TNAG-0171-FCO40-207-Effect-of-UK-s-economic-measures-on-exports-from-Hong-Kong-1969 — Page 40

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Ref.: EIC 294/2

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Commerce and Industry Department,

Fire Brigade Building, Hong Kong.

3rd December, 1968.

Dear Sirs,

Notice to Exporters, Series 1 (Britain): No.19/68

Export of Restrained Cotton Textiles to Britain:

Import Deposit Scheme

Fabrics Imported for Further Processing and Subsequent Export

Information has been received that fabrics imported for further processing and subsequent export will, on certain conditions, be exempt from the Import Deposit Scheme.

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Under this exemption, an importer will receive relief from paying the import deposit provided that -

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(a) He is the person who will do the finishing and/or making up.

(Relief will not be granted if the importer is an agent who passes on the goods to a third party for further processing.) (b) He has made arrangements, prior to the arrival of the goods,

with the Customs and Excise Office, which, after examining his records to ascertain the volume of imports to be finished and made up for export, would issue a C. & E. Form 995 authorizing exemption from payment of the import deposit. (But, if the importer delays making this approach until after the goods have landed in Britain, he will have to pay the import deposit to obtain their release and will not get a refund until such time as he has contacted the Customs and Excise Office to have his records examined.)

You are reminded that current licensing and quota arrangements remain unchanged and all shipments of restrained cotton textiles will continue to be debited against company quotas.

Yours faithfully,

JCR/DSWW/hc

Bu hone

(D.S.W. Wong)

for Director of Commerce and Industry

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