Branches and foreign exchange administrations of the State Administration of Foreign Exchange in all provinces, autonomous regions and municipalities directly under the Central Government, and branches in Shenzhen, Dalian, Qingdao, Xiamen and Ningbo; All designated Chinese-funded foreign exchange banks:
On August 5, 2003, the State Administration of Foreign Exchange issued the new Administrative Measures for the Verification of Export Receipts (hereinafter referred to as the Measures). In order to ensure the implementation of the relevant provisions of the Measures, standardize the operation of foreign exchange bureaus at all levels and designated foreign exchange banks to handle the verification of export proceeds, and facilitate exporters to handle the verification procedures of export proceeds, the State Administration of Foreign Exchange has formulated the Detailed Rules for the Implementation of the Administrative Measures for Verification of Export Proceeds (hereinafter referred to as the Detailed Rules). See Annex I) and the Operating Rules for the Administration of Verification of Export Receipts (hereinafter referred to as the Rules, see Annex II). The Rules and Regulations are hereby printed and distributed to you, please follow them carefully.
These rules shall be implemented as of June 6, 2003. After receiving the documents, all branches shall forward them to their branches, foreign-funded banks and relevant units as soon as possible, and all designated Chinese foreign exchange banks shall forward them to their branches as soon as possible. All branches and sub-branches should take various forms to publicize and organize training for export units within their jurisdiction to ensure the smooth implementation of the Measures and Detailed Rules. If there are any problems in the implementation, please feedback to the current account management department of the State Administration of Foreign Exchange.
Attachment: 1. Detailed rules for the implementation of the measures for the administration of verification of export proceeds.
Two, "export verification management procedures" (omitted)
Administration of Exchange Control
September 8(th), 2003
Detailed rules for the implementation of the measures for the administration of verification of export proceeds