1. the Declaration of

compensation trade import and export goods under the contract, by the cargo the consignor or his agent to the Customs truthfully, and submit the following documents: import and export goods declaration (light green);Manual for the mind; on the business and transport documents: invoices, packing lists, bills of lading, waybill etc; other documents required for customs.

　　2. the control

under the contract involving the State should tax management of goods, imports, customs bonded regime regulation, with contracts and the registration manual tax inspection, exports, as a general tradingRegulations.

　　3. the relevant provisions of

(1) except with the approval in the interim grace period of compensation trade project, cancel compensation since April 1, 1996 on the basis of imported processing equipment are exempted from tariffs and import-related taxes regulationThese trade items imported processing equipment exempted from tariff and import linkage tax provisions, above trade project of equipment imported by general trade regulations apply. Their imported equipment according toChapter tax.

(2) before April 1, 1996 (without date), within the purview of its approval, the foreign economic and Trade Department approved offset projects according to the law, and on May 15, 1996 (date) before import,As the preferential policy. On equipment imports in US $ 30 million (not including additional investment after December 28, 1995) above, through the State Secretary of the Ministry of foreign trade and economic cooperationAfter approval, the grace period may be extended to December 31, 1997. On compensation trade contracts in compensation after the continue to export products and their export proceeds purchased equipment, customsGeneral trade imports and exports go through the relevant formalities:

　　 (3) provide repairs and other activities are more complex, and compensation provisions vary, so labour costs import price of compensation, not entitled to compensation Trade preferences.

　　(4) leasing company entrusted by leasing equipment imports in compensation trade and foreign line with offset provisions, are entitled to a compensation trade concessions such as leasing, lease leasing company optional setImports, sublet or lend it to engage in compensation trade and processing enterprises should pay taxes according to regulations.

　　(5) compensation trade export of compensating products, established principle, importing them to the provision of technical services of foreign, unless there are special circumstances, compensation could be importing them to specified on each third partyConsignee, triangle compensation. Introduction of v-compensation contracts, by my third party consignee, triangle compensation. Introduction of v-compensation contracts, should be made available by our business units,Technology and equipment of foreign, to head sales compensation products of third parties after the signature confirmation, parties are entitled to a compensation offer.

　　(6)Compensation technology devices, such as the case of an import licence or commodity for a specific product catalog management, should apply for an import permit or to outside trade authorities reported that the State electricalImport and export Office for approval. Customs from the import permits or are going through the formalities of mechanical and electrical products import certificate.

　　(7)Compensation under the imported technology and equipment, from the date of import to the compensating products exported until full reimbursement of equipment price, customs supervision of the goods. Without the foreign economic and Trade DepartmentAnd reported to the competent customs license, no units or individuals are not allowed to sell, transfer or withdrawal of diversion. If for any reason required to be sold, with the consent of the above approval of relevant departmentsThe permission should be handled according to the general trade import procedure.