Meaning
Terminal accounting procedures in Chinese customs administration close out electronic processing trade handbooks by comparing imported raw material quotas against exported finished goods and approved scrap rates. Periodic e-manual reconciliation allows manufacturing enterprises to discharge tax liabilities accumulated during bounded manufacturing runs under customs supervision. Local customs bureaus enforce this settlement protocol pursuant to the Administrative Regulations of the Customs of the People’s Republic of China on Processing Trade Enterprises.
Successful completion releases financial guarantees and establishes final duty exemption status for executed export orders.
Data Settlement
Enterprise accounting systems transmit material utilization figures directly to customs databases at specified operational intervals. During e-manual reconciliation, regulatory software cross-checks import declarations, bill of materials formulas, and export shipping manifests to verify component consumption. Digital alignment between corporate inventory logs and government records serves as the prerequisite for closing an administrative handbook.
Discrepancy Assessment
Material balance mismatches trigger administrative reviews to determine whether inventory shortages stem from waste, unauthorized domestic sales, or accounting errors. Customs officers calculate differential ratios between declared input norms and actual production outputs during verification audits. Unexplained deficits in imported inventory require conversion to ordinary import status, forcing the enterprise to pay retroactive tariffs and applicable deferred interest charges.
Liquidation Procedure
Official closure of the electronic handbook requires final administrative clearance from local customs authorities. Following audit approval, customs officers cancel registration records, release escrow deposits, and return outstanding bank guarantees held against imported components. Failure to conclude e-manual reconciliation within established regulatory timeframes restricts future processing trade registration and suspends duty-free import privileges.
