To meet the needs of socialist market economic development, to further promote China's silver production and consumption of white, silver achieve rational allocation of resources, management reform and silver related supporting policies have been approved by the State Council, relevant issues are hereby notified as follows:
First, in accordance with the requirements of the socialist market economy, the management system for the unified purchase of silver will be abolished, the silver market will be liberalized, and silver production enterprises will be allowed to meet directly with the production and sales of silver units.
Second, the removal of silver producers are exempt from value-added tax and special policy disbursement of funds of silver geological survey. The VAT collection method is specifically formulated by the State Administration of Taxation.
3. The license management system for the processing, wholesale and retail business of silver products (excluding silver coins) shall be cancelled, and the silver production and operation activities shall be managed in accordance with the relevant provisions of general commodities.
Fourth, support and encourage domestic silver production enterprises to organize silver exports in a planned manner. The export of silver (excluding silver coins, silver products and national stocks of silver) shall be handled in accordance with the Interim Measures for the Administration of Silver Exports formulated by the Ministry of Foreign Trade and Economic Cooperation (the method shall be issued separately).
5. Appropriate restrictions on the import of silver and its products. Imported silver and its products shall be handled in accordance with the Interim Measures for the Administration of Silver Imports formulated by the Bank and the General Administration of Customs (the method shall be issued separately).
6. Use the existing non-ferrous metal trading market to organize silver listing transactions. The specific implementation plan will be organized and formulated by the State Economic and Trade Commission.
7. In order to steadily promote the reform of the silver management system, the People's Bank of China will still properly retain the silver acquisition and placement business until the end of 1999 . From
8. During the retention of the silver acquisition and placement business, the silver purchased by the People's Bank of China shall meet the quality requirements of the current national standard No. 1 silver and No. 2 silver promulgated by the State Bureau of Technical Supervision. Placing silver continues to be offered in both RMB and foreign exchange. The sale price of silver was formulated by the People's Bank of China with reference to the international market and domestic supply and demand.
October 18, 1999
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Peripheral Devices and Consumables
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Shijiazhuang Helper Food Machinery Co., Ltd. , https://www.processings.nl