China Imports, April 2016
China's Ministry of Finance has informed that from 8 April 2016 new rules on duties and taxes applicable to personal imports will come into effect. The current limit of CNY 1,000 for personal imports will be raised to CNY 2,000 per import, and the annual limit for an individual will be CNY 20,000. The duty and tax application will depend on the type of import. Imports of goods purchased from overseas e-tailors with a customs value (i.e. the sum of product, shipping and insurance cost) up to CNY 2,000, and where the accumulated transaction value has not surpassed the personal annual limit of CNY 20,000 will be exempt from import duty. The current exemption of duty and tax if the sum of duty and tax is up to CNY 50 will no longer apply.
USA Imports, March 2016
Good news for US consumers! Starting March 10, 2016, imports of merchandise up to USD 800 will be allowed into the United States free from duties and taxes. The Trade Facilitation and Trade Enforcement Act of 2015 raises the de minimis threshold for low value shipments. Section 901 amends the Trade Tariff Act of 1930 (19 U.S.C. § 1321(a)(2)(C)) to raise the limit on amount of exemption from USD 200 to USD 800. This amendment applies to merchandise imported or withdrawn from the warehouse for consumption on or after the 15th day after the date of enactment of the Act. The enactment date was February 24, 2016.