Summary of the announcement
1. Single time transaction limitation has been increased from 2000 RMB to 5000 RMB, and annual transaction limitation has been increased from 20,000 RMB to 26,000 RMB.
2. Single time transaction over 5000 RMB but under annual transactions of 26,000 RMB can be imported through CBEC but should pay the taxation for general trade. If the annual transaction is over the limitation, then it will be regulated as general trade.
3. CBEC products are for personal use only; it is not allowed to resell them in China. Generally, it is not allowed to use the on-line purchase and off-line pick up model outside of the customs supervised area.
4. Other articles in the announcement of taxation policy for CBEC retail importation No. 18 2016 are still valid.
5. The product list for CBEC retail importation has been revised
This announcement will be executed from January 1st, 2019.