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Import agent: concept, cost and operational considerations

Import agentIt has become an indispensable part of the field of foreign trade, for customers who are not familiar with the import business process, choose the right one.Import agentYou can save time, cost and ensure that your business goes smoothly, but when choosing an import agent, you need to pay attention to some core operating issues in addition to the cost.

Definition of Import Agent

Import agent can be defined as: customers with import needs of goods, due to unfamiliarity with the import business or other reasons, choose to entrust a trade service business to a professional shipping company, freight company, customs office or trade company to replace imports.

2) Cost of importing agencies

When foreign trade enterprises are entrusted by buyers to conduct import business for them, they will provide various services to the parties and charge corresponding agent fees from them.In general, the agent price consists mainly of the following parts:

(a) the price of landing;
b) the consumption tax;
(c) External trade agency fees;
(d) the bank’s financial management fees.

Import Agent Operating Observations

Special attention should be paid to the following points during the importation process:

1) Property rights of goods:To avoid subsequent disputes, the owner of the goods, after choosing the import agent, must sign a formal import agent agreement to clarify and determine the ownership of the goods.
(2) Commodity code and tax rate confirmation:After receiving the complete documentation of the customer, the commodity code of the goods should be confirmed in a timely manner, and then consult the relevant customs rules to determine the import tax rate of the goods. At the same time, it is also necessary to confirm the regulatory conditions of the goods. If the goods need to do various inspections, then before the customs report, it should be notified to the relevant agencies in a timely manner, and prepare the necessary documents, such as the application form, the original invoice, contract, import declaration, etc.
(3) Submission of packaging and packaging:When ordering goods, promptly urge the ships agent to submit the check in to the Customs. If there are any questions, you should communicate with the Customs Unit to confirm whether the check in has been correctly transferred to the Customs. In addition, if the Customs requests the check in the goods, it is necessary to coordinate with the station to ensure that the goods to be checked are timely transported to the specified station by the Customs and confirm the related fees in advance.

In short, although the import agent brings convenience to the enterprise, in the process of operation, it is still necessary to pay attention to several links to ensure the smooth progress of the business.

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