Overview

A comprehensive understanding of China's import duties and tariffs can result in substantial savings for businesses. Foreign investment enterprises may be eligible for an exemption or reduction of duties for certain imported goods and equipment that are used within specified geographical areas, in specified industry sectors, or for specified purposes.

However, enterprises sometimes face unanticipated legal consequences when they use such goods and equipment in such a way that causes their exempt or reduced-duty status to be lost. Since such legal liabilities are often substantial, this article discusses common pitfalls that foreign investment enterprises should strive to avoid when dealing with exempt-status goods and equipment.

Click 'View Briefing' to read on.

For more up-to-date news and briefings from King & Wood, visit http://www.chinalawinsight.com/