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China issues regulations for duty-free shops

 2016-02-20 05:57:32.0

dH-qPYmm612Ye-HWqoxbxtBC8MiZ4bBU Beijing : �China has notified interim management measures for duty-free shops at ports of entry, the media reported on Saturday. The notice was jointly published by the finance and commerce ministry; General Administration of Customs; State Administration of Taxation and the China National Tourism Administration, the Global Times reported. To meet domestic demand for foreign products, the State Council, China's cabinet, decided in April 2015 to reinstate and increase duty-free shops at ports of entry, according to the notice. The total value of tax-free products purchased abroad and at duty-free shops together should be no more than 8,000 yuan ($1,227) for each Chinese citizen when returning to China via the listed ports. Meanwhile, the upper limit for tax-free products bought overseas remains unchanged at 5,000 yuan for each citizen.��(IANS)

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