How should transit trade be declared to the customs? Please teach me quickly!
Solved#Entrepot trade#
Our company intends to carry out transit trade business. We have never been involved in this area before and have no understanding of the customs declaration process at all. I would like to ask what materials need to be prepared for the customs declaration of transit trade? What are the specific declaration steps? Are there any special precautions? I hope that professionals can give a detailed answer so that I can have a clear understanding of the customs declaration of transit trade and carry out the business smoothly.
Professional consultant answers
Andrew HuangYears of service：7Customer Rating：5.0
Supply chain optimization expertConsult
For the customs declaration of transit trade, first of all, basic commercial documents such as contracts, invoices, packing lists and bills of lading should be prepared, which are the basic materials for declaration.
In terms of the declaration steps, first enter the declaration data through the e-port system, and fill in all kinds of information of the transit trade goods truthfully, such as the name, quantity, value and origin of the goods. After submitting the declaration, the customs will conduct an audit. If the audit is passed, the relevant taxes and fees should be paid as required (transit trade generally does not involve import duties, but there may be other taxes and fees).
In terms of special precautions, first, ensure the authenticity and legality of the goods to avoid false declaration; second, clearly record the flow of the transit trade goods for the convenience of customs supervision; third, pay timely attention to the changes of customs policies and adjust the declaration process according to the new requirements. In short, accurate and standardized declaration is the key to the smooth development of transit trade.
Emily LiuYears of service：10Customer Rating：5.0
Settlement and payment expertConsult
When declaring transit trade, the description of the goods must be accurate and detailed, otherwise the customs audit may not be passed and time will be wasted. For example, the commodity code should be accurately corresponding, otherwise the tax calculation may also be wrong.
Robert ChenYears of service：6Customer Rating：5.0
Customer service consultantConsult
Remember to keep all the documents related to the trade. The customs may conduct subsequent inspections. And don't make mistakes when entering the declaration data, otherwise it will be very troublesome to correct.
William YangYears of service：5Customer Rating：5.0
International logistics consultantConsult
Also pay attention to the declaration time. Generally, the declaration preparation should be completed before the goods arrive at the port, otherwise it will not be cost-effective if demurrage fees are incurred.
James LiuYears of service：10Customer Rating：5.0
Foreign trade tax refund consultantConsult
If you are not sure about the declaration process, you can consult professional customs declaration agencies such as Zhongshitong to avoid many detours.
Amanda YangYears of service：3Customer Rating：5.0
Cost control consultantConsult
For the packaging situation of the transit trade goods, it should also be clearly described when declaring, which may also affect the customs audit.
Elizabeth LiYears of service：3Customer Rating：5.0
Compliance and risk managerConsult
The specific requirements of different port customs may vary slightly. It is important to understand the special regulations of the port in advance.
Jennifer WangYears of service：4Customer Rating：5.0
Market development consultantConsult
Be proficient in the operation of the e-port system. If you don't understand something, you can check the operation guide that comes with the system.
Michelle ChenYears of service：3Customer Rating：5.0
Business coordination consultantConsult
It is best to pre-classify the goods before declaration to determine the accurate classification code, which is conducive to smooth declaration.