Common use of Customs Declarations Clause in Contracts

Customs Declarations. All declarations, returns and information made or given by the Shanghai Companies to any relevant authorities in connection with the import or export of any products, components or raw materials are correct in all material respects and the Shanghai Companies have complied with all legislation in all material respects relating to the import and export of products, components or raw materials and to all customs and excise matters, and all customs and import taxes payable by the Shanghai Companies have been paid in full. There are no written final or proposed assessments from the customs authority.