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Detailed Rules for the Implementation of the Methods on Export Quota Bidding with Compensation
(Promulgated by Ministry of Foreign Trade and Economic Cooperation on April 29, 1996)

Chapter 1 - General Provisions

Article 1

Article 2

Article 3

Article 4

Article 5

Chapter 2 - Organization Structure and Rules

Article 6

Article 7

Article 8

Article 9

Article 10

Article 11

Chapter 3 - The Modes of Bidding and Bidding Qualification

Article 12

Article 13

Article 14

Article 16

Article 17

Chapter 4 - Operational Procedures and Rule

Article 18

Article 19

Article 20

Article 21

Article 22

Article 23

Article 24

Article 25

Chapter 5 - The Transfer and Assignment of Quotas

Article 26

Article 27

Article 28

Article 29

Article 30

Chapter 6 - Export License

Article 31

Article 32

Article 33

Chapter 7 - Penalty Provisions

Article 34

Chapter 8 - Supplementary Provisions

Article 35

Article 36

Article 37

Article 38

Article 39

Article 40

Appendix

Metadata

SiSU Metadata, document information

Manifest

SiSU Manifest, alternative outputs etc.

China - Detailed Rules for the Implementation of the Methods on Export Quota Bidding with Compensation, 1996

MOFTEC

copy @ Lex Mercatoria

Detailed Rules for the Implementation of the Methods on Export Quota Bidding with Compensation
(Promulgated by Ministry of Foreign Trade and Economic Cooperation on April 29, 1996)

Chapter 5 - The Transfer and Assignment of Quotas

Article 26

In case the bid-winning enterprises fail to use up the bid-winning quotas, they may apply to the Bidding Offices for transfer of quotas 30 working days before the expiry date of the export quotas.

Regulations of transferring and assigning the quotas are as follows:

1.The transfer and assignment of quotas shall be handled according to the uniform procedures stipulated by the Bidding Offices and under-the-counter trade is strictly prohibited.

2.The enterprises applying for assignment of quotas shall be qualified bidding enterprises.

3.Enterprises may offer prices for the quotas assigned equal with or higher than the bid offers of the winning enterprises which intend to transfer the quotas. However, the Bidding Offices shall not handle the assignment application whose offer is lower than the winning prices.

4.After the enterprises make their application for quota transfer and assignment, the Bidding Office shall list the enterprises to which quotas are assigned in the order of bidding offers and in time sequence of registering the transfer and assignment. Priority shall be given to those applications with high assigned prices. In case the assigned prices are the same, priority shall be given to those enterprises which registered the transfer the transfer and assignment at an earlier date.

The Bidding office shall, based on the above-mentioned principles, handle the formalities of quota transfer and assignment, formulate" the Form of Transferring and Assigning the Quotas" in due course and send the form to the Bidding Committee for approval.

5.The Bidding Office shall, based on the approved "Form of Transferring and Assigning the Quotas", issue timely" the Notice on Transfer and Assignment of Quotas", informing the enterprises to make the payment of the deposits for the assigned quotas(assigned quota prices X quota quantity X 10%).The deposits for the transferred quotas of the transferring enterprises will be returned by the Bidding Committee. After the assigned enterprises complete the procedures of making relevant payment, the Bidding Office shall issue" the Certificate of Transfer and Assignment of Bid-Winning Quotas for Export Commodities with Compensation".

6.After issuing" the Certificate of Transfer and Assignment for the Bid-winning Quotas for the Export Commodities with Compensation", the Bidding Office shall deduct the transferred quota quantity from the bid-Winning quantity of the transferring enterprises.


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