Foreign Exchange Verification Form

The Foreign Exchange Verification Form is an important certificate in the history of China's foreign exchange administration, with the full name being the Export Proceeds Verification Form, uniformly printed and issued by the State Administration of Foreign Exchange. Its core function is to supervise whether export enterprises repatriate their export earnings in foreign exchange back into the country on time and in full, in order to complete the foreign exchange collection verification procedures. Its usage scenarios mainly cover export customs declaration, foreign exchange collection, and verification: when an enterprise declares exports to customs, it must submit the verification form; after the bank receives the foreign exchange, it handles settlement or crediting based on the verification form; finally, the enterprise takes the verification form, customs declaration form, foreign exchange collection voucher, etc., to the foreign exchange bureau to complete verification. Precautions include: the verification form must be kept properly, and if lost, it must be reported promptly; the verification form has a validity period, and if overdue, an explanation is required; different trade methods (such as general trade and processing with imported materials) have different verification requirements. Difference from other terms: after the 2012 foreign exchange reform, the verification form was abolished, and enterprises no longer need to handle verification, shifting instead to aggregate verification and classified management. Therefore, this term mainly applies to foreign trade business before 2012, and current practitioners only need to understand its historical role.