State Administration of Foreign Exchange and Ministry of Commerce, Circular on Issues Relevant to the Repeal of the «Trial Measures for Verification of Foreign Exchange Received from Exports»

国家外汇管理局、商务部关于废止《出口收汇考核试行办法》有关问题的通知

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Policy encouraging foreign exchange from exports removed.

Issued: June 14 2007
Effective: July 1 2007

Main contents: The Circular states that the Trial Measures for Verification of Foreign Exchange Received from Exports (Hui Fa [1999] No.103) shall be repealed. All work on the verification of foreign exchange received from exports for the year 2006 shall be terminated. Regions that have already announced the verification results of foreign exchange received from exports for the year 2006 shall cease applying the relevant reward, penalty or classification measures (Article 1).

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