Circular of the State Administration of Foreign Exchange and the Ministry of Commerce on Abolishing the Trial Measures for the Examination and Verification System of Collecting Export Proceeds in Foreign Exchange

Circular of the State Administration of Foreign Exchange and the Ministry of Commerce on Abolishing the Trial Measures for the Examination and Verification System of Collecting Export Proceeds in Foreign Exchange

Hui Fa [2007] No.35

June 14, 2007

All the branches of the State Administration of Foreign Exchange in all provinces, autonomous regions, municipalities, foreign exchange administration authorities, Shenzhen, Dalian, Qingdao, Ningbo, the commerce authorities in all provinces, autonomous regions, municipalities, and cities specifically designated in the state plan and Xinjiang Production and Construction Corporations:

The State Administration of Foreign Exchange and the Ministry of Commerce (the former Ministry of Foreign Trade and Economic Cooperation) jointly established the examination and verification system of collecting export proceeds in foreign exchange in March 1999 to examine and verify the business of all kinds of enterprises possessing the import and export right (hereinafter referred to as import and export entity) in collecting export proceeds in foreign exchange.
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