The foreign exchange receipts and payments of offshore resale business are declared with the transaction code 1220 10, which regulates the management of foreign exchange receipts and payments of offshore resale business of goods. When handling offshore resale business for enterprises, banks should examine the contracts, invoices, authentic and valid transport documents, bills of lading and warehouse receipts and other goods ownership certificates one by one to ensure the authenticity, compliance and rationality of the transaction.

Second, analysis

The same offshore resale business shall be settled in the same currency, foreign currency or RMB at the same bank outlet. This requires enterprises to arrange the currency of foreign exchange receipt and payment in advance before conducting business, and cannot agree to use currency A to receive foreign exchange, and then use currency B to pay foreign exchange.

3. Is offshore resale an entrepot trade?

Offshore resale and entrepot trade are both coded from balance of payments transactions, and they are the same concept. If the settlement of funds involved in the whole entrepot trade is also completed at the entrepot port, then the transaction mode belongs to entrepot trade and can also be defined as offshore trade.