Friday, January 21, 2022
Google search engine
Home Business China Creates Draft Rules Requiring E-Cigarette Firms to Obtain Licences

China Creates Draft Rules Requiring E-Cigarette Firms to Obtain Licences

China’s tobacco authority announced draft regulations controlling e-cigarettes on Thursday, bringing the product out of the regulatory gray area and under state control.

The proposed guidelines from the State Tobacco Monopoly Administration come after China’s cabinet amended its tobacco monopoly legislation to cover e-cigarettes last week.

Companies selling e-cigarettes in China must fulfill national criteria, according to the proposed laws, in order to register with the tobacco administration and do business lawfully.

Companies that manufacture e-cigarettes must also obtain a special license from the tobacco authority if they can demonstrate that they have the necessary cash and a facility with compliant equipment.

All licensed e-cigarette distributors and retailers must sell goods through a “single national electronic cigarette transaction management platform,” according to the tobacco regulator.

Meanwhile, the regulator said that e-cigarette tax collection and payment “must be performed in conformity with national taxation rules and regulations.”

Following the success of comparable products elsewhere, a slew of Chinese businesses began manufacturing and marketing nicotine salt-based e-cigarettes for the local market in 2018.

RELX Technology Inc (RLX.N), the largest of them, went public in New York in January.

China’s cigarette business is a state-run monopoly that is directly controlled by the tobacco regulator, which sets brand price and distribution while also generating tax revenue for the government.

Dan Murrow
Dan Murrow specializes in lifestyle, health, and travel reporting. Helping to bring you tips, tricks, and insights into how to improve your quality of life, and push yourself to be the best version of yourself you can possibly be. With eight years of experience at his back, Dan cultivates a wealth of daily articles that help to open your eyes to exploring the world, and improving your health.
RELATED ARTICLES

UK and US Begin High-Level Talks on Steel Tariffs

The United States and the United Kingdom have began official discussions over Trump-era tariffs on steel and aluminum exports from the United Kingdom. Both nations'...

Real Estate Share Market Jumps in Hong Kong After China Cuts Mortgage Rates

China's central bank slashed a key mortgage rate for the first time in over two years, sending shares of Chinese property developers soaring in...

Tesla’s 2022 Release Lineup Is Looking Groundbreaking

When it comes to the car market of the future, Tesla continues to put itself on the cutting edge of what is available. With...
- Advertisment -
Google search engine

Most Popular

The Voting Bill Crumbles in Congress, Filibuster Remains Intact

After a tense, emotional discussion, two senators declined to join their own party in amending Senate rules to overcome a Republican filibuster, bringing the...

UK and US Begin High-Level Talks on Steel Tariffs

The United States and the United Kingdom have began official discussions over Trump-era tariffs on steel and aluminum exports from the United Kingdom. Both nations'...

Real Estate Share Market Jumps in Hong Kong After China Cuts Mortgage Rates

China's central bank slashed a key mortgage rate for the first time in over two years, sending shares of Chinese property developers soaring in...

NBC Announces it Won’t Stream The Super Bowl in 4K for 2022

NBC Sports has confirmed to The Verge that the 2022 Super Bowl will not be televised or streamed in 4K this year when it...

Recent Comments