Frequently Asked Questions — Currency and Bearer Negotiable Instruments (C&ED)

[<span class="q_no">2.</span><span>What is CBNI?</span>](javascript:;) <div id="accordion-content-2" class="accordion-content" aria-hidden="true" aria-labelledby="accordion-control-2"> <div class="inner"> <div class="q_no"> </div> <div> In accordance with section 2 of [the Cross-boundary Movement of Physical Currency and Bearer Negotiable Instruments Ordinance, Chapter 629, Laws of Hong Kong](https://www.elegislation.gov.hk/hk/cap629!en?INDEX_CS=N "Click here to the Cross-boundary Movement of Physical Currency and Bearer Negotiable Instruments Ordinance, Chapter 629, Laws of Hong Kong") ("the Ordinance"), "CBNI" means - 1. a note, or coin, that is legal tender in Hong Kong or a place outside Hong Kong; or 2. a negotiable instrument (Note) that is: - in bearer form; - endorsed without any restriction; - made out to a fictitious payee; - in a form under which the title of it passes on delivery; or - signed but does not state a payee"s name. <div class="remarks"> **Notes:** <span>Examples of such instrument include traveller"s cheque, bearer cheque, promissory note, bearer bond, money order and postal order.</span> </div> </div> </div> </div> </div> <div class="accordion">

[<span class="q_no">3.</span><span>What is a large quantity of CBNIs?</span>](javascript:;) <div id="accordion-content-3" class="accordion-content" aria-hidden="true" aria-labelledby="accordion-control-3"> <div class="inner"> <div class="q_no"> </div> <div> In accordance with Schedule 4 to [the Ordinance](https://www.elegislation.gov.hk/hk/cap629!en?INDEX_CS=N "Click here to the Ordinance"), a large quantity of CBNIs means CBNIs with a total value of more than HKD120,000. </div> </div> </div> </div> <div class="accordion">

[<span class="q_no">4.</span><span>Are diamond, gold or casino tokens CBNIs?</span>](javascript:;) <div id="accordion-content-4" class="accordion-content" aria-hidden="true" aria-labelledby="accordion-control-4"> <div class="inner"> <div class="q_no"> </div> <div> No. Diamonds, gold or casino tokens are neither currencies nor bearer negotiable instruments. They are therefore not CBNIs. </div> </div> </div> </div> <div class="accordion">

[<span class="q_no">5.</span><span>Is a cheque CBNI?</span>](javascript:;) <div id="accordion-content-5" class="accordion-content" aria-hidden="true" aria-labelledby="accordion-control-5"> <div class="inner"> <div class="q_no"> </div> <div> A cheque in bearer form is CBNI but an order cheque which is payable to a specified payee is not. </div> </div> </div> </div> <div class="accordion">

[<span class="q_no">6.</span><span>Is a commemorative banknote CBNI? If yes, how to determine its value?</span>](javascript:;) <div id="accordion-content-6" class="accordion-content" aria-hidden="true" aria-labelledby="accordion-control-6"> <div class="inner"> <div class="q_no"> </div> <div> If a commemorative banknote is legal tender in Hong Kong or a place outside Hong Kong, it is CBNI. The value of the commemorative banknote is determined by its nominal value. </div> </div> </div> </div> <div class="accordion">

[<span class="q_no">7.</span><span>Is an old banknote CBNI? If yes, how to determine its value?</span>](javascript:;) <div id="accordion-content-7" class="accordion-content" aria-hidden="true" aria-labelledby="accordion-control-7"> <div class="inner"> <div class="q_no"> </div> <div> If an old banknote is legal tender in Hong Kong or a place outside Hong Kong, it is CBNI. The value of the old banknote is determined by its nominal value. </div> </div> </div> </div> <div class="accordion">

