Export agency steps
1、Conclusion of contract
Foreign trade companies negotiate with international buyers through trade fairs, etc. After signing a contract, the foreign trade branch will issue an order notice instead of a copy of the contract to inform the factory, which will make production preparations.
2、Acceptance of letter of credit
Letters of credit are usually used for settlement in international trade, and it is the general practice to wait for foreign investors to send letters of credit through their banks before proceeding. When signing the contract, the deadline should be clearly defined and the foreign trade company will be responsible for collection if it does not come due.
3、Notification of inspection and preparation of goods by the foreign trade company
After the opening of the letter of credit, foreign trade companies will also review the letter of credit according to the terms of the original contract, after the audit, leaving the original for future delivery of a single request for payment, and then send a copy to the factory. Factory see the letter of credit, formal arrangements for production. After the factory production is ready, should fill out the delivery order, and the product to the foreign trade company belongs to the warehouse.
4、Foreign trade export agent
After the foreign trade company warehouse receives the goods, the relevant departments immediately proceed to handle the shipment, including chartering, booking, commodity inspection, insurance, bill-making, customs clearance, etc.
5, Customs declaration
The customs declaration is filled out by a full-time customs officer, accompanied by relevant documents for customs supervision and inspection, and released after passing the tax payment.
6、Delivery of documents for negotiation and payment
Foreign trade company for the above procedures, obtain the bill of lading and other documents, together with the original letter of credit to the Bank of China and other foreign exchange banks to request negotiation payment.
7、Settlement and payment of foreign exchange
Foreign exchange bank negotiation payment, should be in accordance with the foreign exchange purchase price of the day, the exchange difference will be remitted into the RMB exchange bill, deduct the handling fee, etc., transferred to the foreign trade company.
8、Settlement costs
After the foreign trade company receives the settlement, deducting the original prepaid shipping, insurance, commodity inspection fees and other costs and their agency fees, should fill in the “settlement of the transfer”, the net amount of the plant.
After the product export declaration and the financial aspect of the tax rebate processing, the entrusted enterprise will fill in the “Export Product Tax Rebate Application Form” on a monthly and ten-day basis, and at the same time provide relevant certificates (copies) such as shipping tickets, and attach the “Export Product Agent Certificate” issued by the competent export tax rebate department of the enterprise’s location.
What are the procedures for export customs declaration?
(i) Declaration.
1. the consignor of export goods according to the provisions of the export contract, on time, according to the quality, according to the amount of export goods ready, that should be to the transport company for the charter booking procedures, ready to customs clearance procedures, or entrusted to professional (agent) customs clearance company for customs clearance procedures.
2. Enterprises that need to entrust a professional or agency customs broker to carry out declaration procedures to the Customs, before the export of goods, should apply for entrusting customs clearance procedures to a professional customs broker or agency customs broker near the export port. The professional customs broker or customs broker that accepts the commission shall collect from the commissioning unit a formal customs declaration power of attorney, which shall be in the form required by the Customs.
3. Preparing the documents for customs clearance is the basis for smooth customs clearance of export goods. In general, customs declaration should be prepared in addition to the export goods declaration, mainly including: consignment note (i.e., under the cargo paper), an invoice, a trade contract, an export receipt and write-off and customs supervision conditions involved in various types of documents.
(ii), inspection.
Inspection refers to the customs declaration unit in the acceptance of customs declaration and has been reviewed on the basis of the declaration unit, through the actual verification of export goods to determine whether the contents of its customs declaration documents declared with the actual import and export of goods consistent with a form of supervision.
1. through the verification of the actual goods and customs declaration to verify the declared content of the declaration and check whether the single, goods are consistent, through the actual inspection to find the declaration of the audit link can not be found by the concealment, false declaration and declaration of inaccurate and other issues. 2.
2. through the inspection can verify the doubts raised in the declaration and examination of documents, for taxation, statistics and follow-up management to provide a reliable regulatory basis. Customs inspection of goods, are to fill out a record of inspection. Inspection records generally include the inspection time, place, import and export goods, the name of the consignee or consignor or his agent, the declared goods, inspection of the goods transport packaging (such as the name of the means of transport, container number, size and seal number), the name of the goods, specifications and models. The goods to be inspected shall be issued with an inspection notice within one day from the acceptance of the declaration, and the inspection shall be completed within one day from the availability of the conditions for customs inspection, and the customs clearance procedures shall be completed within four hours from the completion of the inspection, except for the payment of taxes.
(iii) Taxation.
According to the relevant provisions of the Customs Law, customs duties shall be levied on imported and exported goods unless otherwise stipulated by the State. Customs duties shall be levied and collected by the Customs in accordance with the Customs Import and Export Tariff. Goods subject to taxation shall be issued within one day from the acceptance of the declaration, and customs clearance procedures shall be completed within two hours of payment of the certified tax bill.
(iv) Release.
1. for general export goods, the consignor or his agent truthfully declare to the customs, and pay the tax payable and the relevant fees, the customs in the export loading list stamped “customs release” the consignor of export goods with the ship to start shipping out. 2.
2. Return of export goods: The consignor of the goods shall declare the return of the goods to the Customs within three days from the date of the return, and the goods shall be transported out of the place under Customs supervision only after approval by the Customs.
3. Issuance of export tax rebate declaration: After the customs release, the light yellow export tax rebate declaration will be stamped with the “seal of acceptance” and the signature of the person in charge of the customs audit of the export tax rebate, which has been filed with the tax authorities, and returned to the customs declaration unit.
In China, approximately US$1.5 billion worth of goods are exported every day, and every day of delay in export tax refunds will cause great losses to our customers. How to speed up the export verification and tax refund? The most important point in the operation of documents is to fill in the export declaration correctly. The relevant content of the customs declaration must be consistent with the contents of the manifest transmitted to the customs by the shipping company in order to smoothly write off the tax refund. After the Customs has accepted the declaration and released the goods, some of the goods cannot be loaded on the original declared means of transport due to reasons such as means of transport, the consignor of the export goods should submit to the Customs in time the “Application for Change of Export Goods Declaration” and the corrected invoice of the box list, a copy of the bill of lading for correction, so that the contents of the declaration can be consistent with the contents of the manifest.
