Write-off

Write-off in foreign trade specifically refers to the process under processing trade where an enterprise imports bonded materials, processes them into finished products for re-export, declares to customs the actual consumption, remaining materials, and losses, and upon customs verification, the bonded supervision is lifted. Its core is 'offsetting imports with exports,' ensuring all imported materials are legally disposed of. Usage scenarios: processing trade manual/account write-off, export proceeds write-off (largely abolished), tax rebate write-off, etc. Precautions: Write-off must be completed within the prescribed time limit, documents must be complete and data accurate, remaining materials must have duties paid or be returned, otherwise customs penalties may apply. Difference from 'tax rebate': Tax rebate is refunding paid taxes, write-off is lifting bonded guarantees or supervision; difference from 'customs clearance': Customs clearance is release of goods, write-off is termination of subsequent supervision. Foreign trade practitioners need to distinguish different types of write-off to avoid confusion.