[<span class="q_no">8.</span><span>Is a gold coin CBNI?</span>](javascript:;) <div id="accordion-content-8" class="accordion-content" aria-hidden="true" aria-labelledby="accordion-control-8"> <div class="inner"> <div class="q_no"> </div> <div> A gold coin is not CBNI if it is not legal tender in Hong Kong or a place outside Hong Kong. </div> </div> </div> </div> </div> ----- ## Passenger Clearance <div class="accordion-wrap faq with-control"> <div class="accordion"> [<span class="q_no">1.</span><span>What should I do if I am in possession of a large quantity of currency and bearer negotiable instruments ("CBNIs") when I arrive in Hong Kong?</span>](javascript:;) <div id="accordion-content-9" class="accordion-content" aria-hidden="true" aria-labelledby="accordion-control-9"> <div class="inner"> <div class="q_no"> </div> <div> Pursuant to [the Cross-boundary Movement of Physical Currency and Bearer Negotiable Instruments Ordinance, Chapter 629, Laws of Hong Kong](https://www.elegislation.gov.hk/hk/cap629!en?INDEX_CS=N "Click here to the Cross-boundary Movement of Physical Currency and Bearer Negotiable Instruments Ordinance, Chapter 629, Laws of Hong Kong") ("the Ordinance"), any person arriving in Hong Kong via a [specified control point](/en/service-enforcement-information/passenger-clearance/currency-bearer-negotiable-instruments/specified-control-points/index.html "Click here to specified control point") set out in Schedule 1 to the Ordinance and in possession of a large quantity of CBNIs (i.e. CBNIs of a total value more than HKD120,000), must make a declaration to a Customs officer, using the Red Channel under the Red and Green Channel System. Any person arriving in Hong Kong other than at a specified control point (e.g. passengers and crew arriving on cruise ships berthing at anchorages), upon the requirement of a Customs officer, must disclose whether he/she is in possession of a large quantity of CBNIs. If so, he/she must make a declaration. </div> </div> </div> </div> <div class="accordion"> [<span class="q_no">2.</span><span>What should I do if I am in possession of a large quantity of CBNIs when I leave Hong Kong? </span>](javascript:;) <div id="accordion-content-10" class="accordion-content" aria-hidden="true" aria-labelledby="accordion-control-10"> <div class="inner"> <div class="q_no"> </div> <div> Any person about to leave Hong Kong must upon the requirement of a Customs officer disclose whether he/she is in possession of a large quantity of CBNIs (i.e. CBNIs of a total value of more than HKD120,000). If so, he/she must make a declaration. </div> </div> </div> </div> <div class="accordion">

