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China Officially Extends Grace Period for CBEC Transition Policy

The CBEC transition period has been officially prolonged since Jan 1st 2019 without a specific set expiration date. CBEC-traded cosmetics, infant formula powder, medical device and special food (such as health food and food for special medical purposes) will be not subject to , pre-market approval requirements. The positive lists of CBEC will be appended to include 63 types of new commodities in great demand. Transaction limit of CBEC retail products eligible for preferential tax policy will be raised from 2000 RMB to...

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