Export goods agency is a complex process involving multiple steps. Below is a simplified overview of the main process:

Fund flow

Signing the Contract

– The customer signs a sales contract with the foreign buyer

– The customer signs a procurement contract with the domestic supplier

– The agency company may participate in the above contract signing, responsible for payment and customs clearance matters

Fund Flow

– The foreign buyer remits USD to the agency companys account

– The agency company transfers the fundsIn order to crack down on tax evasion, the customs and tax departments are now strictly examining the operation of buying export declarations. If the behavior of buying export declarations is discovered, the regulatory authorities will require tax replenishment (even a 2% tax rate may be a considerable amount). In addition, fines may also be imposed on the relevant responsible parties.and transfers them to the domestic supplier

Production and Shipment

– The domestic supplier produces the goods and issues a VAT invoice

– The customer provides shipping details

– The agency company arranges logistics transportation

Inspection and Transportation

– If required, arranges statutory inspection of goods

– The logistics company packs and transports the goods to the port or customs-designated location

Customs Declaration and Loading

– The agency company prepares customs declaration documents

– After customs clearance, the logistics company is responsible for loading the goods onto the vessel

– The logistics company provides the bill of lading to the agency company

Tax Refund Processing

– The agency company applies to the tax authoritiesExport Drawback

– After receiving the tax refund, the agency company deducts service fees

– The remaining tax refund is transferred to the customer

In this process, the agency company plays a key role, coordinating all parties to ensure smooth progress at every stage, from contract signing to tax refund processing, without omission. The customer is mainly responsible for liaising with foreign buyers and domestic suppliers, providing necessary information. The entire process requires close cooperation among all parties to achieve successful export of goods.

LetZhongShen International Tradeprovide you with comprehensive support and services to help you stand out in international trade. If you have any questions about the export process, feel free to contact us for professional advice and solutions.