13.1.1 Procedures of Export Revisited 出口流程回顾
Let’s learn about the common documents involved in export by roughly tracing the process of an export transaction.In this deal,your company—Tianjin Binhai Import & Export Co.,Ltd.exports 3,000 swimming suits to Singapore Wonka Trading Company Ltd,including 1,500 men’s and women’s styles each,with three sizes for each style—X,XL and XXL.Both parties conclude the deal under CIF,and the Singapore company pays by a letter of credit at sight.Revisiting the overview of the transaction procedures in Chapter 1 would be helpful.
1. At the preliminary stage,you produce the proforma invoice for making offers,for the importer’s reference or for him/her to apply for the import license,foreign exchange or the letter of credit.
2. Once the sales are confirmed,you or the importer make(s)the contract.
3. In preparing for delivery,produce the commercial invoice,packing list,customer clearance form,and certificate of inspection for customs clearance.
4. Obtain insurance.
5. After customs clearance,the Customs officially releases the merchandise.The copy of the customs clearance form for tax refund will be returned to you if the export manifest is clean and shows no problem,indicating that the merchandise has surely left China.You will get the copy a few days later,though the specific number of days varies by case.
6.After delivery you obtain the bill of lading in three originals and three copies.
7.For collecting payment,you need to produce,apply for and sort out all the documents required by the importer,such as the invoice,packing list,certificate of inspection,certificate of origin and beneficiary certification.
8.Complete tax refund.For this purpose,you normally need the bank receipt of foreign exchanges,the copy of customs clearance form for tax refund,the clean export manifest,your foreign exchange revenue reported on ASOne maintained by State Administration ofForeign Exchange,the VAT invoice issued by your supplier and other necessary documents(depending on the transaction).