Bank, customs join hands for faster clearance

The Bank of China (BOC) Yunnan Branch and Kunming Customs have co-worked out new electronic service packages on customs clearance to enhance efficiency, according to a recent policy promotion.

The policy promotional meeting

The BOC Yunnan branch will also proceed to cooperate with Kunming Customs on cross-border electronic commerce and private financial service to form a better service system.

Thanks to the nation-wide Customs revenue collection and the BOC e-clearance platform, Kunming Customs has increased the application scope a bank guarantee and electronic taxes payment services.

The nation-wide customs revenue collection, implemented by the General Administration of Customs of China (GACC), is a new and easy mechanism for revenue collection.

The BOC e-clearance services platform dates back to as early as in 2003 and was further upgraded in 2012.

Reporting by Liu Ziyu; trans-editing by He Lin and Wang Shixue