[<span class="q_no">3.</span><span>What does it mean by being "in possession of" a large quantity of CBNIs?</span>](javascript:;) <div id="accordion-content-11" class="accordion-content" aria-hidden="true" aria-labelledby="accordion-control-11"> <div class="inner"> <div class="q_no"> </div> <div> According to section 2 of [the Ordinance](https://www.elegislation.gov.hk/hk/cap629!en?INDEX_CS=N "Click here to the Ordinance") , a person is in possession of a large quantity of CBNIs if such CBNIs are - 1. on the person; 2. in the baggage accompanying the person; or 3. for a person arriving in or about to leave Hong Kong on a cross-boundary conveyance - 1. part of the personal belongings of the person carried on the conveyance; or 2. in the checked baggage of the person (whether or not carried, or to be carried, on the same conveyance). </div> </div> </div> </div> <div class="accordion"> [<span class="q_no">4.</span><span>Do I need to make any declaration or disclosure if I transit through Hong Kong after arriving at the Hong Kong International Airport from a place outside Hong Kong?</span>](javascript:;) <div id="accordion-content-12" class="accordion-content" aria-hidden="true" aria-labelledby="accordion-control-12"> <div class="inner"> <div class="q_no"> </div> <div> If a traveller is in transit at the Hong Kong International Airport and does not pass through immigration control at any [specified control point](/en/service-enforcement-information/passenger-clearance/currency-bearer-negotiable-instruments/specified-control-points/index.html) while in Hong Kong, he/she is not required to make a declaration or disclosure of CBNIs in his/her possession. </div> </div> </div> </div> <div class="accordion"> [<span class="q_no">5.</span><span>If I bring a large quantity of CBNIs into Hong Kong on behalf of a person, do I need to make a declaration?</span>](javascript:;) <div id="accordion-content-13" class="accordion-content" aria-hidden="true" aria-labelledby="accordion-control-13"> <div class="inner"> <div class="q_no"> </div> <div> Yes. Any person arriving in Hong Kong at a [specified control point](/en/service-enforcement-information/passenger-clearance/currency-bearer-negotiable-instruments/specified-control-points/index.html) set out in Schedule 1 to [the Ordinance](https://www.elegislation.gov.hk/hk/cap629!en?INDEX_CS=N "Click here to the Ordinance") and in possession of a large quantity of CBNIs (i.e. CBNIs of a total value of more than HKD120,000), must make a declaration to a Customs officer, using the Red Channel under the Red and Green Channel System. Any person arriving in Hong Kong other than at a specified control point (e.g. passengers and crew arriving on cruise ships berthing at anchorages), upon the requirement of a Customs officer, must disclose whether he/she is in possession of a large quantity of CBNIs. If so, he/she must make a declaration. If you are not the owner of the CBNIs concerned, you are required to provide information of the CBNIs' owner in the declaration form. </div> </div> </div> </div> <div class="accordion"> [<span class="q_no">6.</span><span>Should I declare or disclose a large quantity of CBNIs in the possession of my accompanying family members?</span>](javascript:;) <div id="accordion-content-14" class="accordion-content" aria-hidden="true" aria-labelledby="accordion-control-14"> <div class="inner"> <div class="q_no"> </div> <div> Each person must declare or disclose on his/her own the large quantity of CBNIs in his/her possession. However, an adult accompanying a young person (i.e. a person under the age of 16 years) who knows the young person is in possession of a large quantity of CBNIs must declare or disclose for the young person. </div> </div> </div> </div> <div class="accordion"> [<span class="q_no">7.</span><span>How to determine the value of CBNIs denominated in a currency other than Hong Kong dollars ("HKD")?</span>](javascript:;) <div id="accordion-content-15" class="accordion-content" aria-hidden="true" aria-labelledby="accordion-control-15"> <div class="inner"> <div class="q_no"> </div> <div> The value of CBNIs in the possession of a traveller and denominated in a currency other than HKD (e.g. foreign currency) would be calculated in accordance with [the opening indicative counter exchange selling rate](https://www.hkab.org.hk/en/rates/exchange-rates "Click here to the opening indicative counter exchange selling rate") published by the Hong Kong Association of Banks ("HKAB") on the day when the traveller arrives or is about to depart. If HKAB does not publish such rate on the day, or the time when the traveller arrives or is about to depart is before the publication time of such rate, the value of the CBNIs would be calculated according to the most recent rate HKAB published before the day. For example, if a traveller arrives in Hong Kong on 29 July 2018 (which is a Sunday on which HKAB normally does not publish exchange rates), reference should be made to the rate published on 28 July 2018. Historical rates are available at HKAB's website. If no opening indicative counter exchange selling rate is published by HKAB for a particular currency, the value of the CBNIs would be determined by reference to [the United Nations Operational Rates of Exchange](https://treasury.un.org/operationalrates/OperationalRates.php "Click here to the United Nations Operational Rates of Exchange") ("UN rate") being effective for the currency concerned on the day when the traveller arrives or is about to depart. The value of the CBNIs in HKD can be obtained by converting the nominal value of the CBNIs first to USD and then HKD using the UN rate. In making a declaration, the value of CBNIs should be stated in the currency in which the CBNIs are denominated. No conversion to HKD is necessary. For example, in declaring USD20,000, the value should be stated as "USD20,000". If you are not sure about the prevailing exchange rate adopted for a currency at the time of arrival or departure, you should approach a Customs officer for assistance. </div> </div> </div> </div> <div class="accordion"> [<span class="q_no">8.</span><span>What should I do if I am in possession of multiple currencies when arriving in Hong Kong?</span>](javascript:;) <div id="accordion-content-16" class="accordion-content" aria-hidden="true" aria-labelledby="accordion-control-16"> <div class="inner"> <div class="q_no"> </div> <div> You should calculate the equivalent value in HKD for each currency. If their total equivalent value in HKD exceeds HKD120,000, you are required to make a declaration. In making a declaration, the value of CBNIs should be stated in the currency in which the CBNIs are denominated. No conversion to HKD is required. </div> </div> </div> </div> <div class="accordion">

