Santhosh V, LL.M. (Taxation Law), The Tamil Nadu Dr. Ambedkar Law University, Chennai
ABSTRACT
Irrespective of the border issues between India and People’s Republic of China, India has heavily relied on Chinese imports so far. Though India has started to emphasize self-reliance for the future, the transition towards that goal is not going to be immediate. On the other hand, the rising super power country of People’s Republic of China is also aiming to depend less on imports by western counterparts. In this setting, it will be significant to compare the import and export duty regulations in India and the People’s Republic of China. Import duty and export duty in China are regulated by the Regulations of the People’s Republic of China on Import and Export Duties, 2003 and the Rules of the General Administration of Customs of the People’s Republic of China on the Levying of Duties and Taxes on Imported and Exported Goods, 2004. The corresponding law in India regulating import and export duty is the Customs Tariff Act, 1975, Customs Act, 1962 and various rules made under it. This paper aims to study and highlight the major differences in Indian and Chinese regulation of import and export duty. The study is limited to the comparison of legislative provisions relating to import and export duty in India and China.
Keywords: - China, goods, import, export, tariff, and customs.
