Customs Credit Management Policy for Law-abiding and Self-disciplined Enterprise

Ⅳ. Obligation
ⅰ. Internal control management system;
Complete organization and post description are established, with clear responsibility categorized for top or sectional management and operational clerks. Meanwhile, integrated operational system of import and export, financial management, warehouse management and contract management are also required.

ⅱ. Declare truthfully;
Declare to the customs in set form the trustworthy and genuine information of goods import and export. There are two basic requirements. One is the content of entry should be in line with that of documents enclosed. So does the content of entry to goods declared. Namely, goods declared should be the same as goods import or export.

ⅲ. Complete financial management system:
1. Strictly set accounting items, record, bookkeeping, statements or reports according to the Accounting Law, Business Accounting Principles, General Rules of Business Finance.

2. Keep complete and genuine record on goods import and export, deposit, processing, disposal and sale, etc.

3. Preserve the accounts and documents at the registration place within the border. To financial management by computer, the accountants should be responsible to print regularly the record in paper or copy in whole in CD, floppy disk or flash. The record is not allowed to take outside the boundary.

ⅳ. Operational standard;
1. Present on time the processing trade notebook to the customs to be cancelled after verification. Declare the unit consumption quantity of raw materials truthfully.

2. Pay customs duty in time and lawfully.

3. Use or preserve goods under customs supervision and control properly in accordance with laws and regulations. Insure the whole import and export activities are under customs supervision all the time.

ⅴ. Cooperate actively with the customs in anti-smuggling, post-clearance audit, supervision on price and classification, etc., providing information related to smuggling. Also provide information on price, trade, market, business management and consultation about certain products and certain business regularly.

ⅵ. Assign qualified personnel to operate the import and export business. Organize law and business training course for brokers and managers regularly. Educate them to update the cognition of abiding the law and trustworthiness.

Ⅴ. Note
ⅰ. Once the Credit Enterprise of Guangzhou Customs gets involved in smuggling or violation of customs regulation and has been filed on case, all the facilitation will be suspended temporarily.

ⅱ. Guangzhou Customs hold a dynamic control on Credit Enterprises. Once the condition is failed to meet the standard of approval, the customs will withdraw the qualification of "Credit Enterprise of Guangzhou Customs".

ⅲ. Guangzhou Customs will trace the entry error and analyze regularly. For those whose monthly error rate above five percent, the customs will issue revision notice. For those still above five percent after two continuous notices, the customs will withdraw the qualification of "Credit Enterprise of Guangzhou Customs".

ⅳ. If Credit Enterprise doesn’t pay tax in time, the General-security treatment will be suspended temporarily. If it is serious, the customs will withdraw the qualification of "Credit Enterprise of Guangzhou Customs".

ⅴ. If the customs regard Credit Enterprise with suspicion of valuation fraud and have the tax repaid after PCA (post-clearance audit), the customs will issue revision notice. For those still have valuation fraud after two continuous notices, the customs will withdraw the qualification of "Credit Enterprise of Guangzhou Customs".

ⅵ. Whenever the Credit Enterprise or its staff bribe to the customs officer and is testified, the customs will withdraw its qualification of "Credit Enterprise of Guangzhou Customs".