How are import and export customs exchange rates determined?
The import and export customs exchange rates compiled by customs change every 10 days and are based on the median day of the previous 10-day period (i.e., the 5th, 15th, and 25th days, adjusted for holidays). The "selling exchange rate" of the Taiwan Bank is used as the import customs exchange rate, and the "buying exchange rate" of the Taiwan Bank is used as the export customs exchange rate.
How is the import and export trade promotion fee collected?
(a) Legal basis: Article 21 of the Trade Act and Article 17 of the Enforcement Rules of the Trade Act. (b) Rate: Uniformly collected by the customs at a rate of 0.04% of the price of import and export goods. The import price is based on the cost, insurance, and freight (CIF) price, while the export price is based on the free on board (FOB) price. (c) Collection method:
For imported goods: collected together with import duties and taxes.
For exported goods: the customs will issue a payment certificate (with a shipping list attached) for the accumulated export fees every quarter (i.e., every three months) and send it to the exporter by mail. The trade promotion service fee should be paid to the collection bank within 14 days from the date of issuance of the payment certificate. If the payment certificate is lost, the customs office can reissue it upon application. (d) Failure to pay the trade promotion service fee as required may result in the suspension of importing and exporting goods by the competent authority's Bureau of Foreign Trade in accordance with Article 30 of the Trade Act, and the customs will assist in the process. (e) Information about the trade promotion service fee can be found on the website of the Bureau of Foreign Trade (www.trade.gov.tw).
What is the automated customs clearance process for import and export goods?
Automated customs clearance refers to replacing the traditional manual process of delivering documents with "electronic data transmission" through "computer links" among all relevant parties and units involved in the customs clearance process. "Computer automatic processing" is also used to replace manual operations to speed up the customs clearance process. Under the automated clearance system, customs clearance data is screened by the "expert system" of the customs through the "clearance network" to identify the appropriate customs clearance method, which includes C1 (exempted clearance), C2 (document review clearance), and C3 (goods inspection clearance).