1.Should the declared amount be filled in as FOB or CIF price?

According toINCOTERMS 2025According to the latest regulations,the price column on the customs declaration form must be filled in.The actual transaction price of the goods。The specific principles to be noted when filling in are as follows:

• WhenadoptingFOBterms:Declaredvalue=Commodityvalue+Domestictransportation/packagingcosts
• WhenadoptingCIFterms:Declaredvalue=Commodityvalue+Internationalfreight+Insurancepremium
• Underspecialcircumstances(suchasDDPterms):itisnecessarytoconfirmthehandlingmethodofoverseastaxesandfeeswiththecustomsclearanceagent.

2.What to do if customs valuation is not approved?

By 2025,China’s customs authorities will have fully implemented the reform and innovation measures.Intelligent Pricing Review SystemWhen an enterprise encounters pricing review inquiries,it is recommended to take the following steps:

• Step1:Providecompletetransactiondocumentation
  • Consistencycheckbetweenproformainvoiceandcommercialinvoice
  • Bankpaymentandreceiptrecordsmatching
• Step 2: Supplement the price composition description
  • Specialdiscountsrequireawrittenexplanationtobeattached.
  • Related-partytransactionsrequirethesubmissionoftransferpricingdocumentation.
• Step 3: Apply for Advance Pricing Ruling (recommended to be completed 30 days prior to shipment of goods)

3.Can Underreporting Prices Save on Tariffs?How Severe Are the Consequences?

According to the data from the customs inspection department in 2025,the proportion of cases of false price declarations reached 32%.Enterprises need to pay special attention to this issue:

• PenaltyStandard:Deviationsexceeding10%oftheamountinvolvedwillface
  • Afinerangingfrom30%to200%ofthegoods’value
  • Downgradeofenterprisecreditrating
  • Thesubsequentcustomsinspectionratehasbeenincreasedto80%.
• Compliance Recommendations:
  • Retaincompletepricesupportingmaterialsforatleast3years.
  • RegularlyupdatetheHScodecorrespondingtotheduty-paidprice.

IV.How is the declared price determined?

Regarding B2C e-commerce exports,the new policy in 2025 requires the following:

• Forsingleshipmentswithavalue≤RMB5,000:simplifieddeclarationmaybeadopted.
  • Pleaseprovideascreenshotoftheplatformtransaction.
  • Thepaymentvouchermustdisplaytheactualpaymentamount.
• For shipments with a single item value exceeding 5,000 RMB: Declaration must be made under general trade.
  • Asupplementarydeclarationofthebuyer-sellerrelationshipisrequired.
  • Brandauthorizationinvolvedrequiresseparateremarks.

5.Which auxiliary costs must be included in the declared price?

According to the General Administration of Customs’ Announcement No.1 of 2025,the following fees must be included in the customs clearance price:

• Royaltiespaidbythebuyer(directlyrelatedtotheimportedgoods)
• Resalerevenuesharing(agreedbeforethegoodsenterthecountry)
• Specialpackagingdesignfee(notincludedintheproductprice)
• Installationandcommissioningfees(portionincurredoverseasunderCIFterms)

It is recommended that enterprises clearly stipulate cost-sharing clauses in contracts to avoid subsequent price disputes.