Do you know how to correctly declare re-export trade to the customs?
Solved#Entrepot trade#
Our company recently intends to carry out re-export trade business. We haven't been involved in this aspect before and are not very clear about the customs declaration process and requirements. We would like to know how to specifically declare re-export trade to the customs? What materials need to be prepared? Are there any particular matters that need special attention during the declaration process? We hope to get a detailed and easy-to-understand answer so that we can smoothly carry out this business.
Professional consultant answers
Amanda YangYears of service：3Customer Rating：5.0
Cost control consultantConsult
When declaring re-export trade to the customs, first of all, relevant documents should be prepared, such as commercial invoices, bills of lading, packing lists, etc. Before the goods arrive, the enterprise needs to declare to the customs through the "Single Window" or a customs declaration enterprise. When declaring, accurately fill in the trade mode as "re-export trade", and declare in detail information such as the name, specification, quantity and value of the goods.
Pay special attention to the accurate declaration of the origin and final destination of the goods, which is related to trade compliance. If the goods involve the management of license certificates, relevant licenses should be obtained in advance. In addition, the re-export trade goods shall not be substantially processed within the territory. After the customs examination and approval, pay the corresponding taxes and fees (if any) according to the regulations, and the goods can complete the re-export process.
The enterprise must ensure that the declared information is true, accurate and complete, and avoid legal risks caused by false declaration.
Joseph ZhouYears of service：10Customer Rating：5.0
Senior foreign trade managerConsult
When declaring re-export trade, pay attention to the accuracy of the goods information. Once the declaration is incorrect, the modification process is relatively troublesome and may delay the circulation time of the goods. The prepared materials should be complete, otherwise it may lead to the failure of the declaration.
Michelle ChenYears of service：3Customer Rating：5.0
Business coordination consultantConsult
When declaring re-export trade to the customs, the entry of electronic data should be standardized. The declaration requirements of different goods may vary, and the special regulations corresponding to the goods should be clearly understood in advance.
Elizabeth LiYears of service：3Customer Rating：5.0
Compliance and risk managerConsult
Remember to keep the contracts, bills and other materials related to the transaction for the subsequent verification by the customs. Declare the price truthfully when declaring to prevent false price declaration.
Sarah ZhangYears of service：8Customer Rating：5.0
Document expertConsult
If the declaration is entrusted to a customs declaration enterprise, good communication should be maintained with the customs declaration enterprise, and accurate information should be provided in a timely manner. Do not delay the declaration time, and complete the declaration before the goods arrive at the port according to the regulations.
William YangYears of service：5Customer Rating：5.0
International logistics consultantConsult
When declaring re-export trade, be familiar with the relevant policies and regulations of the customs, such as the prohibition and restriction regulations of some goods. The situation of the goods packaging etc. should also be truthfully stated when declaring.
Andrew HuangYears of service：7Customer Rating：5.0
Supply chain optimization expertConsult
The enterprise itself should establish a perfect re-export trade business record system to facilitate the collation of declaration materials and the subsequent customs inspection. Pay attention that the measurement units of the declaration should be consistent with the regulations of the customs.
Emily LiuYears of service：10Customer Rating：5.0
Settlement and payment expertConsult
In the declaration of re-export trade, if foreign language materials are involved, it is best to prepare Chinese translations. Respond to the questions raised by the customs in a timely and accurate manner.
James LiuYears of service：10Customer Rating：5.0
Foreign trade tax refund consultantConsult
Pay attention to the relevant information during the transportation of the goods, such as the name of the means of transportation, the voyage, etc., and do not fill in wrongly when declaring. In terms of goods storage, it should meet the regulatory requirements of the customs.
Jennifer WangYears of service：4Customer Rating：5.0
Market development consultantConsult
When declaring re-export trade, pay attention to the impact of exchange rate fluctuations on the declaration of the value of the goods, and convert according to the stipulated exchange rate. And pay attention to the latest declaration guidelines and notices of the customs.