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Interim Regulations of the Ministry of Foreign Trade and Economic cooperation on Punishment for Conduct of Exporting at Lower-than-Normal Price
(Promulgated by Decree NO.1 of Ministry of Foreign Trade and Economic cooperation on March 20,1996)

Article 1

Article 2

Article 3

Article 4

Article 5

Article 6

Article 7

Article 8

Article 9

Article 10

Article 11

Article 12

Article 13

Article 14

Article 15

Article 16

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Manifest

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China - Interim Regulations of the Ministry of Foreign Trade and Economic cooperation on Punishment for Conduct of Exporting at Lower-than-Normal Price, 1996

MOFTEC

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Interim Regulations of the Ministry of Foreign Trade and Economic cooperation on Punishment for Conduct of Exporting at Lower-than-Normal Price
(Promulgated by Decree NO.1 of Ministry of Foreign Trade and Economic cooperation on March 20,1996)

Article 6

MOFTEC shall mete out the following punishments on enterprises which commit conducts of exporting at lower than normal price:

1.Circulating a notice of criticism or giving a warning;

2.Export enterprises which cause losses to the state or related enterprises by exporting at lower-than-normal price shall be fined, the fine shall be not less than 60 percent of the actual amount of income from the conduct of exporting at lower-than-normal price;

3.Export enterprises which have repeatedly committed the conduct of exporting at lower-than-normal price and caused serious losses to the state and related enterprises shall be fined in accordance with Section 2 of this Article. If the export enterprise refuses to accept the punishment within 30 days after the fine notice is received, the enterprise's right to applying and bidding for export quotas of the related products or some part of the products shall be suspended or revoked, or its export license for the related products or some part of the products shall be suspended or revoked or the enterprise's permit to foreign trade shall be suspended or revoked.


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