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 rate 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:
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:
| Currency | Code | Custom Exchange Rate |
|---|---|---|
| U.S. Dollar | USD | 7.1795 |
| Euro | EUR | 7.8396 |
| Australian Dollar | AUD | 4.8741 |
| New Zealand Dollar | NZD | 4.4271 |
