A : → The 80% ad valorem levy is the excise tax levied on wines for consumption in Hong Kong. There is no import tax locally. In Hong Kong, the excise tax is paid only when the wines are removed from bonded warehouse for consumption locally. The quoted 14% tax is the import duty levied on imports of wines in China, in addition to value added tax, consumption tax etc.
Q : → I am looking to import wine directly from Singapore for personal consumption - around 50 cases. What is the duty payable (I am told 80%of invoice value by C&E, but see 14% mentioned on this forum). Can the wine be stored in an individuals name at a bonded warehouse and debonded at leisure or must it all be duty paid on arrival in HK?
