Declaration of Gold Import and Export: Key Customs Clearance Points and Precautions

In international trade,import and exportthe declaration and customs clearance of gold need to be familiar with and strictly abide by relevant regulations to ensure the smooth progress of the process. The following are some key customs clearance points and precautions:

Gold is a soft, golden - colored, corrosion - resistant precious metal. It is not only a special currency for reserve and investment, but also an important material required by modern jewelry, electronics, telecommunications, aerospace and other industries.

The Peoples Bank of China is the competent department for the import and export of gold and gold products, and a permit system is implemented for the import and export of gold and gold products.
When gold and gold products listed in the Catalogue of Import and Export Management of Gold and Gold Products are imported or exported for customs clearance, the Permit for Import and Export of Gold and Gold Products of the Peoples Bank of China issued by the Peoples Bank of China and its branches should be submitted to the customs.
The Peoples Bank of China, together with the General Administration of Customs, formulates, adjusts and announces the Catalogue of Goods for Import and Export Management of Gold and Gold Products.

The classification of gold and gold products mainly depends on their degree of processing, and is mainly divided into four headings: 71.08 (unwrought gold and semi - manufactured products of gold), 71.13 (jewelry and parts thereof of precious metal or of metal clad with precious metal), 71.14 (gold and silverware and parts thereof of precious metal or of metal clad with precious metal), and 71.18 (coins).

According to the relevant regulations of the Regulations of the Peoples Republic of China on the Administration of Gold and Silver, there is no limit on the quantity of gold carried into the territory of China, but it must be declared and registered with the customs at the place of entry. When carrying or re - carrying gold out of the country, the customs will inspect and release it upon presentation of a certificate issued by the Peoples Bank of China or the original declaration form at the time of entry. Without a certificate or exceeding the original declared quantity at the time of entry, it is not allowed to leave the country.

There are many key customs clearance points involved in the declaration of gold import and export. Therefore, when conducting gold import and export business, it is necessary to carefully study relevant laws and regulations to ensure the compliance of the business.