What is the process flow chart for transit trade customs declaration? Can anyone explain it in detail?
Solved#Entrepot trade#
Our company intends to carry out transit trade business and is not quite clear about the customs declaration process. We want to understand the process flow chart of how to do customs declaration for transit trade. We hope to have a detailed and clear explanation, such as from preliminary preparations to specific operations in each stage, and what precautions need to be taken, etc., so that we can make plans in advance and carry out the business smoothly.
Professional consultant answers
Michelle ChenYears of service：3Customer Rating：5.0
Business coordination consultantConsult
The customs declaration process for transit trade is roughly as follows: First, the contract is signed. The buyer and the seller sign a transit trade contract and clarify all details of the goods.
Then, relevant documents are prepared, such as commercial invoices, packing lists, bills of lading, etc., to ensure that the information on the documents is accurate and consistent.
After that, the declaration is submitted to the customs. The data of the customs declaration form can be entered through the electronic port system to truthfully declare the information of the goods. The customs will conduct an examination. After the examination is passed, a notice of inspection will be issued or the goods will be directly released. If an inspection is required, cooperate with the customs officers to inspect the goods. Once the inspection is correct, the goods can be released. After the goods are released, subsequent procedures are handled, such as settling payment for the goods, writing off, etc. Attention should be paid to the authenticity and integrity of the documents, and at the same time, the regulatory requirements for different goods should be familiar with.
Joseph ZhouYears of service：10Customer Rating：5.0
Senior foreign trade managerConsult
Before customs declaration for transit trade, the origin of the goods should be confirmed to avoid trade disputes caused by origin problems. Moreover, the policies and regulations of the destination port should be understood in advance to prevent problems after the goods arrive at the port.
Andrew HuangYears of service：7Customer Rating：5.0
Supply chain optimization expertConsult
The customs declaration data must be accurate. If information such as the quantity and value of the goods is reported incorrectly, it may lead to obstruction of customs declaration and even face penalties.
Emily LiuYears of service：10Customer Rating：5.0
Settlement and payment expertConsult
Choosing a reliable freight forwarder is crucial. They are familiar with the process and can help handle many problems in the customs declaration process, improving the efficiency of customs declaration.
Amanda YangYears of service：3Customer Rating：5.0
Cost control consultantConsult
For transit trade goods, attention should be paid to the storage problem to ensure the quality and safety of the goods during the transit process.
Robert ChenYears of service：6Customer Rating：5.0
Customer service consultantConsult
The progress of customs declaration should be followed up in a timely manner. If problems occur, they can be solved immediately to avoid delaying the transportation time of the goods.
Sarah ZhangYears of service：8Customer Rating：5.0
Document expertConsult
Transit trade involves communication among multiple parties. The buyer and the seller, freight forwarders, customs brokers, etc. should maintain good communication to ensure accurate and timely transmission of information.
Jennifer WangYears of service：4Customer Rating：5.0
Market development consultantConsult
Attention should be paid to exchange rate fluctuations because there may be a time lag in the settlement of payment for transit trade goods, and exchange rate changes may affect profits.
William YangYears of service：5Customer Rating：5.0
International logistics consultantConsult
During the customs declaration process, if special circumstances are encountered, such as the customs has objections to the classification of the goods, relevant materials should be actively provided to cooperate with the customs for explanation.