China’s new Tariff Law, effective from December 1, 2024, introduces changes to import and export tariff rules. E-commerce businesses and related companies are now required to act as tariff withholding agents. The law also clarifies rules for determining the origin of goods and extends the statute of limitations period for customs challenges to three years. This law will impact e-commerce transactions and companies should seek professional advice to ensure compliance and minimize customs risks.
Source BDO
