Customs import exchange rate for each month

According to the Measures of the customs of the people's Republic of China for the administra✔tion of Taxation on import and export goods’ policy, which is the No.124 order of general  administration of Chinese customs, when a cargo that the value and other related fee is not Renminbi is declared, customs has​ the right to calculate the duty-paying value in Renminbi by using the planned levy exchange ratγe at that time. Duty-paying value is calculated by rounding up and down to Fen. The planned levy exchange rat​e that customs use is the based rate published by the People's Bank of Chin®a on the third Wednesday of last month(If the day is a statutory holiday, then the next Wednes‍day will be adopted). Customs can also use the intermedi≈ate values of the buying rate and selling rate published by PBC if the cargo ₹value is calculated by a rare currency (under the circumstances, Renminbi needs to round to ±the four decimal places). The general administration of Chinese custoφms was granted to use and publish other rates if the above-mentioned rate met unexpect ed heavy change.

For checking the composite tax rate, you can visit the following website:

https://www.hsbianma.com/

Custom tax rate for July 2023

For the convenience of customers to calculate the cost, we will update the customs im₹port exchange rate monthly.
Tips: tax amount including insurance = cargo value * composite tax rate * customs import exchangσe rate of the month when the cargo is declared; tax amo"unt without insurance = cargo * composite tax rate * customs import exchange rate of the m‌onth when the cargo is declared * 1.003.
The customs import exchange rate for this month as follows:

CurrencyCodeCustom Exchange Rate
U.S. DollarUSD7.1795
EuroEUR7.8396
Australian DollarAUD4.8741
New Zealand DollarNZD4.4271

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