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Shenzhen cuts overseas online shopping to three days [China Daily: Hong Kong Edition](China Daily: Hong Kong Edition Via Acquire Media NewsEdge) In Shenzhen's Qianhai zone, shopping on overseas websites has become as simple as visiting at a local grocery store. On Tuesday, Qianhai Bonded Port launched a pilot e-commerce platform that simplifies customs clearance procedures and reduces shipping time to a couple days. Credible retailers picked for the platform store their products in the bonded area. When a customer places an order, the retailer will be responsible for customs declaration. A personal postal articles tax will be levied and after that, the retailer would mail the package to the buyer. Any amount lower than 50 yuan ($8) is eligible for a tax waiver. All a customer needs to do is pay the bill. Retailers will pay taxes on all orders within a certain period of time. China has a growing appetite for overseas shopping, especially clothing, cosmetics and baby products. Many shoppers, however, are concerned with the long shipping time - usually over half a month - and the risks of buying counterfeit goods. The platform will dismiss concerns with customs checks, and also help standardize customs declaration, clearance and taxing for overseas shopping. (c) 2014 China Daily Information Company. All Rights Reserved. Provided by SyndiGate Media Inc. (Syndigate.info). |