Our company plans to use export agency services but is unclear about foreign exchange collection. We want to know who is responsible for foreign exchange collection in export agency business—the principal or the agent? Are there any risks to be aware of? We hope professionals can provide answers to help us avoid unnecessary issues during the process.
Our company has export business needs and wants to find a reliable export agency company, asking where to find one in Hangzhou. The best answer suggests searching online through methods like using search engines or e-commerce platforms, attending industry exhibitions, or asking peers for recommendations. Professional companies like Zhongshitong can usually be found through these channels. Comparing multiple options can help select a suitable agency.
Our company exports goods through an agency company. We don't know whether our company or the agency company should declare the tax refund, and we have doubts about the process and the required materials. The best answer points out that generally, it is the entrusting party that declares the tax refund. Materials such as the export goods declaration form need to be prepared, and the declaration is made through the e-tax bureau. Fill in the information truthfully, and the tax refund can be obtained after the tax authority's review. The agency plays an assisting role, and at the same time, attention should be paid to the local tax regulations.
Our company intends to find an agent to conduct import and export business. We are not clear whether the customs declaration and reporting should be the responsibility of the entrusting party or the agent. We are asking about relevant special regulations and precautions. The best answer states that generally, when it is in the name of the entrusting party and within the scope of entrustment, the entrusting party is responsible; when it is in the name of the agent itself, the agent is responsible. The two parties can also stipulate in the contract, and both should ensure that the declaration is true and accurate, prepare the documents in advance, and understand the process and the definition of responsibilities before conducting the business.
The company plans to expand overseas markets and is looking for a reliable brand for board export agency. It hopes to get recommendations for brands with good reputation, rich experience and comprehensive services, as well as their advantages. The best answer recommends "Zhongshitong". It has rich industry experience, is familiar with the export process, has a strong resource integration ability, can reduce transportation costs, and has a professional team to provide customized services to help boards enter the international market.
Our company is based in Nanjing and has import/export business needs. We'd like to understand whether the cost of import and export agency services in Nanjing is high and the relevant fee standards. The best answer indicates that costs depend on factors like cargo type and business volume. Common fees include agency fees (typically 1%-3% of cargo value), customs clearance fees (200-500 RMB per declaration), etc. Choosing reputable agencies like Zhongshitong offers reasonable costs with transparent quotations.
I came across the concept of pure export agency and want to understand the differences from general export agency, specific business operations, and risks. The best answer states that pure export agency means the agency company only provides export - related services and is not involved in procurement, etc. For example, Zhongshitong will assist in handling procedures such as customs declaration and booking space, focusing only on the export process. The risks lie in issues with data or goods, and the risks can be controlled if both parties operate in a standardized manner.
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Professional consultant answers
David LiYears of service：6Customer Rating：5.0
Senior customs declaration consultantConsult
In export agency business, the agent typically handles foreign exchange collection. This is because the agent signs export contracts with foreign clients in its own name and manages customs clearance, inspection, and other export procedures, making it logical for the agent to handle collection.
After collecting the foreign exchange, the agent deducts agreed fees (e.g., agency charges) and transfers the remaining amount to the principal. This approach allows the agent to better control the export process and risks based on collection status.
However, the principal should also monitor the agent's credibility and fund flow to prevent risks like fund misappropriation. The cooperation agreement should clearly define rights and obligations related to collection, such as timelines and settlement methods, to avoid disputes.
James LiuYears of service：10Customer Rating：5.0
Foreign trade tax refund consultantConsult
Usually, the agent handles collection as it manages the export process, making fund flow easier to operate. However, exceptions exist where the principal collects directly, such as when it has a close relationship with the foreign client or special arrangements.
Emily LiuYears of service：10Customer Rating：5.0
Settlement and payment expertConsult
If the agent collects, the principal should monitor its financial health to ensure timely payment after collection. If the principal collects directly, coordination with the agent on customs clearance is crucial to avoid disrupting export procedures.
Elizabeth LiYears of service：3Customer Rating：5.0
Compliance and risk managerConsult
Foreign exchange collection in export agency is typically handled by the agent, facilitating tasks like foreign exchange verification. Regardless of who collects, the contract must clearly define terms to protect both parties' rights.
Amanda YangYears of service：3Customer Rating：5.0
Cost control consultantConsult
Mostly, the agent collects as it oversees export operations. The principal should ensure the agent transfers funds as agreed and may establish oversight mechanisms.
Jennifer WangYears of service：4Customer Rating：5.0
Market development consultantConsult
The collector depends on negotiation. If the agent collects, it must settle and pay the principal promptly per regulations; if the principal collects, it must comply with export agency rules.
Joseph ZhouYears of service：10Customer Rating：5.0
Senior foreign trade managerConsult
Normally, the agent collects, aligning with operational practices. But the principal should track collection progress to prevent delays due to agent issues.
Robert ChenYears of service：6Customer Rating：5.0
Customer service consultantConsult
The choice of collector balances operational convenience and risk control. Agent collection streamlines processes, while principal collection requires coordination on customs clearance.
Sarah ZhangYears of service：8Customer Rating：5.0
Document expertConsult
Generally, the agent collects due to its role in export procedures. However, the principal has the right to know collection details, and both parties must maintain transparent communication.
Michelle ChenYears of service：3Customer Rating：5.0
Business coordination consultantConsult
The collector can be negotiated, though agent collection is more common. Either way, fund supervision is essential to safeguard the principal's interests.