NOTES TO REMEMBER WHEN USING IMPORT EXPORT AUTHORIZATION SERVICES

The import and export entrustment service has become more and more popular in recent years because it is considered a safe solution, ensuring maximum benefits for businesses that do not have much experience in the field of international trade. Currently, there are quite a few units that perform import and export entrustment, but before signing a contract, customers need to keep in mind some important notes to make the cooperation process go more smoothly.

1. Users of Import-Export Entrustment Service

Import entrustment is the outsourcing of an import service business unit to organize and perform import activities for the buyer. Some units that need to use import and export entrustment services are:

• Individuals do not have the legal status as prescribed by law, so they cannot sign contracts with partners who are foreign traders. The use of this service will be necessary and mandatory in the import and export of goods.
• The enterprise has full legal status in the field of import and export. However, the consignment to be imported is not on the list of goods that the enterprise is allowed to import.
• Enterprises do not trust the leading foreign shiper unit,...
• Enterprises do not have the experience to solve arising problems related to the law, related to current policies, which are likely to cause economic losses.

2. Execution Process for Import-Export Entrustment

The import and export entrustment process will include the following basic steps:

• Thoroughly inspect the goods. Are the goods banned from import? What documents are required when importing?
• Is the product subject to a permit? If yes, the authorized or authorized company must apply for this license before the goods arrive at the port to shorten the time and limit the risks that may arise.
• When there is a set of goods documents, the entrusting party will carry out import customs procedures according to current regulations.
• Check the capacity and experience of the entrusted import company.
• Sign import entrustment contract

3. Notes when using Import-Export Entrustment Service

When performing import and export entrustment services, it is necessary to pay attention to the responsibilities of the entrusting party and the entrusting party so that the cooperation process brings the expected results.

3.1 Responsibilities of the trustee

- Negotiate and sign foreign trade contracts with foreign sellers

- Do the necessary procedures to import goods

- Payment for foreign sellers

- The receiver is the party providing the service to the delivery party. Including preparation of documents, declaration, payment and settlement of taxes: import tax, excise tax, VAT...

- Keep all import and export documents: Entrustment contract, Commercial contract (Contract) signed with foreign countries, Commercial Invoice (Commercial Invoice) exported by the seller, Packing list (Packing List) issued by the seller, Bill of Lading (Bill of Lading) issued by the carrier (ship or aircraft), Customs declaration, tax payment receipt (if any)...

- When exporting and returning imported goods to the goods owner (the delivery party), the consignee must issue a VAT invoice for the shipment, clearly stating the total payment price receivable from the entrusting party, including the purchase price (according to the commercial invoice). trade), the amount of import tax, excise tax, etc. and value added tax of imported goods (according to the tax notice of the Customs office). This import entrustment invoice serves as the basis for calculating output tax for the recipient and is the input tax for the entrusting party.

3.2 Responsibilities of the trustee

- Provide full information about goods, models, specifications ... for the consignee to order.

- Coordinating with entrustees to negotiate contracts with foreign partners

- Transfer money for the consignee to pay the seller

- Coordinate receipt of goods

- Payment of entrustment service fees

Nhat Minh Tan Import-Export Company (NHAMITA) is a unit with many years of experience in the field of import and export entrustment. With a team of professional staff who understand the procedures and policies on import and export activities, we are confident to complete the job quickly and efficiently.

Besides, Nhat Minh Tan is committed to bringing extremely competitive prices, helping businesses save maximum costs when using a package import and export entrustment service. Therefore, if customers need more advice about the service, please contact Hotline 028.3758.0830 for answers and quotes in the fastest time.