[Edit this paragraph] What is foreign exchange write-off? Foreign exchange write-off is divided into full write-off and balance write-off. Processing enterprises generally use the method of balance verification. The write-off of the difference is to remit the export income to China according to a certain proportion, and the balance can be left abroad to buy materials. You need to find out the proportion approved by SAFE. A memorandum can be written off multiple times, and all the balance will be used for the next write-off. If you don't cancel, the customs and safe will find that you are in big trouble. Every time you exit, it is recorded by the electronic port. Preventing the loss of foreign exchange does not mean that you are not allowed to use your foreign exchange, but only requires you to remit your income back to China according to the amount required by the government. Please refer to the relevant laws and regulations on foreign exchange management for the use of foreign exchange. It is illegal to use the foreign exchange you withdraw from the bank for black market trading. This is beyond the scope of write-off management. [Edit this paragraph] The reason is that RMB cannot be freely circulated and exchanged. It is this monetary policy that saves a lot of things for enterprises engaged in import and export business, but it also brings some inconvenience. Save trouble, most of the business is done in dollars, and you hardly need to consider what risks the change of the exchange rate of dollars will bring to your business. The trouble is that you can't just take some dollars out of your pocket every time, especially when you need to import a lot of trade. I can't help it if I want to launder money. In short, this monetary policy is mixed. However, the country still needs great efforts to really implement this monetary policy. The exchange rate is stable and easy to handle, and the state treasury has a large amount of foreign exchange reserves. There are more enterprises that need foreign exchange, and the dollar is bullish, so the central bank will exchange some dollars from foreign exchange reserves. When the foreign exchange in the foreign trade market is overcharged and the US dollar is bearish, the central bank will release some RMB and recover some US dollars. Since the RMB is not allowed to circulate and exchange freely, there is no need to use much foreign exchange reserves to firmly peg to the US dollar. Moreover, the state treasury has trillions of foreign exchange reserves, enough for two or three Gulf wars. However, it is not easy to control the free circulation and convertibility of RMB. It is easy to handle RMB cash, and the customs is not allowed to bring a large amount of RMB out of the country, nor is it allowed to bring a large amount of foreign exchange cash into the country. At most, it is impossible to smuggle some RMB and foreign currency, or secretly exchange foreign exchange at the bank gate. However, it will be troublesome to control the huge capital flow between international trade enterprises. Think about it. Hundreds of thousands of foreign trade enterprises in China have millions of bank accounts, and tens or billions of dollars of funds enter and leave Chinese mainland every day. How to manage this? Don't worry, the China government has a special agency to manage this matter, and that is the State Administration of Foreign Exchange. It is a legal institution specializing in the management of import and export foreign exchange, and every foreign trade enterprise has to deal with it. Of course, SAFE alone can't control the circulation and exchange of foreign exchange, but also involves banks, customs and tax bureaus to do business. To this end, the SAFE has designed a special management system to monitor the import and export of each foreign exchange in each trade. This system is called export write-off system and import write-off system, which are collectively called foreign exchange write-off system. Foreign trade enterprises must follow this system, otherwise the bank will not settle or pay foreign exchange for you, the customs will detain your goods, and the tax bureau will not give you a tax refund. Therefore, with this foreign exchange verification system, there will be a verification form for export receipt and a verification form for import payment, which are collectively called verification forms. The verification form is actually a tracking form, and each verification form has a unique number to track each import and export business. [Edit this paragraph] Every write-off form applied by a foreign trade enterprise to the State Administration of Foreign Exchange is kept in the database of the State Administration of Foreign Exchange. The verification form follows the foreign trade business all the way through the customs, banks and tax bureaus, and is stamped with various seals or torn open. However, the final stub must be returned to SAFE to check the original database electronic files and cancel the verification form number. This process is called write-off, which means that your transactions are legal in foreign exchange receipts and payments and are allowed to be written off. Enterprises must have certain qualifications to apply to the foreign exchange bureau for verification. Of course, the most important qualification is the import and export right of the enterprise. Safe will issue several blank verification forms with serial numbers at a time. The number of these verification forms is convenient for enterprises to be related to each other, and the company name seal will be stamped on the spot. In the future, the foreign exchange liability arising from these verification forms shall be borne by the enterprise. The "Verification Form" is only allowed to be used by the enterprise and may not be borrowed, fraudulently used, transferred or traded. In addition, the write-off table has a time limit. Expired unused verification forms can no longer be used and must be returned to the foreign exchange bureau for cancellation. In the import and export business, enterprises can fill in the verification form and use it in each link according to the specific situation, but each verification form must be written off at the State Administration of Foreign Exchange, even if it is not used up or filled in incorrectly. [Edit this paragraph] Precondition of foreign exchange write-off 1, obtaining industrial and commercial business license 2, obtaining organization code certificate 3, obtaining import and export operation right "People's Republic of China (PRC) Import and Export Enterprise Qualification Certificate" 4, obtaining registration certificate of customs declaration unit [Edit this paragraph] Import foreign exchange write-off process 1, list of import units that import foreign exchange by import; 2. When applying for listing, you can apply for the qualification of an underwriter. After receiving the registration receipt, you can apply for import business with this receipt. After passing the training, the foreign exchange bureau will issue the Qualification Certificate for Verification of Import Payment of Foreign Exchange; 3. When paying foreign exchange, first check whether the enterprise is in the catalogue. If so, go directly to the bank where the account is opened to go through the formalities of foreign exchange payment. If it is not in the list or needs the foreign exchange bureau to verify the authenticity or pay foreign exchange, it is necessary to go to the foreign exchange bureau to handle the filing form of import foreign exchange payment first, and then go through the formalities of import foreign exchange payment on this basis; 4. Obtain the special foreign exchange payment form for the import goods declaration form;