Announcement of Shanghai Customs on Developing Futures bonded Delivery Business in China (shanghai) Pilot Free Trade Zone
(1) Bonded Standard Warehouse Receipt Pledge Business Filing Form (see Annex 3);
(2) Bonded Standard Warehouse Receipt Pledge Bill (see Annex 4);
(3) The original and copy of Registration Certificate of the People’s Republic of China Customs Declaration Authority;
(4) Bank Guarantee Letter; and
(5) Other documents required by the customs.
6. The delivery warehouse shall mark the goods with pledge signs.
The pledged warehouse receipt may not be delivered, transferred, taken or registered for loss reporting.
If a warehouse receipt holder proposes to remove the pledge, the customs shall process the formalities for removal of pledge against the Bonded Standard Warehouse Receipt Pledge Business Removal Filing Form (see Annex 5) produced by the warehouse receipt holder and the certification issued by the bank. No removal in batches may be done with the warehouse receipt under the same pledge contract item.
After the warehouse receipt pledge expires, the warehouse receipt holder, if unable to remove the pledge, shall first pay the customs duties or make priority payment of the customs duties with the money realized from the pledge and submit relevant permits and bills.
This announcement shall be effective as of the date of promulgation.
It is hereby announced.
Annex: 1. Shanghai Futures Exchange Client Bonded Delivery Statement
2. Shanghai Futures Exchange Bonded Standard Warehouse Receipt Bill
3. Bonded Standard Warehouse Receipt Pledge Business Filing Form
4. Bonded Standard Warehouse Receipt Pledge Bill
5 Bonded Standard Warehouse Receipt Pledge Business Removal Filing Form
Shanghai Customs
April 21, 2014