GACC Announcement No.61, 2014 on China Everbright Bank in Processing-Trade Deposit Account Booking
[2014-08-19 18:03:30]
To facilitate the processing-trade deposit account booking for enterprises (hereinafter as"account booking"practice), as from August 18, 2014, China Customs will add China Everbright Bank (CEB)-based account booking transaction on the business sites of Nanjing, Qingdao, Guangzhou and Huangpu customs districts for a trial.
Relevant matters are hereby announced:
1. Areas on the Trial
The option of CEB-based account booking transaction will be provided on the business sites of the following customs:
Suzhou Industrial Park Customs House under Nanjing Customs;
Dagang and Huangdao Customs Houses under Qingdao Customs;
Nanhai Office of Foshan Customs House under Guangzhou Customs;
Dongguan Customs House under Huangpu Customs
2. Account Booking Deposit Account Setup
Upon their first setup of account books, enterprises shall go through the formulation with banks of special deposit account. When setting electronic handbooks, an enterprise shall select an intended bank at its end and receive customs-issued bank contact sheet for the deposit account at the entry end; after that, the enterprise shall undertake the account formulation with the bank it has selected by submitting its Business License, Customs Registration Certificate and other documents required.
Under the same processing-trade contract, a selected bank (the BOC, ICBC or CEB) and an account payment mode (deposit or tax guarantee) shall not be changed.
3. Account Book Setup,Alteration, Verification and Cancel
Based on receipts from the pre-entry end, an enterprise may undertake processing trade handbook formulation, contract alteration and verification with the customs authorities by submitting bank-issued electronic notices on deposit account registration, alteration and verification.
4. Deposit Payment & Supplement
Where cash deposit is needed for actual account book, an enterprise shall pay or supplement the deposit to the selected bank by submitting customs-issued Setup Contact Sheets or Bank Account Alteration Contact Sheet.
5. Tax Guarantee Open and Alteration (including extension)
Where the Tax Guarantee is chosen, an enterprise may, after applying to the bank for open or alteration, deliver the Tax Guarantee original to local supervisory customs by itself or via the bank.
Where the customs issue an Tax Guarantee Extension Notice, an enterprise shall apply to the bank for the extension by submitting the Notice and extension application letter.
6. Account Suspension, Cessation and Closure
(1) Account Suspension and Cessation
Related contact sheets and notices shall all be transmitted electronically. During the period of account suspension and cessation, the bank will not return the deposit to enterprises.
(2) Account Closure
Where the Verification Contact Sheet issued by the customs to the bank contains the indication of"account cessation", the bank may, after confirming the account balance is zero, conduct the closure of the account and issue the Account Closure Notice.
If the Tax Guarantee is used for the deposit account, the Tax Guarantee will automatically become invalid along with the cancel of the account.
7. Exceptions and Emergencies
(1) Error Correction
If an enterprise proposes correction of customs-issued Alteration Contact Sheet, the enterprises may, by submitting the bank-issued Certificate for Enterprise Non-payment, apply to the customs for the correction and re-issue of the Alteration Contact Sheet.
(2) Emergency Handling
As regards the processing trade business networked in account management, if the bank fails by technical reason to receive the account contact sheet, the customs may issue paper contact sheet to an enterprise for the deposit transaction; if the customs fail by technical reason to receive the account contact sheet, the bank may issue paper notice to an enterprise for the account registration.
8. Document Transmission and Time-limit
(1) As regards the Setup Contact Sheet, Alteration Contact Sheet, Bank Deposit Account Verification Contact Sheet, Bank Deposit Account Registration Notice, Bank Deposit Account Alteration Notice, Bank Deposit Account Verification Notice, Bank Deposit Account Suspension Notice, Bank Deposit Account Cessation Notice, and Bank Deposit Account Closure Notice, all of them shall be transmitted in electronic files over China E-Port platform between the customs and the banks. And the enterprises concerned shall undertake the account transactions within three workdays after the transmission of the electronic files.
The Setup Contact Sheet is valid for 80 days upon its issue,and the customs will delete the invalid one and corresponding handbooks.
(2) The paper documents, including Tax Guarantee and its revision letter, claim letter, reissuance application, Deposit Account Exceptions Contact Sheet, Tax Pay & Transfer Notice, and Customs Special Payment Letter, shall be directly delivered between the customs and the bank.
