According to Article 16 of the Measures for Tax Administration of Import and Export Goods in People's Republic of China (PRC), "If the prices and related expenses of import and export goods are priced in foreign currencies, the customs shall convert them into RMB according to the taxable exchange rate applicable on the date when the tax rate is applicable to the goods. The duty-paid price is calculated to points by rounding. "

The evaluation exchange rate used by the customs every month is the benchmark exchange rate of foreign currency against RMB published by the People's Bank of China on the third Wednesday of last month (if the third Wednesday is a legal holiday, the fourth Wednesday will be postponed).

If it is denominated in a foreign currency other than the currency of the benchmark exchange rate, the intermediate value of the spot buying price and the spot selling price published by the Bank of China at the same time shall be adopted (RMB yuan shall be rounded to four decimal places).

If the above-mentioned exchange rate fluctuates significantly, the General Administration of Customs may, when it deems it necessary, set another exchange rate and announce it to the public.

★ The customs declaration that meets the provisions of Article 9 of the Measures for the Administration of Modification and Cancellation of Customs Declarations and is re-declared after cancellation shall be taxed at the applicable tax rate and exchange rate when the customs accepts the goods for re-declaration.

★ Except for the circumstances stipulated in Article 9 of the Measures for the Administration of Revision and Cancellation of Customs Declarations, the customs declaration re-declared after cancellation shall be taxed on import and export goods according to the applicable tax rate and exchange rate of the original customs declaration.