post-customs clearance audits and inspection.

Businesses can expect to see improvements, including uniform and simplified customs procedures, e-customs procedures, customs audits and inspections, and a mechanism for obtaining advance rulings on classification, amongst other things. Simplifications are also being made to requirements for customs documentation. For example, Circular 128 in its current form requires importers to provide a copy of their commercial contract for customs classification. This requirement is expected to be removed and replaced by a single requirement to provide a description of goods to be classified by customs. Commercial contracts will also no longer be required to support a customs declaration. Importers and exporters will be allowed to declare up to 50 lines of items of goods in a single customs declaration, and a combined customs declaration will be allowed for goods of the same HS codes, origin and duty rate.

Current customs systems that rate company compliance and risk profiles are expected to be consolidated in one new circular. Generally, companies receive a good, medium or poor compliance rating by customs authorities. In addition, seven risk-profile ratings are attributed to each company, ranging from very low risk to very high risk, to determine their level of priority in processing customs formalities during customs clearance and valuation procedures.

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