Appraisal of the Law and Rules Sample Clauses

Appraisal of the Law and Rules. The outcomes of the amendments to China’s Custom Law are threefold. Firstly, the amendments align China’s Customs Tariff regime with WTO requirements. Secondly, they bring China Customs system into line with the more modern and rational customs systems contemplated by the 1999 Amendment Protocol to the International Convention on the Simplification and Harmonization of Customs Procedures (Kyoto Customs Convention). The 1999 Amendment Protocol seeks to simplify and coordinate customs procedures among members so as to meet the demands of a rapidly growing volume of international trade as well as developments in information technology that are affecting international trade and customs practice. Thirdly, the amended Customs Law confers more investigative and enforcement powers upon China Customs whilst at the same time subjecting these increased powers to a greater degree of accountability. The amended China’s Customs Law is a praiseworthy development in China’s law. Whilst many systemic, political and organizational issues still need to be tackled before Customs can be built into a completely modern and professional organization, the amended PRC Customs Law is a much needed first step towards this end. As a basis for the national framework legislation, it is inevitably general. Traders now hope the forthcoming customs implementation regulations will be specific enough to further the goal of creating a transparent, objective, predictable and rational legal customs regime. Furthermore, the Rules provide more detailed practices of determining the customs value of imported goods for both importers and exporters.
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