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Provisional Measures on the Administration of Shadow Margin Account Scheme Applied on a Pilot Basis to Imported Materials and Parts for Inward Processing
(Promulgated jointly by the Customs General Administration, the Bank of China, the State Planning Commission, the Ministry of Foreign Trade and Economic Cooperation, etc. on November 16, 1995)

Article 1

Article 2

Article 3

Article 4

Article 5

Article 6

Article 7

Article 8

Article 9

Article 10

Article 11

Article 12

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Manifest

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China - Provisional Measures on the Administration of Shadow Margin Account Scheme Applied on a Pilot Basis to Imported Materials and Parts for Inward Processing, 1995

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Provisional Measures on the Administration of Shadow Margin Account Scheme Applied on a Pilot Basis to Imported Materials and Parts for Inward Processing
(Promulgated jointly by the Customs General Administration, the Bank of China, the State Planning Commission, the Ministry of Foreign Trade and Economic Cooperation, etc. on November 16, 1995)

Article 4

Foreign economic and trade administrative authorities shall strictly examine and approve the contracts according to relevant provisions, and verify the business operation and production capacity of entities and enterprises engaged in inward processing trade and processing production enterprises, so as to prevent enterprises that actually do not have any factories, processing equipment or workers from engaging in smuggling and other illegal activities by taking advantages of inward processing trade.

Responsible Customs Services in the locality of the processing production enterprises shall proceed with examination and approval according to the inward processing contracts submitted by the inward processing entities or enterprises and the documents issued by foreign economic and trade administrative authorities, and issue, to the entities or enterprises engaged in inward processing, a Communication List for the Opening of shadow Margin Account based on the amount of imported materials and parts recorded in the contracts. Such entities or enterprises shall apply to local Banks of China in the locality of the Customs Services for the opening of the shadow margin account.

Local Banks of China shall open the shadow margin accounts for such entities or enterprises according to the Communication List issued by the Customs Services and issue Notice of the Registration of the Shadow Margin Account to such entities or enterprises and the responsible Customs Services. The entities or enterprises shall present the Notice to the responsible customs Services to complete the contract registration and recordation procedures.

When applying for the opening of the shadow margin accounts, the entities or enterprises engaged in inward processing shall pay a RMB100 yuan service fee each application.


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