Laws of the People's Republic of China

The General Customs Administration

Announcement of the General Administration of Customs on the Regulations Governing the Steel Billet Import Declaration by Enterprises with Foreign Investment

[2001] No.10

July 31, 2001

In order to prevent the excessive steel billet import from adversely impacting the domestic market and disrupting the import order, and according to the Urgent Circular on the Administration of Steel Billet Imports by Enterprises with Foreign Investment, the steel billet import declaration submitted by enterprises with foreign investment shall be handled by the relevant customs bureau according to the following stipulations:

I.

Starting from July 30, steel billet imports for producing domestically sold products by enterprises with foreign investment shall obtain customs clearance only upon presentation of the Import Registration Certificate of Specific Goods of Enterprises with Foreign Investment bearing the special seal for import examination and verification of enterprises with foreign investment issued by the Ministry of Foreign Trade and Economic Cooperation. For steel billet imports that arrive on July 30 or afterwards and without the aforementioned certificate, the relevant enterprise shall apply, after the arrival of its imported goods, to the Ministry of Foreign Trade and Economic Cooperation for a certificate bearing the Special Stamp for Import Examination and Verification of Enterprises with Foreign Investment within the prescribed time limit, otherwise the imported goods shall be handled as having no certificate.

II.

Customs bureaus shall handle relevant procedures for the check and clearance of the imported goods that arrived before July 30 if the importing enterprise can provide, within the time limit for late declaration, the certificate bearing the Special Stamp for Import Examination and Verification of Enterprises with Foreign Investment of the Ministry of Foreign Trade and Economic Cooperation. Otherwise, the steel billet imports shall be shipped back.

These provisions are not applicable to steel billet imports for processing trade.

This announcement has come into effect as of July 30, 2001.