The "2017 Tariff Adjustment Scheme" has been approved and issued by the 7th plenary session of tariff commission of the state council, and came into force on 1 January, 2017. The "Customs Import and Export Tariff of the People's Republic of China" and "Convention of the Harmonized System" are revised simultaneously. According to General Administration of Customs' (GAC) prediction, more than 10,000 enterprises may need to adjust HS codes of declared commodities for this year's declaration. This trade alert aims to provide an introduction to the main adjustments so as to help relevant enterprises make full preparation for the changes.
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