1991.01.01
BANK OF CHINA / CUSTOMS GENERAL ADMINISTRATION / STATE ADMINISTRATION OF FOREIGN EXCHANGE CONTROL / MINISTRY OF FOREIGN ECONOMIC RELATIONS & TRADE
IMPLEMENTING RULES FOR THE REGULATIONS FOR THE ADMINISTRATION OF THE
VERIFICATION OF EXPORT EARNINGS
(Promulgated on December 18, 1990 by People's Bank of China, State
Administration of Exchange Control, Ministry of Foreign Economic
Relations and Trade, Customs General Administration and Bank of China)
Article 1 These Rules are hereby enacted in accordance with the
Regulations for the Administration of the Verification of Export
Earnings.
Article 2 Verification certificates shall, in principle at the beginning
of each month, be issued by the foreign exchange control department with
the number of certificates based on the times of declaration for the
same period of the previous year plus/minus the times of expected
increase/decrease.
Article 3 When filling in the declaration form, the export unit
concerned must complete an extra copy of the declaration form and should
accordingly fill in the counterfoil of the verification certificate with
its name and address, the quantity and total value of export goods, the
method of settlement, the scheduled date of payment and the date of
declaration, and also give indication in case the transaction is to be
settled through a bilateral bank account. The serial number of the
verification certificate should be written on each declaration form on
the right top corner.
The method of settlement should, in each case, be kept strictly in
conformity with the one as stipulated by relevant sales contract either
by sight or term draft. If a term draft is involved, the verification
certificate should bear the maturity date, and the date and amount of
each payment in case the transaction is settled by instalments.
Article 4 The Customs office shall handle an export units' declaration
upon presentation by the latter of the relevant verification certificate
with the seal "Export Earnings under Supervision" affixed thereon by the
foreign exchange control department and a declaration form bearing the
number of that certificate. The Customs office should affix the seal
"PASS" under the column "Checked by Customs" on the verification
certificate and around its serial number on the declaration form, and
should then return the certificate and declaration form to the export
unit.
Article 5 After declaration at the Customs office, the export unit
concened must, within the time limits below, return the verification
certificate counterfoil, declaration form and duplicates of the relevant
invoice and draft to the foreign exchange control department that has
issued the verificati[1] [2] [3] [4] 下一页
|
