Laws of the People's Republic of China

Circular of the State Development Planning Commission, the Ministry of Finance and the State Administration for Entry-exit Inspection and Quarantine on Lowering the Charging Standard of the Quality Inspection of Processing Trade and Foreign Investment Property Appraisal

JiJiaGe [1999] No.472 April 23, 1999

The price bureaus (commissions) and finance departments (bureaus) of various provinces, autonomous regions and municipalities directly under the Central Government, the directly subordinate bureaus for import and export commodity inspection :

For the purpose of easing the burden of enterprises and supporting the expansion of exports of foreign trade, it is decided that the charging standard of the quality inspection of processing trade and foreign investment property appraisal should be lowered temporarily, the matter concerned is notified as follows:

I.

The quality inspection of processing trade

(I)

The charge for the quality inspection of the incoming materials processing goods is levied at 70% rate of the standard at present prescribed by the state, the charge of co-test is levied at 35% rate of the standard at present prescribed by the state, the charge of verification test is levied at 17.5% rate of the standard at present prescribed by the state .

The importing material of incoming material of processing trade is not imposed quality test at all.

(II)

The charge for the quality inspection of the exported goods of processing trade of incoming materials is levied at 70% rate of the standard at present prescribed by the state, the charge of co-test is levied at 35% rate of the standard at present prescribed by the state, verification inspection is levied at 17.5% rate of the standard at present prescribed by the state

II.

The appraisal of foreign investment property

(I)

the range of appraisal

The range of appraisal of foreign investment property is confined to the foreign-funded enterprises and various foreign compensation trades. The overseas investors (Hong Kong, Macao and Taiwan included) invest by entity or the foreign-funded enterprises entrust the investors abroad to purchase the property from abroad by the investment fund.

(II)

the charging standard

1.

charging 2.5бы of property value which is under 5 million dollars, changing from the original charge of 4бы, 3бы and other various rate of property value

2.

charging 2бы of property value which is between 5 million dollars and 10million dollars

3.

charging 1бы of property value which is between 10 million dollars and 0.1 billion dollars

4.

charging 0.5бы of property value which is between 0.1billion dollars and 0.15 billion dollars

5.

free of charge for the parts of the property value of over 0.15 billion dollars

(III)

There is no charge for quality inspection if the appraisal of foreign investment property and quality inspection are handled together.

III.

The hereinabove charging standard enter into force as of May 1, 1999.The hereinabove regulations cease execution until the new charging standard of inspection and quarantine of the imports and exports of come out.