The export agent service process is as follows: place an order → declare export → Yidatong issues the “Agency Export Goods Certificate” → declare tax refund (exemption) → collect and settle exchange → issue foreign trade service subsidy → settle.
(1) Place an order. Customers should provide relevant information about export goods at least 2 working days before the customs cut-off time. If the product is subject to legal inspection and the legal inspection filing has been completed, please provide at least 5 working days in advance. Customers can choose to place an order manually or by themselves.
(2) Declaration for export.
(3) Yidatong issues the “Agency Export Goods Certificate”. After collecting all relevant information, Yidatong will complete the processing of the “Agency Export Goods Certificate” within 7 working days and send it back to the customer.
(4) Declaration for tax refund (exemption). Customers should apply for tax refund (exemption) declaration locally by themselves. The declaration deadline is April 30 of the year following the date of shipment.
(5) Collect and settle exchange. After the foreign exchange remittance is transferred to the One-touch account, One-touch will complete the foreign exchange settlement within one working day.
Foreign exchange settlement rules:
Bank of China Shenzhen and Bank of China Zhejiang:
Foreign exchange remittance received before 11:30 am on the same day will be settled at the spot foreign exchange purchase price of Bank of China between 11:00 and 12:00;
Foreign exchange remittance received between 11:30 and 17:30 on the same day will be settled in batches at the spot foreign exchange purchase price of Bank of China between 16:00 and 17:30;
Foreign exchange remittance received after 17:30 will be settled on the next working day.
Bank of China Hong Kong:
Foreign exchange remittance received before 12:00 am on the same day will be settled at the foreign exchange rate listed at 10:30 on the same day;
Foreign exchange remittance received between 12:00 and 24:00 on the same day will be settled at the foreign exchange rate listed at 15:30 on the same day.
(6) Payment of foreign trade service subsidies. Self-service orders enjoy a subsidy of 1 RMB for every 1 USD. Manual orders do not enjoy foreign trade service subsidies.
(7) Settlement. After the customer initiates the settlement, One-touch will remit the settlement amount to the customer’s public account.