The HEALTHSMILE International Trading team conducted intensive training on March 21 to enhance the ability of foreign exchange collection and payment to resist risks and serve customers.
How to receive and pay foreign exchange in compliance is always the focus of foreign trade enterprises, which is related to whether the final income of enterprises can be realized smoothly. In accordance with the general principle of foreign exchange management “who exports, who receives foreign exchange, who imports, who pays”, Enterprise A should receive foreign exchange for exporting goods by A, Enterprise B should pay foreign exchange for importing goods by B, and the subject of foreign exchange collection and payment should be consistent with the subject of import and export. If enterprise A wants to collect foreign exchange through enterprise B for its export goods and enterprise B wants to pay foreign exchange through enterprise A for its import goods, due to the mismatch between the capital flow and the goods flow at this time, the transfer of funds cannot be successfully completed in the bank, and the business verification of SAFE will also be received. Therefore, under normal circumstances, the subject of foreign exchange receipt and payment and the subject of import and export must be consistent. So, are there some special circumstances that allow the subject of foreign exchange receipt and payment to be inconsistent with the subject of import and export.
Ⅰ. Goods trade agent import and export business
In principle, the import and export business of the import and export business shall be received and paid by the agent. If it is import agent business, the principal may transfer the foreign exchange funds to the agent, or the agent shall pay after purchasing foreign exchange. If it is an export agent, after receiving the foreign exchange funds, the agent may directly transfer the foreign exchange funds to the principal, or transfer the RMB to the principal after the settlement of foreign exchange.
Ⅱ. It involves business within the special supervision area of the customs
When a foreign trade enterprise involved in the business within the special supervision area of the Customs conducts trade in goods and handles foreign exchange fund receipts and payments in the special supervision area of the Customs, if the import and export unit is another enterprise or institution due to business needs, the handling bank may, in accordance with the principle of trade exhibition, review the authenticity and rationality of the background of trade in goods and the relevant materials that the foreign exchange payment is inconsistent with the import and export entity, It can handle the receipt and payment of foreign exchange funds for enterprises, and indicate the words “non-declarant” in the postscript of income and expenditure declaration.
Ⅲ. Division and merger of enterprises
If the import and export entities and foreign exchange payment entities change due to division or merger of enterprises, relevant units may submit certification materials to SAFE and make explanations, and handle relevant business after approval by SAFE.
Ⅳ. Inconsistent subject under import donation
if the import subject is inconsistent with the payment subject under import donation, the foreign exchange management policy related to the donation business shall be followed. (Since the business is not common, it is recommended to communicate with the local SAFE in advance.)
Ⅴ. Market procurement trade
Under market procurement trade, foreign trade enterprises or individual industrial and commercial households entrust other agencies to declare exports, and can collect foreign exchange in their own name.
HEALTHSMILE International Trade team should take this learning as an opportunity, adhere to the concept of service first, hold the bottom line of financial risk, provide fast and safe services for global customers, prevent global supply chain risks, continue to purchase the best raw cotton, and ensure the quality of production team.
Post time: Mar-24-2025