(Yicai Global) Feb. 9 -- China's customs regulators have devised a raft of regulatory models and measures in practice to continuously adapt to the cross-border e-commerce boom. These innovative regulations are pioneering in the world, He Xiaorui, vice director of the Department of Customs Control and Inspection of China's General Administration of Customs, said yesterday.
He made the above comment on the live broadcast of China National Radio on the eve of the first global cross-border e-commerce conference in Beijing.
China's customs has explored a series of new models and measures in recent years, including innovative supervision, optimized operational procedures, improved management methods, appropriate supervision and smart regulation, He said.
For example, customs has designed a simplified declaration form which facilitates clearance. It implements integrated management of transaction data, payment and logistics, and declaration information to speed up clearance, He added.
Customs has also instituted tax guarantees, centralized taxation, withholding and other tax revenue management systems, and return and exchange systems for cross-border e-commerce, ensuring speedy clearance per the premise of effective regulation, He noted.
The major traded commodities of cross-border e-commerce companies have been similar in recent years. Main commodities imported to China last year were food, milk powder, diapers, healthcare products and clothing and cosmetics. However, consumer demands for high-quality goods grew, showing rising domestic consumption.
Main exports are clothing, luggage, plastic products, smartphones and their accessories, he stated.