[<span class="q_no">9.</span><span>How to make a declaration?</span>](javascript:;) <div id="accordion-content-17" class="accordion-content" aria-hidden="true" aria-labelledby="accordion-control-17"> <div class="inner"> <div> Travellers may pre-fill the information using the [E-form Submission for Passenger Information (Currency and Bearer Negotiable Instruments)](https://www.cedp.customs.gov.hk/index_en.html "Click here to E-form Submission for Passenger Information (Currency and Bearer Negotiable Instruments)") ("E-form") to obtain a QR code, which should be presented to a Customs officer to make a declaration. For more details on how to use the E-form, please visit the [User Manual of E-form](/hcms/filemanager/common/pdf/cbni/user_manual_edm_en.pdf "Click here to the User Manual of E-form"). Alternatively, travellers may fill out the [paper declaration form](https://www.customs.gov.hk/hcms/filemanager/en/content_56/ced412_en.pdf "Click here to paper declaration form") and submit it to a Customs officer. </div> </div> </div> </div> <div class="accordion"> [<span class="q_no">10.</span><span>How to make a declaration if I am the driver of a cross-boundary private vehicle/ hired car or a passenger on board?</span>](javascript:;) <div id="accordion-content-18" class="accordion-content" aria-hidden="true" aria-labelledby="accordion-control-18"> <div class="inner"> <div class="q_no"> </div> <div> If the driver of the cross-boundary private vehicle/ hired car or the passenger on board is required to make a declaration, he/she should present the QR code generated by the [E-form](https://www.cedp.customs.gov.hk/index_en.html "Click here to E-form ") or submit the [paper declaration form](https://www.customs.gov.hk/hcms/filemanager/en/content_56/ced412_en.pdf "Click here to paper declaration form") to a Customs officer when the vehicle passes through the Customs kiosk. Note: For the importation or exportation of a large quantity of CBNIs as cargo on a cross-boundary conveyance, an advance electronic declaration must be made to the Customs & Excise Department via the [Currency and Bearer Negotiable Instruments Declaration System](https://www.cds.customs.gov.hk/en.html "Click here to Currency and Bearer Negotiable Instruments Declaration System"). For details, please visit [www.customs.gov.hk/en/cargo\_clearance/instruments/index.html](http://www.customs.gov.hk/en/cargo_clearance/instruments/index.html "Click here to Currency and Bearer Negotiable Instruments"). </div> </div> </div> </div> <div class="accordion">

[<span class="q_no">11.</span><span>Where can I obtain the declaration form?</span>](javascript:;) <div id="accordion-content-19" class="accordion-content" aria-hidden="true" aria-labelledby="accordion-control-19"> <div class="inner"> <div class="q_no"> </div> <div> [Paper declaration forms](https://www.customs.gov.hk/hcms/filemanager/en/content_56/ced412_en.pdf "Click here to paper declaration form") are available at the Red Channel of the Customs Arrival Hall of various control points. Travellers may also pre-fill information in advance through the [E-form](https://www.cedp.customs.gov.hk/index_en.html "Click here to E-form"). For more details on how to make a declaration, please refer to Q9. </div> </div> </div> </div> <div class="accordion"> [<span class="q_no">12.</span><span>After pre-filling the information using the E-form, do I still need to make a declaration on-site?</span>](javascript:;) <div id="accordion-content-20" class="accordion-content" aria-hidden="true" aria-labelledby="accordion-control-20"> <div class="inner"> <div class="q_no"> </div> <div> Yes. According to [the Ordinance](https://www.elegislation.gov.hk/hk/cap629!en?INDEX_CS=N "Click here to the Ordinance"), if a person is in possession of a large quantity of CBNIs, a declaration must be made to a Customs officer on-site when arriving in Hong Kong at a specified control point set out in Schedule 1 to the Ordinance using the Red Channel under the Red and Green Channel System or upon the requirement of a Customs officer. </div> </div> </div> </div> <div class="accordion"> [<span class="q_no">13.</span><span>How do Customs officers process declarations for CBNIs after I have submitted the declaration form or presented the QR code generated by the E-form?</span>](javascript:;) <div id="accordion-content-21" class="accordion-content" aria-hidden="true" aria-labelledby="accordion-control-21"> <div class="inner"> <div class="q_no"> </div> <div> The Customs officer(s) will check if all information required has been provided and verify the information on the declaration form. If necessary, the officer(s) may also need to check or count the declared CBNIs to ascertain the accuracy of the declared value. </div> </div> </div> </div> <div class="accordion">