(3) Other paper documents shall be timely delivered by the applicant enterprises to local customs and the bank.
The General Administration of Customs of China (GACC)
August 13,2014
Relevant matters are hereby announced:
1. Areas on the Trial
The option of CEB-based account booking transaction will be provided on the business sites of the following customs:
Suzhou Industrial Park Customs House under Nanjing Customs;
Dagang and Huangdao Customs Houses under Qingdao Customs;
Nanhai Office of Foshan Customs House under Guangzhou Customs;
Dongguan Customs House under Huangpu Customs
2. Account Booking Deposit Account Setup
Upon their first setup of account books, enterprises shall go through the formulation with banks of special deposit account. When setting electronic handbooks, an enterprise shall select an intended bank at its end and receive customs-issued bank contact sheet for the deposit account at the entry end; after that, the enterprise shall undertake the account formulation with the bank it has selected by submitting its Business License, Customs Registration Certificate and other documents required.
Under the same processing-trade contract, a selected bank (the BOC, ICBC or CEB) and an account payment mode (deposit or tax guarantee) shall not be changed.
3. Account Book Setup,Alteration, Verification and Cancel
Based on receipts from the pre-entry end, an enterprise may undertake processing trade handbook formulation, contract alteration and verification with the customs authorities by submitting bank-issued electronic notices on deposit account registration, alteration and verification.
4. Deposit Payment & Supplement
Where cash deposit is needed for actual account book, an enterprise shall pay or supplement the deposit to the selected bank by submitting customs-issued Setup Contact Sheets or Bank Account Alteration Contact Sheet.
5. Tax Guarantee Open and Alteration (including extension)
Where the Tax Guarantee is chosen, an enterprise may, after applying to the bank for open or alteration, deliver the Tax Guarantee original to local supervisory customs by itself or via the bank.
Where the customs issue an Tax Guarantee Extension Notice, an enterprise shall apply to the bank for the extension by submitting the Notice and extension application letter.
6. Account Suspension, Cessation and Closure
(1) Account Suspension and Cessation
Related contact sheets and notices shall all be transmitted electronically. During the period of account suspension and cessation, the bank will not return the deposit to enterprises.
(2) Account Closure
Where the Verification Contact Sheet issued by the customs to the bank contains the indication of"account cessation", the bank may, after confirming the account balance is zero, conduct the closure of the account and issue the Account Closure Notice.
If the Tax Guarantee is used for the deposit account, the Tax Guarantee will automatically become invalid along with the cancel of the account.
7. Exceptions and Emergencies
(1) Error Correction
If an enterprise proposes correction of customs-issued Alteration Contact Sheet, the enterprises may, by submitting the bank-issued Certificate for Enterprise Non-payment, apply to the customs for the correction and re-issue of the Alteration Contact Sheet.
(2) Emergency Handling
As regards the processing trade business networked in account management, if the bank fails by technical reason to receive the account contact sheet, the customs may issue paper contact sheet to an enterprise for the deposit transaction; if the customs fail by technical reason to receive the account contact sheet, the bank may issue paper notice to an enterprise for the account registration.
8. Document Transmission and Time-limit
(1) As regards the Setup Contact Sheet, Alteration Contact Sheet, Bank Deposit Account Verification Contact Sheet, Bank Deposit Account Registration Notice, Bank Deposit Account Alteration Notice, Bank Deposit Account Verification Notice, Bank Deposit Account Suspension Notice, Bank Deposit Account Cessation Notice, and Bank Deposit Account Closure Notice, all of them shall be transmitted in electronic files over China E-Port platform between the customs and the banks. And the enterprises concerned shall undertake the account transactions within three workdays after the transmission of the electronic files.
The Setup Contact Sheet is valid for 80 days upon its issue,and the customs will delete the invalid one and corresponding handbooks.
(2) The paper documents, including Tax Guarantee and its revision letter, claim letter, reissuance application, Deposit Account Exceptions Contact Sheet, Tax Pay & Transfer Notice, and Customs Special Payment Letter, shall be directly delivered between the customs and the bank.
(3) Other paper documents shall be timely delivered by the applicant enterprises to local customs and the bank.
The General Administration of Customs of China (GACC)
August 13,2014
Source: ETCN
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