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China's Packaging Machinery Market Research Report - PMMI

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(3) Purchase foreign currency with relevant banks or opening a L/C after the<br />

importation has been approved.<br />

(4) When the imported machinery has arrived at the port of destination, the same<br />

I&E company declares with Customs and the Commodity Inspection Bureau<br />

examines the imports. The goods are granted permission with the Bureau’s<br />

approval and the tariff and duty paid.<br />

(5) The last step—the I&E company notifies the domestic customers of the delivery.<br />

The procedures are shown in the graphic below:<br />

Chinese<br />

Customer<br />

(1) Negotiation <strong>PMMI</strong> Member<br />

(2) Contract<br />

Chinese I&E<br />

Company (3) Contract<br />

Provincial<br />

Administrat ive<br />

Offices for<br />

Mechanic-Electric<br />

Products<br />

Bank<br />

(4) Permission (6) Delivery<br />

(5) Purchase of Foreign Exchange,<br />

Issue of L/C<br />

(7) Inspection of Imported<br />

Commodity<br />

Commodity<br />

Inspection Bureau<br />

Customs Office<br />

Reach the User<br />

(8) Declaration, tariff.<br />

60

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