Can transit trade be declared in a centralized manner? Do you know?
Solved#Entrepot trade#
Our company is involved in transit trade business and has always declared each shipment. The procedures are cumbersome, and both labor and time costs are quite high. I heard that centralized declaration can simplify the process and improve efficiency, so I want to ask if transit trade can be declared in a centralized manner. If so, what conditions need to be met? I hope that professionals can help answer these questions, so that I can have a clearer understanding of centralized declaration for transit trade and facilitate the development of our subsequent business.
Professional consultant answers
Emily LiuYears of service：10Customer Rating：5.0
Settlement and payment expertConsult
Transit trade usually cannot be declared in a centralized manner. Centralized declaration is mainly applicable to specific goods that are filed with the customs and imported and exported in multiple batches at the same port, such as express parcels, goods under ATA Carnet, etc. However, in the process of circulation, transit trade goods involve trade entities in different countries and regions, complex transportation routes, and trade contracts, etc., making it difficult to meet the requirements of centralized declaration for the consistency and regularity of goods. Transit trade goods are imported from abroad and do not enter the domestic customs territory, but are directly re-exported to other countries or regions. The particularity of its trade process makes centralized declaration difficult to operate. The customs pays attention to the review of the authenticity and legality of transit trade. Declaring each shipment is more conducive to the customs' accurate understanding of the details of each transit trade and preventing trade risks. Therefore, from the perspective of current policies and actual operations, transit trade is generally not suitable for centralized declaration.
Elizabeth LiYears of service：3Customer Rating：5.0
Compliance and risk managerConsult
Transit trade generally requires declaration of each shipment because the trade situations involved in each shipment vary greatly, such as the place of origin, destination, price terms, etc., which are difficult to handle uniformly and centrally.
Andrew HuangYears of service：7Customer Rating：5.0
Supply chain optimization expertConsult
Centralized declaration requires goods to be regular, in multiple batches, and similar in nature. The diversity of transit trade goods and the complexity of trade links do not conform to this characteristic, so centralized declaration is not applicable.
Robert ChenYears of service：6Customer Rating：5.0
Customer service consultantConsult
The transaction chain of transit trade is long, and there are many intermediate links. Centralized declaration will make it difficult for the customs to control the actual situation of the goods, so declaration of each shipment is usually adopted.
James LiuYears of service：10Customer Rating：5.0
Foreign trade tax refund consultantConsult
Although declaring each shipment is cumbersome, it can ensure the accuracy of transit trade information and make the customs' review clearer. In comparison, centralized declaration poses a greater risk to transit trade.
Amanda YangYears of service：3Customer Rating：5.0
Cost control consultantConsult
Transit trade goods enter and exit under different times and contracts, making it difficult to meet the requirements of declaration within the specified time limit for centralized declaration.
Joseph ZhouYears of service：10Customer Rating：5.0
Senior foreign trade managerConsult
The customs has strict supervision over transit trade. Declaring each shipment is convenient for verifying the authenticity of each transaction, while centralized declaration is likely to cause regulatory loopholes.
William YangYears of service：5Customer Rating：5.0
International logistics consultantConsult
Centralized declaration requires goods to be homogeneous. The varieties and specifications of transit trade goods are diverse, and they do not meet this condition.
Sarah ZhangYears of service：8Customer Rating：5.0
Document expertConsult
The transportation methods and routes of transit trade are changeable. Centralized declaration is not conducive to the customs' monitoring of the transportation trajectory of goods.
Jennifer WangYears of service：4Customer Rating：5.0
Market development consultantConsult
Due to the special trade mode of transit trade, the situation of goods staying in the country is complex, so it is not suitable to adopt the centralized declaration method.