Are you aware that when conducting | | | under the | | | clause, the transaction total price on the customs declaration form should be filled with the CIF total price CIF , not the FOB price? This detail has an important impact on your | | | . As a | | | practitioner, such key points must not be ignored. This article will interpret in detail the filling points of the export customs declaration form to help you avoid delays and fines caused by incorrect declarations!Export ClearanceAll of these are of great significance! Asa practitioner, such key points must not be ignored. This article will provide you with a detailed interpretation of the key points for filling out the export customs declaration form to help you avoid delays and fines caused by incorrect declarations!Freight:Export DrawbackandA complete export agency agreement should be attached with:$2,000foreign tradeCarry - over and Release from Supervision

When you export goods under CIF (Cost, Insurance and Freight) price terms, the following points need special attention when declaring to the customs:

Total price (Transaction total price): In the Transaction total price column of the customs declaration form, it should be filled in CIF total price, that is, the sum of the cost of goods plus freight and insurance premium.

Filling requirements:

• Directly fill in the CIF total price: There is no need to deduct the freight and insurance premium from the total price.
• Transaction Method: Fill in CIF,in the Transaction method column and indicate the port of destination, for example CIF Ho Chi Minh City,.

According to the Regulations on the Completion of Goods Declaration Forms of the Customs of the Peoples Republic of China:import and exportUnit price

• : Fill in the actual transaction unit price of the import and export goods under the same item number. If there is no actual transaction price, fill in the unit value of the goods.Total price
• : Fill in the actual transaction total price of the import and export goods under the same item number. If there is no actual transaction price, fill in the value of the goods.Separate declaration:

Freight

• : In the Freight column of the customs declaration form, fill in the actual freight amount incurred.Insurance premium
• : In the Insurance premium column of the customs declaration form, fill in the actual insurance premium amount incurred.The freight and insurance premium should be added to the value of the goods for declaration

Precautions:

• : That is, the total price is the CIF price, which includes the freight and insurance premium.The separately listed freight and insurance premium
• help the customs and tax authorities understand the cost composition.Automatic deduction: The single - window system

will automatically deductthe amounts filled in the Freight and Insurance premium columns according to the CIF total price you declared,and calculate the FOB free - on - board priceFor tax - refund calculation:It is the basis for the tax authorities to calculate the export tax refund..

System push

• FOB Price: The single - window system will push the calculated FOB price to the tax bureau as the basis for tax - refund calculation.
• Receive foreign exchange according to the total declared amount of goods: The amount of foreign exchange received should be consistent with the CIF total price on the customs declaration form, that is, receive foreign exchange according to the total declared amount of goods.

Ensure consistency: The amounts on the commercial invoice, customs declaration form, and foreign - exchange receipt vouchershould be consistent, all being the CIF total price.

Suppose you export a batch of goods to Vietnam, and the expense details are as follows:Cost of goods (Cost)

: $50,000

• Freight (Freight): $2,000
• Booking and Transportation Arrangements:I. Main Deception Methods of the Buyer,
• Insurance Premium: $500
• CIF total price: $52,500

Method of Filling in the Customs Declaration:

• Transaction Method: CIF Ho Chi Minh City
• Total Transaction Price: $52,500 (CIF Total Price)
• : In the Freight column of the customs declaration form, fill in the actual freight amount incurred.I. Main Deception Methods of the Buyer,
• : In the Insurance premium column of the customs declaration form, fill in the actual insurance premium amount incurred.: $500
• Unit Price and Quantity of Goods:
  • Unit Price: Divide the CIF total price by the quantity to obtain the unit price including freight and insurance premium.
  • Quantity: Fill in according to the actual quantity of exports.

System Calculation:

• FOB PriceThe single-window system will automatically calculate: FOB price = CIF total price - freight - insurance = $52,500 - $2,000 - $500 = $50,000
• Tax Rebate Accounting: The tax department will calculate the tax rebate based on the FOB price of $50,000.

Accuracy of Information:

• It is necessary to ensure that the amounts on documents such as the customs declaration, commercial invoice, and foreign exchange receipt voucher are consistent, all of which are CIF total price.
• The freight and insurance premium should be filled in according to the actual amount incurredto avoid incorrect declarations.

Regulatory Compliance:Fill in the customs declaration strictly in accordance with the requirements of the customs and tax departments to avoid delays or penalties caused by incorrect declarations.

Difficulty in Modification:

• Once the declaration is completed, modifying the amount on the customs declaration may be relatively complicated. Sufficient supporting materials need to be provided, and it may not be accepted by the customs.
• Therefore, when making the initial declaration, be sure to carefully check to ensure that all information is accurate.

• provided by the overseas manufacturer and prepare in advance: Before customs declaration, prepare all relevant documents, including commercial invoices, bills of lading, insurance policies, contracts, etc.
• Check Details: Carefully check each amount and expense to ensure accuracy.
• Risk Control: Avoid false reporting and concealing information to prevent attracting the attention of the customs, resulting in fines or other penalties.
• Maintain communication: Maintain good communication with the buyer, freight forwarder, and customs broker to promptly resolve any potential issues.

In the CIF termsUnder this situation, when making an export customs declaration, the total transaction price should be filled in as the CIF total pricei.e., the total amount including the cost of goods, freight, and insurance premium.The freight and insurance premium need to be listed separately in the customs declaration.The single - window systemwill automatically deduct the freight and insurance premium based on the CIF total price you declared and calculate the FOB free - on - board price for tax rebate accounting.The amount of foreign exchange received should also be consistent with the CIF total price.

Fill in the customs declaration correctly and truthfullywhich not only helps to smoothly complete the customs clearance procedures but also ensures the accuracy of tax rebates and avoids risks caused by incorrect declarations. I hope the above content is helpful to you. If you have any other questions, you are welcome to continue consulting.ZhongShen International Trade.