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As the Market directly invoices Links of London PiG Charm customer,it appears as if trade is carried out by a domestic company where in reality it is not,circumventing PRC national regulations. Using a Waigaoqiao Company to conduct domestic trade should be categorized as risky business.An overreliance on using a Waigaoqiao Company for domestic trade can prove disastrous should PRC officials ever decide to enforce the ban on domestic trade from Waigaoqiao.Theoretically,the penalties that may be imposed range from a fine Links of London the cancellation of the business license.However,Waigaoqiao authorities do not enforce this prohibition and even allow,quite easily,domestic trading,when it is conducted within the same corporate group. Nevertheless,such a process can prove costly and globally inefficient because Links of London Pink HearT Charm Signature Necklace duties,VAT,and other import and exportrelated taxes will be levied.Adding these taxes on top of the fee that must be paid to the Market assisting this domestic trade makes domestic trade costinefficient and burdensome in terms of formalities to fulfill. Despite the risks inherent in conducting domestic trade through Waigaoqiao Company,it is reported that many investors are engaged in such trade.Foreign investors seem to be confident that the central government will not crack down on this illegal practice since the PRC is showing evidence of its willingness to further open up the distribution sector in a bid to enter the World Trade Organization WTO in the year. OTHER PERMITTED BUSINESS ACTIVITIES In addition to trading,a Waigaoqiao Links of London Power Walk Charm other main function is bonded warehousing and processing.A Waigaoqiao Company﹑s warehouses can store goods bond and tax free,facilitating the storage of goods that are to be shipped into the PRC for sale or aftersales service purposes,or abroad at some later date,and the processing of such goods.