[<span class="q_no">14.</span><span>How long will it take to complete the declaration process?</span>](javascript:;) <div id="accordion-content-22" class="accordion-content" aria-hidden="true" aria-labelledby="accordion-control-22"> <div class="inner"> <div class="q_no"> </div> <div> According to the performance standard of the C\&ED, the time required for passenger clearance at the Hong Kong International Airport, land boundary control points and ferry terminals is within 15 minutes, except for passengers who undergo further examination. </div> </div> </div> </div> <div class="accordion"> [<span class="q_no">15.</span><span>What is the consequence if I do not make a declaration for a large quantity of CBNIs, or if the declaration contains any information that is false in a material particular?</span>](javascript:;) <div id="accordion-content-23" class="accordion-content" aria-hidden="true" aria-labelledby="accordion-control-23"> <div class="inner"> <div class="q_no"> </div> <div> Any traveller who breaches the declaration/disclosure requirements for the first time may make a payment of HKD2,000 to discharge his/her legal liability, provided that he/she has not previously been convicted of any money laundering or terrorist financing offences and whose CBNIs are not reasonably suspected to be crime proceeds or terrorist property. Other cases are subject to criminal proceedings, and the maximum penalty is a fine of HKD500,000 and imprisonment for two years. </div> </div> </div> </div> </div> ----- ## Cargo Clearance <div class="accordion-wrap faq with-control"> <div class="accordion"> [<span class="q_no">1.</span><span>Do I need to make an advance declaration via the Currency and Bearer Negotiable Instruments Declaration System ("CDS") for importing or exporting a large quantity of currency and bearer negotiable instruments ("CBNIs")?</span>](javascript:;) <div id="accordion-content-24" class="accordion-content" aria-hidden="true" aria-labelledby="accordion-control-24"> <div class="inner"> <div class="q_no"> </div> <div> Pursuant to [the Cross-boundary Movement of Physical Currency and Bearer Negotiable Instruments Ordinance, Chapter 629, Laws of Hong Kong](https://www.elegislation.gov.hk/hk/cap629!en?INDEX_CS=N "Click here to the Cross-boundary Movement of Physical Currency and Bearer Negotiable Instruments Ordinance, Chapter 629, Laws of Hong Kong") ("the Ordinance"), an advance electronic declaration must be made to the Customs and Excise Department ("C\&ED") via [the Currency and Bearer Negotiable Instruments Declaration System](https://www.cds.customs.gov.hk/en.html "Click here to the Currency and Bearer Negotiable Instruments Declaration System")("CDS") for importing or exporting on a cross-boundary conveyance a large quantity of CBNIs (i.e. CBNIs of a total value of more than HKD120,000) as cargo in one batch. The above declaration requirement does not apply to the following types of CBNIs:

1. CBNIs in the possession of a person arriving in or about to leave Hong Kong on a cross-boundary conveyance (e.g. the personal belongings or checked baggage of air passengers);

2. CBNIs that are cargo in transit, i.e. CBNIs - - that are imported on an aircraft or vessel solely for the purpose of exporting them on the aircraft or vessel; and - that, while in Hong Kong, remain at all times on the aircraft or vessel;

3. CBNIs that are air transhipment cargo within the meaning of section 2 of [the Import and Export Ordinance (Cap. 60)](https://www.elegislation.gov.hk/hk/cap60!en?INDEX_CS=N "Click here to the Import and Export Ordinance (Cap. 60)"); and

4. CBNIs contained in a postal packet within the meaning of section 2 of [the Post Office Ordinance (Cap. 98)](https://www.elegislation.gov.hk/hk/cap98!en?INDEX_CS=N "Click here to the Post Office Ordinance (Cap. 98)"), i.e. mail. </div> </div> </div> </div> <div class="accordion">

[<span class="q_no">2.</span><span>What is the meaning of "in one batch"?</span>](javascript:;) <div id="accordion-content-25" class="accordion-content" aria-hidden="true" aria-labelledby="accordion-control-25"> <div class="inner"> <div class="q_no"> </div> <div> CBNIs imported or exported as cargo in one batch refer to CBNIs imported or exported on a cross-boundary conveyance by: 1. a person (other than a carrier\*); 2. the same carrier for the same customer\* who directly engages the carrier; or 3. the same carrier for the same customer who engages the same forwarder\* to transport or arrange for the transportation of the CBNIs to the carrier (Note). \* Please refer to section 10 of [the Ordinance](https://www.elegislation.gov.hk/hk/cap629!en?INDEX_CS=N "Click here to the Ordinance") for the definitions of "carrier", "customer" and "forwarder". <div class="remarks"> **Note:** <span>If, for example, the customer engages two different forwarders to arrange for the import or export of CBNIs, the CBNIs will be in different batches.</span> </div> </div> </div> </div> </div> <div class="accordion">

