Detailed explanation of cross-border e-commerce import and export procedures: from issuance of L/C to product export

Specific procedures for issuance of L/C

Issuing L/C (letter of credit) is an important payment method in cross-border e-commerce transactions, which ensures the interests of both buyers and sellers. The following is the detailed process for opening an L/C:

1. Fill in the certificate issuance application form: The importer needs to contact the bank where the account is opened to obtain the certificate issuance application template and fill in the relevant information according to the terms of the import contract. After filling it out, it needs to be submitted to the bank, along with the import contract, registration form (if necessary), license, quota and other documents.

2. Sign a contract and pay a deposit: The importer signs a “Contract for Issuing a Letter of Credit” with the bank and pays a certain percentage of the deposit to the bank. The amount of the deposit depends on the importer’s credit status.

3. Issuance of L/C: After the bank has reviewed and approved the application, it will issue an L/C in accordance with the contents of the application. If you need to modify the L/C that has been issued, you need to fill in the “Application for Modification of Letter of Credit”.

4. L/C issuance time: Within about one to two weeks, the importer will receive a copy of the L/C message issued by the bank.

5. L/C payment: When the bank receives the overseas documents and passes the review, the importer needs to make up 100% of the deposit or promise to pay before the bank will hand over the full set of documents to the importer.

6. Bank external payment or acceptance/rejection: After the document is reviewed and correct, the bank will release the L/C. The importer will pay the payment and receive the documents, and then customs clearance can be arranged.

Formalities required for cross-border e-commerce imports

With the development of globalization, cross-border e-commerce is gradually emerging, but its procedures are more complicated than domestic e-commerce:

1. Company registration: First, you need to register a foreign trade company with the domestic industrial and commercial bureau, and complete tax, customs and other related registrations.

2. Application for import and export rights: Apply for import and export rights at the Commodity Inspection Bureau in order to conduct legal cross-border e-commerce sales.

3. Apply for a customs-supervised warehouse: To facilitate the import and export of goods, you can apply for a customs-supervised warehouse.

4. Application for e-commerce platform registration: Register in the Cross-border E-commerce Comprehensive Pilot Zone to legally sell on e-commerce platforms.

5. Apply for a cross-border payment license: Apply for a cross-border payment license from the People’s Bank of China to ensure safe cross-border payments.

6. Tax procedures: Understand the tax policies of various countries, conduct tax registration and submit reports on time.

7. Logistics procedures: Choose appropriate logistics methods and service providers to ensure safe transportation of goods.

Procedures required for cross-border e-commerce export of toilet water

As a personal care product, toilet water needs special attention when exporting through cross-border e-commerce:

1. Product registration and preparation: Ensure that the product has been registered and has passed quality inspection.

2. Understand the import requirements of the target market: Research the product standards, packaging specifications, etc. of the target market.

3. Apply for relevant certificate documents: such as ISO 9001 certification, product safety data sheets, etc.

4. Choose a logistics method: Choose an appropriate logistics solution and ensure that it meets the customs declaration requirements of the target country.

5. Comply with laws and regulations: Understand and comply with international trade rules and intellectual property protection regulations.

6. Complete customs declaration procedures: Prepare various documents required for export declaration.

7. Focus on market demand: Analyze consumer trends in the target market and adjust product strategies.

8. Build brand image: Focus on brand promotion and after-sales service to improve consumer satisfaction.

Through the above steps, cross-border e-commerce companies can better grasp international market opportunities and achieve compliance operations and development.