Our company recently has a batch of goods to be imported through an agency, but I'm not quite sure what fees are involved in this process. Obviously, there's an agency fee, but what other fees are there? Are customs duties and VAT also included? Hope someone knowledgeable can explain in detail. Thanks!
Our company plans to find an export agency. We are confused about who should collect the foreign exchange fees in export agency, the consignor or the agent. The best answer points out that generally, the foreign exchange is first transferred to the agent's account. The agent handles export affairs, copes with foreign exchange risks, and complies with regulatory requirements. After deducting the fees, the remaining amount will be paid to the consignor. Of course, it can also be negotiated in the agreement that the consignor directly receives the foreign exchange.
When a company needs to export goods and hires an export agency, there may be doubts about who bears the costs—whether it's the client or if the agency shares part of the expenses. The best answer indicates that generally, the client bears the fees. Export agencies provide various services, including agency fees, handling charges, etc. Agency fees are often calculated as a percentage of the cargo value. Under special agreements, the agency may cover part of the costs, so it's important to clarify fee responsibilities before signing the contract.
The company has import and export business needs. Facing numerous import and export agencies in Tianjin, it's hard to make a choice. I hope to find an agency with comprehensive services, good reputation, and reasonable fees. The best answer points out that when choosing an import and export agency, it can be considered from many aspects, such as comprehensive services, good reputation, and reasonable fees. Zhongshitong performs well in these aspects, can provide a full - process service, has a good reputation, and reasonable fees, which is a good choice.
Someone asked that the company has just started the agency import business and doesn't know the declaration process, the materials to be prepared, and the precautions. The best answer introduced in detail the declaration steps. You need to prepare relevant documents, declare through the electronic port system, fill in the customs declaration form accurately, and also clarify the declaration entity and the responsibilities to be borne. In short, only by operating in accordance with the process specifications and paying attention to each key link can the declaration be successfully completed.
Just started in the import business and can't tell the difference between agency import and self-operation import. Hoping to understand the distinguishing methods in detail. The best answer points out that the distinction can be made from the legal perspective: self-operation import enterprises bear their own profits and losses, while agency import agents do not assume profits and losses; in terms of fund flow, self-operation enterprises provide their own capital, while agency import often relies on the client's funding; regarding responsibility, self-operation enterprises take full responsibility, while agents mainly ensure procedural compliance.
Confusion about the concepts of agency import and general trade, asking whether agency import belongs to general trade and the differences or connections between the two. The best answer clarifies that agency import does not necessarily belong to general trade. If it follows the transaction and declaration patterns of general trade with goods for normal production or consumption, it does (e.g., Zhongshitong importing electronics under normal customs procedures). However, if it involves special zone policies (e.g., goods entering bonded zones for processing and re-export), it does not.
Full escort of the import route, easy access to the global supply chain
Export agent experts, help you easily expand the international market
Avoid tariff barriers, full process transit plan customization
Export tax refund full agency, compliant and efficient fast arrival
International settlement solutions, ensure the safe arrival of funds
A key foreign trade import and export enterprise, with more than 20 years of import and export agency experience, providing one-stop service throughout the entire process!
Professional consultant answers
Joseph ZhouYears of service：10Customer Rating：5.0
Senior foreign trade managerConsult
Agency import usually involves the following types of fees. First is the agency fee, which is the service payment to the import agency company.
Then there's the customs duty, which is calculated based on the tariff classification of the goods and the corresponding tax rate, according to the dutiable value of the goods. The tax rates vary significantly for different goods.
VAT is also an important fee, generally calculated by multiplying the sum of the dutiable value and customs duty by the VAT rate.
There may also be transportation fees, which need to be considered if the agency company arranges the transportation. Additionally, fees like customs declaration fees and inspection fees (if applicable) are common expenses during the customs clearance process. In short, the exact fees should be determined based on the specific agency contract and actual business operations.
David LiYears of service：6Customer Rating：5.0
Senior customs declaration consultantConsult
Besides the above, if the goods require warehousing, warehousing fees should also be included. These fees depend on the storage duration and warehouse conditions.
Michelle ChenYears of service：3Customer Rating：5.0
Business coordination consultantConsult
If the goods require inspection and quarantine, there may be related inspection and quarantine fees, depending on the specific inspection items.
Andrew HuangYears of service：7Customer Rating：5.0
Supply chain optimization expertConsult
Some special goods may require licenses or permits, and the fees for obtaining these documents may also need to be included in the agency import costs.