When declaring the payment for entrepot trade, first of all, it is necessary to distinguish the nature of the trade, such as general entrepot trade, entrepot trade of receiving first and paying later, etc. Taking general entrepot trade as an example, enterprises need to log in to the Application Service Platform of the State Administration of Foreign Exchange, enter the module of trade credit and financing report, and fill in relevant information as required.
In terms of declaration materials, materials that can prove the authenticity of the entrepot trade such as commercial invoices, bills of lading and contracts should be prepared. When banks are auditing, they mainly focus on the matching of the authenticity of the trade and the flow of funds.
When declaring, it should be noted that information such as the amount and transaction code must be accurately filled in. For example, the transaction code of entrepot trade is generally "122010". At the same time, it is necessary to ensure that the payment time is consistent with the contract agreement to avoid overdue declaration. In addition, if it involves the entrepot trade of related enterprises, banks will strengthen the audit and enterprises should prepare more detailed materials to explain the rationality of the transaction.
Professional consultant answers
David LiYears of service：6Customer Rating：5.0
Senior customs declaration consultantConsult
When declaring the payment for entrepot trade, first of all, it is necessary to distinguish the nature of the trade, such as general entrepot trade, entrepot trade of receiving first and paying later, etc. Taking general entrepot trade as an example, enterprises need to log in to the Application Service Platform of the State Administration of Foreign Exchange, enter the module of trade credit and financing report, and fill in relevant information as required.
In terms of declaration materials, materials that can prove the authenticity of the entrepot trade such as commercial invoices, bills of lading and contracts should be prepared. When banks are auditing, they mainly focus on the matching of the authenticity of the trade and the flow of funds.
When declaring, it should be noted that information such as the amount and transaction code must be accurately filled in. For example, the transaction code of entrepot trade is generally "122010". At the same time, it is necessary to ensure that the payment time is consistent with the contract agreement to avoid overdue declaration. In addition, if it involves the entrepot trade of related enterprises, banks will strengthen the audit and enterprises should prepare more detailed materials to explain the rationality of the transaction.
William YangYears of service：5Customer Rating：5.0
International logistics consultantConsult
When declaring the payment for entrepot trade, attention should be paid to the integrity of the materials. Besides the common contracts and invoices, transportation documents are also very important as they can prove the circulation of goods. If key transportation documents are missing, the declaration may be blocked.
James LiuYears of service：10Customer Rating：5.0
Foreign trade tax refund consultantConsult
Remember to accurately tick the trade type when declaring. Selecting the wrong type may lead to declaration failure or subsequent foreign exchange supervision problems. For example, it will be troublesome if the entrepot trade of receiving first and paying later is wrongly selected as general entrepot trade.
Robert ChenYears of service：6Customer Rating：5.0
Customer service consultantConsult
Communication with the bank before declaration is very important. Different banks may have slight differences in the audit scale. Understanding the bank's requirements in advance will make the preparation of materials smoother.
Michelle ChenYears of service：3Customer Rating：5.0
Business coordination consultantConsult
Be careful when entering electronic data. A single wrong digit or letter may affect the declaration. It is best to check it again after entering to ensure that the information is correct.
Jennifer WangYears of service：4Customer Rating：5.0
Market development consultantConsult
The declaration time of the payment for entrepot trade is also regulated. It should be completed within the specified period, otherwise, penalties may be faced and the enterprise's credit may be affected.
Andrew HuangYears of service：7Customer Rating：5.0
Supply chain optimization expertConsult
The transaction remarks should be clear and accurate, which can briefly explain the business content of the entrepot trade and facilitate the understanding of the essence of the business by banks and the State Administration of Foreign Exchange.
Joseph ZhouYears of service：10Customer Rating：5.0
Senior foreign trade managerConsult
If the entrepot trade involves multiple currencies, the exchange rate conversion should be accurate. Convert it into the declared currency according to the specified exchange rate. This is also an easily-mistaken point.
Sarah ZhangYears of service：8Customer Rating：5.0
Document expertConsult
Enterprises should do a good job in recording and archiving related businesses internally so as to facilitate subsequent inquiries and responses to possible inspections.