Does transit trade need to go through customs declaration now? Come and help me answer this question!
Solved#Entrepot trade#
I have recently been involved in transit trade-related business and didn't know much about it before. I'd like to know if transit trade needs to go through customs declaration now? Because I heard that the goods in transit trade do not enter the domestic market but are directly shipped from the place of production to the place of consumption. Does this mean that customs declaration is not needed? But I'm also worried that it might not be the case in actual operation. So I'd like to ask professionals to answer whether transit trade actually needs to go through customs declaration in current business operations.
Professional consultant answers
Emily LiuYears of service：10Customer Rating：5.0
Settlement and payment expertConsult
Transit trade requires customs declaration. Although the goods in transit trade do not enter the domestic customs territory for consumption, customs declaration procedures still need to be fulfilled under the international trade operation specifications.
On the one hand, customs declaration is to clarify the transfer of ownership of the goods and record the circulation situation of the goods in the country. The customs can grasp information such as the source, destination, quantity, and value of the goods through documents such as customs declaration forms, which is crucial for national trade statistics.
On the other hand, customs declaration can ensure the compliance of the trade. For example, if the transited goods involve special regulatory situations such as intellectual property rights and endangered species, the customs declaration process allows the customs to conduct supervision to prevent violations. In actual operation, generally, the transit traders declare the information of the transited trade goods to the customs, submit documents such as contracts, invoices, and packing lists, and complete the customs declaration procedures so that the goods can be smoothly transited and circulated.
Sarah ZhangYears of service：8Customer Rating：5.0
Document expertConsult
Customs declaration for transit trade is mandatory. This enables the customs to know the movement of the goods and safeguard the trade order. Failure to declare will be regarded as a violation.
William YangYears of service：5Customer Rating：5.0
International logistics consultantConsult
Yes, customs declaration is needed. Customs declaration can clearly define the trade links and facilitate subsequent inspections. If customs declaration is not done, it will be very troublesome if there are problems later.
Michelle ChenYears of service：3Customer Rating：5.0
Business coordination consultantConsult
Definitely, customs declaration is required. Customs declaration can make the operation of transit trade more transparent, facilitate supervision, and guarantee the rights and interests of all parties involved in the trade.
Jennifer WangYears of service：4Customer Rating：5.0
Market development consultantConsult
Transit trade must go through customs declaration. Otherwise, the source and destination of the goods will be unknown, which will affect the accuracy of trade statistics data.
James LiuYears of service：10Customer Rating：5.0
Foreign trade tax refund consultantConsult
Customs declaration is needed. Only by going through customs declaration can the legal circulation of the goods be guaranteed. Otherwise, it won't even pass the customs inspection.
Andrew HuangYears of service：7Customer Rating：5.0
Supply chain optimization expertConsult
Customs declaration is required. Customs declaration helps the customs to supervise transit trade and prevent illegal activities such as smuggling.
Amanda YangYears of service：3Customer Rating：5.0
Cost control consultantConsult
Transit trade must go through customs declaration. This is required by the international trade process specifications. Only by following it can the business be carried out normally.
Elizabeth LiYears of service：3Customer Rating：5.0
Compliance and risk managerConsult
Customs declaration is mandatory. It is the basis for the compliant operation of transit trade. Without this step, it won't work.
Robert ChenYears of service：6Customer Rating：5.0
Customer service consultantConsult
Transit trade needs to go through customs declaration. It can provide a legal basis for the trade process. Failure to declare will bring many risks.