[<span class="q_no">3.</span><span>Which party is the "customer" under the Ordinance?</span>](javascript:;) <div id="accordion-content-26" class="accordion-content" aria-hidden="true" aria-labelledby="accordion-control-26"> <div class="inner"> <div class="q_no"> </div> <div> "Customer" is a party who is not a carrier and - 1. directly engages a carrier to import or export the CBNIs; or 2. directly engages a forwarder who transports or arranges for the transportation of the CBNIs to a carrier for importing or exporting the CBNIs. *Example: If Company A engages a forwarder to export CBNIs to Hong Kong from USA via an airline, Company A is the "customer" as mentioned in [the Ordinance](https://www.elegislation.gov.hk/hk/cap629!en?INDEX_CS=N), no matter whether Company A is located in or outside Hong Kong.* </div> </div> </div> </div> <div class="accordion"> [<span class="q_no">4.</span><span>Do I need to make an advance declaration via the CDS for a large quantity of CBNIs which are transhipment cargo?</span>](javascript:;) <div id="accordion-content-27" class="accordion-content" aria-hidden="true" aria-labelledby="accordion-control-27"> <div class="inner"> <div class="q_no"> </div> <div> The requirement of making an advance declaration does not apply to cargoes in transit and air transhipment cargoes (see Q1). Declaration through the [CDS](https://www.cds.customs.gov.hk/en.html "Click here to CDS") are necessary for other types of cargoes. </div> </div> </div> </div> <div class="accordion"> [<span class="q_no">5.</span><span>How to determine whether a declaration should be made if CBNIs denominated in a currency other than Hong Kong dollars ("HKD") are imported or exported?</span>](javascript:;) <div id="accordion-content-28" class="accordion-content" aria-hidden="true" aria-labelledby="accordion-control-28"> <div class="inner"> <div class="q_no"> </div> <div> The value of CBNIs denominated in a currency other than HKD (e.g. foreign currency) would be calculated in accordance with [the opening indicative counter exchange selling rate](https://www.hkab.org.hk/en/rates/exchange-rates "Click here to the opening indicative counter exchange selling rate") published by the Hong Kong Association of Banks ("HKAB") on the 15th day of the month preceding the month in which the CBNIs are imported or exported. If HKAB did not publish such rate on the day mentioned above, the value of the CBNIs would be calculated according to the most recent rate HKAB published before the day. For example, if the CBNIs are imported or exported on 31 July 2018, the declarant should refer to HKAB"s opening indicative counter selling rate on 15 June 2018. If the CBNIs are imported or exported on 1 August 2018, the declarant should refer to the rate published on 14 July 2018, since 15 July 2018 is a Sunday on which HKAB normally does not publish exchange rates. Historical rates are available at HKAB"s website. If no opening indicative counter exchange selling rate is published by HKAB for a particular currency, the value of the CBNIs would be determined by reference to [the United Nations Operational Rates of Exchange](https://treasury.un.org/operationalrates/OperationalRates.php "Click here to the United Nations Operational Rates of Exchange") ("UN rate") being effective for the currency concerned on the 15th day of the month preceding the month in which the CBNIs are imported or exported. The value of the CBNIs in HKD can be obtained by converting the nominal value of the CBNIs first to USD and then HKD using the UN rate. In making a declaration, the value of CBNIs should be stated in the currency in which the CBNIs are denominated. No conversion to HKD is necessary. For example, in declaring USD20,000, the value should be stated as "USD 20,000". </div> </div> </div> </div> <div class="accordion">

