China's Revised Customs Penalty System Offers Relief for Minor Offenses
China’s recently revised customs penalties could provide greater transparency to traders and set out a new penalty system for minor offenses, KPMG said Aug. 10. The revision, which took effect July 15 (see 2106250060), says that penalty relief may be…
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available under certain conditions, including for minor or first-time “non-compliance behaviors,” if the violations can be rectified in a timely manner and if they didn’t result in “significant harm,” KPMG said. China customs may also provide relief if the trader can prove the violation wasn’t intentional.