(1) Special support to ensure foreign exchange earning. The use of the textile fund must be linked to export, and it should be used to expand the ability of earning foreign exchange through export and improve the quality, grade and processing depth of export products to meet the needs of international market competition.
(two) pay attention to efficiency, merit-based arrangements. The use of textile funds should conform to the requirements of national industrial policies, implement relevant supporting conditions, and give priority to technical transformation projects of export products, focusing on projects with short cycle, less investment, quick results and more foreign exchange, especially famous, excellent, special and new export products with market potential.
(three) paid working capital, who borrowed who also, all enterprises that use the textile fund should be returned on schedule, and pay the use fee according to the regulations. Article 4 The textile fund shall be used by:
(1) Textile enterprises that provide textile products for various export enterprises;
(two) all kinds of import and export enterprises directly engaged in textile export business;
(three) other enterprises approved to use the textile fund. Article 5 The scope of use of textile funds includes:
(a) technical transformation focusing on improving the quality and grade of export products and increasing the production capacity of export deep-processed products;
(two) to support the renovation of existing production and operation facilities of textile enterprises and the supplementary investment of some production and operation construction projects;
(three) support the development of famous, excellent, special and new export products;
(four) homemade or purchase the necessary production and operation equipment and appliances;
(five) other aspects of promoting the development of foreign trade. Article 6 MOFTEC shall set up a special account for the recycling of textile funds, which shall be used for special purposes and managed by the special account. Article 7 Application and approval procedures for the use of textile funds.
Applications to MOFTEC for the use of textile funds should be handled through two channels: economic and trade commissions of all provinces, autonomous regions, municipalities directly under the Central Government, cities under separate state planning, foreign trade bureaus (hereinafter referred to as "provincial economic and trade departments") and import and export companies directly under the central government and ministries (hereinafter referred to as "head offices"). Specific declaration and approval procedures and requirements are:
(a) where the application for the use of the textile fund (hereinafter referred to as the "user"), must be based on the feasibility study of the project, put forward a written report on the use of the textile fund, truthfully fill in the application form for the textile fund, and report it to the provincial economic and trade department or the head office together with the feasibility study report of the project.
(2) The provincial economic and trade department or the head office shall carefully examine the application materials submitted by each user, and report the projects that meet the relevant provisions of these Measures (with complete application materials) to the MOFTEC for unified examination and approval.
(3) The provincial economic and trade departments and the head office should have official documents when reporting projects to MOFTEC, and they cannot sign and seal the original messages or project materials of users.
(four) after the application is approved by the Ministry of Foreign Trade and Economic Cooperation, the provincial economic and trade department (head office) or the user should contact the foreign businessmen.
The Ministry of Foreign Trade and Economic Cooperation signs loan contracts and goes through loan procedures. Article 8 The service life of the textile fund shall be determined according to the scale and benefit of the investment project, which is generally one to two years. Under special circumstances, the service life may be appropriately extended upon approval. Article 9 The specific criteria for the payment of the use fee by an approved unit using the textile fund are:
(1) The annual interest rate for repayment within one year (including one year) is 2%.
(2) The annual interest rate for repayment period of more than one year and less than two years (including two years) is 2.5%.
(three) the annual rate of return for more than two years is 3%. Article 10 The use fee shall be returned according to the actual repayment amount of the enterprise, and the fees collected shall be returned to the special account of the Textile Fund to participate in recycling. Article 11 In order to ensure the normal turnover of textile funds, enterprises that use textile funds must promptly return the textile funds and royalties within the prescribed time limit. If it cannot be returned on schedule, a demurrage fee of 1‰ will be added daily from the due date, and the demurrage fee will be returned to the special account of Textile Fund to participate in the turnover. Twelfth provincial economic and trade departments and the head office should strengthen the management of the use of textile funds, responsible for the timely recovery of expired textile funds, and together with the use fee and demurrage fee, in order to continue to use next year. For units that cannot be recovered and handed in on time, no new loan projects will be arranged in principle. Thirteenth enterprises using textile funds should take the initiative to report the progress of the project and the use of funds to the competent authorities in a timely manner after the textile funds are allocated and started to be used. The relevant provincial economic and trade departments and the head office shall report the progress and economic benefits of the textile fund projects in the previous year to the Ministry of Foreign Trade and Economic Cooperation in writing before the end of each year. Fourteenth the use of textile funds, to strengthen financial supervision, establish an accounting system, and take the initiative to accept the supervision and management of the local financial department, carefully check the use of textile funds. Found in violation of the loan contract, improper use or misappropriation of funds, should be corrected in time to ensure earmarking and efficiency.