[<span class="q_no">6.</span><span>Do I need to pay a fee for making a declaration through the CDS of the C\&ED?</span>](javascript:;) <div id="accordion-content-29" class="accordion-content" aria-hidden="true" aria-labelledby="accordion-control-29"> <div class="inner"> <div class="q_no"> </div> <div> Making a declaration for CBNIs through the [CDS](https://www.cds.customs.gov.hk/en.html "Click here to CDS") is free of charge. </div> </div> </div> </div> <div class="accordion"> [<span class="q_no">7.</span><span>Who is responsible for making an advance declaration for CBNIs imported or exported as cargo? Who should be held liable if declaration was not made?</span>](javascript:;) <div id="accordion-content-30" class="accordion-content" aria-hidden="true" aria-labelledby="accordion-control-30"> <div class="inner"> <div class="q_no"> </div> <div> Pursuant to [the Ordinance](https://www.elegislation.gov.hk/hk/cap629!en?INDEX_CS=N "Click here to the Ordinance"), an advance electronic declaration must be made to the C\&ED via [the Currency and Bearer Negotiable Instruments Declaration System](https://www.cds.customs.gov.hk/en.html "Click here to the Currency and Bearer Negotiable Instruments Declaration System") ("CDS") for importing or exporting on a cross-boundary conveyance a large quantity of CBNIs (i.e. CBNIs of a total value of more than HKD120,000) as cargo in one batch. Upon receiving the confirmation on acceptance of the declaration by the CDS, the declarant can notify other relevant parties that declaration has been made for the CBNIs concerned. If an advance declaration has not been made before the import or export of the CBNIs, C\&ED will investigate each case carefully to determine who should be held liable for the failure to declare and decide whether enforcement action should be taken. For information on how to access the CDS, please refer to Q9 and Q10. </div> </div> </div> </div> <div class="accordion"> [<span class="q_no">8.</span><span>What is the consequence if I do not make any declaration before the import or export of a large quantity of CBNIs; or the declaration contains information that is false in a material particular?</span>](javascript:;) <div id="accordion-content-31" class="accordion-content" aria-hidden="true" aria-labelledby="accordion-control-31"> <div class="inner"> <div class="q_no"> </div> <div> All breaches are subject to criminal proceedings. The maximum penalty is a fine of HKD500,000 and imprisonment for two years. </div> </div> </div> </div> <div class="accordion">

[<span class="q_no">9.</span><span>Is it necessary to use a digital certificate for accessing the CDS?</span>](javascript:;) <div id="accordion-content-32" class="accordion-content" aria-hidden="true" aria-labelledby="accordion-control-32"> <div class="inner"> <div class="q_no"> </div> <div> Yes. For the purpose of confirming the user's identity, the declarant should use a valid digital certificate or iAM Smart+ to log into the [CDS](https://www.cds.customs.gov.hk/en.html "Click here to CDS") for submitting a declaration. Please click [this link](https://www.digitalpolicy.gov.hk/en/our_work/digital_infrastructure/legal_framework/regulation/eto/digital_cert/cert_user_journey/ "Click here to this link") for more information about the recognized certification authorities in Hong Kong. Please click [this link](https://www.iamsmart.gov.hk/en/ "Click here to https://www.iamsmart.gov.hk/en/") for more information about iAM Smart+. </div> </div> </div> </div> <div class="accordion"> [<span class="q_no">10.</span><span>Can I make an advance declaration for importing or exporting a large quantity of CBNIs via the CDS through the Trade Single Window (TSW)?</span>](javascript:;) <div id="accordion-content-33" class="accordion-content" aria-hidden="true" aria-labelledby="accordion-control-33"> <div class="inner"> <div class="q_no"> </div> <div> A Registered User of TSW with a valid digital certificate issued by the recognized certification authorities or iAM Smart+ can access to the CDS through single sign-on from [TSW](https://www4.tradesinglewindow.hk/portal/en/index.html "Click here to TSW") upon successful service subscription and link-up with the CDS in TSW. To enjoy single sign-on after service subscription of the CDS, a Registered User of TSW is required to establish link-up with a valid digital certificate or iAM Smart+, of which the identity information must be the same as the TSW account. The linked digital certificate or iAM Smart+ must be used for digital signing for making declarations in the CDS. Please refer to the [online demonstration](https://www1.cds.customs.gov.hk/cdsext/CDSdemo/en/CDS_index1.html "Click here to online demonstration") on the [CDS website](https://www1.cds.customs.gov.hk/cdsext/CDS/web/home.action?request_locale=en "Click here to CDS website") or the [TSW website](https://tradesinglewindow.hk/portal/en/faq/index.html?csrt=15044095265814226034 "Click here to TSW website") (by selecting (D) Submission of individual trade document -\> Customs and Excise Department -\> Declaration Form for Cross-boundary Transportation of Currency and Bearer Negotiable Instruments (CBNIs)) for the procedures of accessing the CDS through TSW. Please refer to Q9 for more information about the recognized certification authorities in Hong Kong and iAM Smart+. </div> </div> </div> </div> </div> <div id="div_generated_pagename" style="display:none;"> Currency and Bearer Negotiable Instruments </div>