Import and export settlement Q&A channel - foreign exchange verification / letter of credit / cross-border payment troubleshooting(5)

Who will receive the foreign exchange and bear the taxes and fees in agency export?

The company intends to find an agent to export goods and is confused about who will receive the foreign exchange in the agency export business and who will bear the relevant taxes and fees. It is worried that unclear liability division may lead to damage to its interests. The best answer points out that there are two ways of foreign exchange receipt, namely, the principal directly receives the foreign exchange and the agent receives the foreign exchange. Regarding taxes and fees, value-added tax, customs duties, etc. are generally borne by the principal, and specific details need to be clearly stipulated in the agency export agreement.

Sep 23, 2026 at 17:19
126
10 Answers

Does agency import necessarily require foreign exchange balancing?

The company plans to seek an agency for import and is inquiring whether agency import requires foreign exchange balancing, the specific operations, and the impact on the company's funds and business processes. The best answer states that generally, agency import requires foreign exchange balancing, which is to maintain balance of payments in accordance with foreign exchange management regulations. The agent will operate according to the import payment of foreign exchange, which will have a certain impact on the funds and business processes of the asking company. The company needs to prepare funds in advance and cooperate closely.

Sep 23, 2026 at 11:46
104
10 Answers

Is foreign exchange payment necessary for agency import? What will happen if there is no foreign exchange payment?

Considering engaging in agency import business, inquiring whether foreign exchange payment is mandatory for agency import and the consequences of not making foreign exchange payment. The best answer points out that foreign exchange payment is not necessarily required for agency import, which depends on the business situation. In normal commercial imports, foreign exchange payment is mostly needed. If the payment that should be made is not made, the foreign exchange management department may impose penalties, affecting the enterprise's credit rating, and may also trigger commercial disputes, etc. It is necessary to handle foreign exchange payment matters in compliance.

Sep 22, 2026 at 06:35
105
9 Answers

How is the agency export agency fee usually settled?

The company plans to find an agency company to export products and wants to understand the settlement method of the agency export agency fee, such as whether it is calculated according to the proportion of the order amount, the settlement time node (before shipment, after shipment or after receiving the payment for goods), and the settlement method (cash, transfer, etc.). The best answer points out that the common settlement methods include calculating according to the proportion of the order amount or a fixed fee, and most of them are settled after receiving the payment for goods. Transfer is a common settlement method, and both parties can negotiate to determine the details.

Sep 21, 2026 at 12:22
125
9 Answers

Can agency export business entrust the collection of foreign exchange? Come and find out!

Ask whether the company's agency export business can entrust the collection of foreign exchange, as well as the specific processes, regulations and risks. The best answer states that agency export can entrust the collection of foreign exchange. During the operation, both parties need to sign a written agreement. The agency shall handle the formalities with the bank based on the documents and the agreement, and shall comply with the regulations such as the legality of the business and the authenticity of the documents. At the same time, pay attention to the risks such as unclear agreement terms and violation of foreign exchange regulations.

Sep 21, 2026 at 11:10
148
9 Answers

Who is responsible for making and receiving foreign exchange payments in the agency import and export business?

Our company intends to engage an agent for import and export business and has doubts about the "who pays, who receives" regulation. We would like to inquire about the entities responsible for making and receiving foreign exchange payments in agency import and export business and the key points to note. The best answer points out that in principle, whoever makes the payment receives the payment. If the agent signs contracts and makes and receives foreign exchange payments in its own name, it is the entity; if the principal makes and receives foreign exchange payments on its own, it is the entity. At the same time, it is emphasized that relevant regulations should be followed, relevant documents should be retained, and responsibilities should be clearly defined in the agreement.

Sep 17, 2026 at 18:16
82
9 Answers

Is the receipt and payment of entrepot trade really part of goods trade? Come and find out!

When studying trade knowledge, I was doubtful whether the receipt and payment of entrepot trade belong to goods trade. Because goods trade usually refers to the import and export of tangible commodities, while entrepot trade involves the transshipment of goods in a third country. The best answer pointed out that the receipt and payment of entrepot trade are usually classified as goods trade. Although the receipt and payment process is complex, it still essentially revolves around the cross-border movement of goods, but it also has its particularities.

Sep 16, 2026 at 05:44
78
9 Answers

Who should pay the remittance in agency import business?

The company plans to engage in agency import business but has doubts about remittance payment, asking whether the principal or the agent should pay, as well as the process, responsibility division, and problem-solving methods. The best answer indicates that the remittance payer is determined by the agency agreement—either the principal pays directly or the agent pays. The agreement must clarify responsibilities, and if issues arise, the responsible party is determined and handled according to the agreement.

Sep 15, 2026 at 18:42
133
9 Answers

What are the payment methods for export agents and which one is the most reliable?

When looking for an export agent to handle the export of goods, inquire about the common payment methods used by export agents and which one is the most reliable. The best answer indicates that common methods include telegraphic transfer (T/T), letter of credit (L/C), collection, etc. T/T is divided into pre-T/T and post-T/T. L/C is guaranteed by the bank but has cumbersome procedures, and collection relies on commercial credit and has risks. The most reliable one is usually pre-T/T. In practice, it is necessary to comprehensively consider various factors to choose a suitable payment method.

Sep 14, 2026 at 22:20
104
9 Answers

How to Solve the Problem of Non - receipt of Foreign Exchange in Agency Export? Come and Offer Some Suggestions!

It is said that after a company finds an agent for export, it encounters the problem of non - receipt of foreign exchange. The goods have been exported, but no foreign exchange is received, and it is urgently seeking solutions. The best answer points out that the reasons need to be analyzed first. If it is a customer problem, payment can be negotiated or legal action can be taken; if it is due to the fault of the agent, rectification should be required and liability should be investigated. At the same time, pay attention to the foreign exchange management regulations and report the situation to the foreign exchange bureau in a timely manner.

Sep 12, 2026 at 17:52
136
9 Answers

International settlement Q&A

Questions & Answers

Who will receive the foreign exchange and bear the taxes and fees in agency export?

Does agency import necessarily require foreign exchange balancing?

Is foreign exchange payment necessary for agency import? What will happen if there is no foreign exchange payment?

How is the agency export agency fee usually settled?

Can agency export business entrust the collection of foreign exchange? Come and find out!

Who is responsible for making and receiving foreign exchange payments in the agency import and export business?

Is the receipt and payment of entrepot trade really part of goods trade? Come and find out!

Who should pay the remittance in agency import business?

What are the payment methods for export agents and which one is the most reliable?

How to Solve the Problem of Non - receipt of Foreign Exchange in Agency Export? Come and Offer Some Suggestions!

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