What is the Export Foreign Exchange Verification Form? How to fill it out?

What is the Export Payment Verification Form?

The export exchange verification form is a voucher with a unified number and validity period, issued by the State Administration of Foreign Exchange. It is used by export units to declare exports to the customs, handle export exchange collection with designated foreign exchange banks, handle export exchange verification with the State Administration of Foreign Exchange, and apply for export tax refunds with tax authorities.

How to fill in the export exchange verification form?

1. Name of exporting company

This column should be filled with the full name of the Chinese foreign trade company or enterprise with export rights that signs or executes export trade contracts. When entrusting customs declaration, the name of the entrusting unit should be filled in; when entrusting export, the export contract is signed in the name of the agent export unit and is responsible for collecting foreign exchange, the name of the agent unit should be filled in; when two or more export units jointly export, the name of the export unit responsible for handling customs declaration procedures should be filled in.

2. Numbering

This column is pre-numbered by the local foreign exchange administration that issues the blank verification form.

3. Shipping date

The date of delivery refers to the date on which the bank delivers the documents under the letter of credit or collection. This column shall be filled in by the entrusted bank or the paying bank according to the actual date of delivery of the documents to the outside. If the documents are delivered by the exporter itself, the actual date of delivery of the documents to the outside for payment shall be filled in by the exporter itself.

4.BP/OC number (Bill Purchased/Outward Collection)

BP number refers to the number of the negotiation notice under the letter of credit, and OC number refers to the number of the collection order under the collection item. This column shall be filled in by the entrusted bank or the paying bank according to the number of the negotiation notice under the letter of credit or the number of the collection order under the collection item.

If the export is carried out with self-posted documents, fill in "self-posted documents" in the BP/OC number column.

5. Settlement/collection date

This column is filled in by the paying bank with the actual date on which the payment for goods is received from the foreign bank or importer.

6. Relevant fees and payment processing methods

The relevant expenses and payment treatment methods refer to the ancillary expenses under the export item and the amount of payment for goods that is approved to be retained in cash. When filling in the form, if an item occurs among the listed items, mark "√" in the "□" in front of the item and fill in the amount of the expense. If the item does not occur, leave it blank.

7. Customs approval and release

After the customs has reviewed the declaration form and the export exchange settlement form and verified that they are correct, they will stamp "Verified" in this column and release the goods.

8. Remarks of the Trustee Bank/Paying Bank

This column shall be filled in by the entrusted bank or paying bank when necessary based on the collection situation.

9. Exporter Remarks

This column shall be filled in by the exporter when necessary based on actual conditions.

10. Comments on write-off by the foreign exchange administration department: This column shall be filled in by the local foreign exchange administration department based on the actual write-off situation.

11. Quantity and total price of exported goods

This column should be filled in with the type, quantity, transaction conditions, total price and currency of the export commodities to be receivable according to the contents reported in the customs declaration form.

12. Methods of Receipt

This column must be filled in strictly according to the contract content. For each payment method, the immediate payment or forward payment and the forward payment days should be listed. If it is an installment payment method, the amount of each payment date should be listed.

13. Expected payment date

Fill in according to the financial payment date stipulated in the contract or the collection date estimated based on the contract.

The page for processing export foreign exchange verification of the State Administration of Foreign Exchange

The page for processing export foreign exchange verification of the State Administration of Foreign Exchange

14. Application for export exchange verification form

Before an exporting unit goes to the foreign exchange bureau to collect the verification form, it should first apply to the foreign exchange bureau for the verification form through the "China Electronic Port Export Foreign Exchange Collection System" according to actual business needs, and then go to the foreign exchange bureau to collect the verification form with the company's operator IC card and other prescribed credentials.

The State Administration of Foreign Exchange will issue verification forms to export units based on the number of verification forms applied for by the export units and the assessment level of export exchange verification, and transmit the electronic ledger data of the verification forms to the "China Electronic Port" data center.

Before the verification form is officially used, the export unit should stamp the unit name and organizational code barcode and stamp the unit official seal on the interleaving.

This is the end of the knowledge about export exchange verification form. If you want to get more information about export exchange verification form, please pay attention and we will continue to answer your questions~