Is the import agency business too complicated? Three tips to help you avoid pitfalls
Recently, Mr. Zhang showed off the red wine imported from Europe in his WeChat Moments, attracting a lot of envy. But few people know that this batch of goods was detained at the customs for a full three weeks, and the container detention fee alone cost over 10,000 yuan. "I should have found a professional agent earlier," he said to Ms. Li with a bitter smile. This scene reflects the true value of the import agency industry - it is not only a simple logistics link, but also a key hub for avoiding risks and reducing costs. This article will break down the complete process of import agency and help you see through the industry fog.
When you see a wide variety of imported goods in the mall, there is often a professional import agent behind it. They are like the "navigation system" of international trade, mainly providing three core services:
- Regulatory compliance: Handle professional matters such as HS code classification, tariff calculation, inspection and quarantine
- Risk control: Anticipate potential risks such as anti - dumping duties and technical barriers
- Cost optimization: Reduce the comprehensive cost through trade agreements, choice of transit ports, etc.
Step 1: Qualification Preparation
It is necessary to handle basic qualifications such as the right to import and export, electronic port cards, and foreign exchange accounts. Special attention: Special products such as medical devices also require additional approval.
Step 2: Commodity Pre - review
- Confirm regulatory conditions (whether 3C certification, animal and plant quarantine, etc. are required)
- Prepare complete technical materials (ingredient list, production process, etc.)
- Pre - classify the HS code (errors can lead to huge tax supplements)
Should we choose CIF or FOB? Air freight or sea freight? The following need to be comprehensively considered:
- Goods characteristics (perishable goods are preferred for air freight)
- Capital turnover (the payment period for sea freight is usually longer)
- Urgency (reserve 30% of the time for buffer during peak seasons)
There are three common "pitfalls" in this stage:
- Inconsistent documents (invoice amount is inconsistent with the declaration)
- Label violations (lack of Chinese labels or non - compliance with GB standards)
- Sampling for inspection (the probability in the food category is as high as 70%)
In addition to tariffs and value - added taxes, the following should also be noted:
- Consumption tax (15% for high - end cosmetics)
- Anti - dumping duties (up to 103% for some stainless steel products)
- Cross - border e - commerce comprehensive tax (significant differences in tax rates for different models)
Agency companies in the market are mixed. It is recommended to screen through "three looks":
- Look at cases: Request to provide operation records of the same category of products
- Look at the system: Whether there is the ability to track the whole process visually
- Look at emergency response: Response speed in case of sudden inspections (the ideal standard: feedback within 2 hours)
With the deepening of the "Belt and Road Initiative", two new opportunities have emerged:
- The China - Europe freight train: The freight is 50% lower than air freight, and the timeliness is 20 days faster than sea freight
- Cross - border e - commerce: Regulatory codes such as 1210/9710 bring tax incentives
- Exchange rate fluctuations (it is recommended to use forward foreign exchange settlement and sales to hedge)
- Trade frictions (prepare alternative production location plans in advance)
- Logistics black - swan events (risks like the blockage of the Suez Canal)
- Further Reading
- Stop making senseless efforts! Fabric import agency is the optimal solution for enterprises
- The Importance of Suqian Air Transportation Import Agency!
- Stop waiting foolishly! Wine transshipment import agency is the real money-saving secret
- Tai'an Small Three Links Import Agency, It's Actually So Amazing!
- Is the charging for import agency too complex? Teach you to see through the tricks
- ic bonding machine import agency, actually this important?
If you require China procurement agency or import-export agency services, please get in touch with us through the following channels. Our professional consultants will reach out to you promptly for personalized support.
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