| Notice on Distributing the Provisional Regulations of Annual Examination of the Approval Certificate for the Overseas Enterprises of Raw Material Processing and Assembling |
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| Sunday,October 06,2002 Posted: 14:56 BJT(0656 GMT) |
The Commissions/Bureaus/Offices of Foreign Trade and Economic Cooperation of each Provincial, Autonomous Region, National Municipality and Solely-planned Municipality, and National enterprises:
Now we distribute to you the Provisional Regulations of Annual Examination of the Approval Certificate for the Overseas Enterprises of Raw Material Processing and Assembling, and you are authorized to execute it subsequently. If there are any problems in execution, please report them to the Ministry of Foreign Trade and Economic Cooperation (MOFTEC) (the Development Department) in time.
For the Approval Certificates issued before August 1st, 1999, the deadline of the annual examination is September 30th, 2000.
It is heelry.
Enclosure: As follows
Supplementary documents
The Provisional Regulations of Annual Examination of the Approval Certificate for the Overseas Enterprises of Raw Material Processing and Assembling
In order to enhance the management of the businesses of overseas raw material processing and assembling (the Businesses of OMPA for short), and accelerate the sustainable, stable and healthy development of the Businesses of OMPA, the regulations of annual examination of the Approval Certificates for the Overseas Enterprises of Raw Material Processing and Assembling (Approval Certificates for short) have been formulated as follows:
1 The range of annual examination
For the enterprises engaged in the Business of OMPA approved by the state, their Approval Certificates are required to be presented for the annual examination.
2 The time of annual examination
Every time when the Approval Certificate expires one year since its issue, the main body of investment of the Overseas Enterprises of Raw Material Processing and Assembling (the Main Body of Investment) should handle the annual examination with its Approval Certificate in two months.
3 The process of annual examination
The investor which belongs to national enterprises should handle its annual examination directly with the Ministry of Foreign Trade and Economic Cooperation (MOFTEC).
The investor which belongs to other enterprises should handle its annual examination with local provincial agencies (Commissions/Bureaus/Offices of Foreign Trade and Economic Cooperation, FTEC).
4 The materials of annual examination
(1) The registration form for annual examination (Annex 1);
(2) The balance sheet and the statement of gains and losses of the previous year of the overseas enterprises in the previous year;
(3) The export statistics of the previous year of the investor, the raw material export statistics of the previous year of the overseas enterprises, and related evidentiary materials;
(4) The materials that the business agency of our embassy assessed the businesses of the overseas enterprises;
(5) The summary of the businesses of overseas enterprises;
(6) The original approval certificate;
(7) The duplicated registration document of overseas enterprises.
5 The MOFTEC or the provincial agency of FTEC will examine and verify the materials of annual examination in 10 workdays, and affix the special seal of annual examination for the Overseas Enterprises of Raw Material Processing and Assembling on the Annual Examination Column of the Approval Certificate, which have passed the annual examination. (Annex 2)
6 The overseas enterprises, whose Approval Certificate does not receive, or pass the annual examination, will not bear the corresponding favorable policies of the nation. For the overseas enterprise that belongs to one of the following, its Approval Certificate will not be qualified:
(1) The amount of exports was under as $0.5 million dollars for two successive years;
(2) The business has been in deficit for three years;
(3) There exist unlawful or violating behaviours.
(4) Did not provide business materials on time according the requirements, or did not obey the management of our embassy.
7 Every provincial agency of FTEC should submit the seals to the MOFTEC for the record before August 15th, 2000.
8 Every provincial agency of FTEC should submit the report of annual examination to the MOFTEC for the record from January 1~15 and July 1~19 every year.
9 The MOFTEC is responsible for the explanation of the provisional regulations.
10 The provisional regulations are to be put into effect from the date of its issuance.
Annex 1
The sample seal of annual examination by the MOFTEC is as follows:
The Ministry of Foreign Trade and Economic Cooperation
Special Seal of Annual Examination
The Overseas Enterprise of Raw Material Processing and Assembling
Annex 2
The sample seal of annual examination by the provincial agency of FTEC is as follows:
The Commissions/Bureaus/Offices of Foreign Trade and Economic Cooperation,Province or Municipality
Special Seal of Annual Examination
The Overseas Enterprise of Raw Material Processing and Assembling |