We have collaborated with several banking institutions to help you complete the international settlement of export proceeds, and immediately make exchange settlement upon the receipt of proceeds in a safe, real-time and fast way.   FAQs     Q: If I export goods through Fengya, may I transfer no proceeds to Fengya’s bank account? A: No. All customers who export goods through Fengya must authorize Fengya to handle receipt and settlement of exchange.    Q: How to determine the rate of bank exchange settlement? A: At the time of exchange settlement, Fengya will settle the exchange by the bid rate closest to 10:00 am published by Bank of China.    Q: May I pay US dollar proceeds from domestic account to Fengya? A: No. US dollar proceeds must be paid from overseas account.    Q: Why does a customer has to pay some commissions after the proceeds have been transferred, although he has paid all fees at the remittance? A: There are two possible cases:  ①If the customer chooses that Payer should bear all fees (such as the domestic bank charges)at the remittance, he generally receive the full amount after the proceeds have been transferred. ②Some bank exchange has to be transferred via the Head Office of Beneficiary Bank, the corresponding commissions will be deducted (directly from the principal), so that the proceeds cannot be transferred in full amount at the time of receipt. (For example, a US buyer pays to the bank USD 400,000, in which USD 399,990 has been transferred and USD 10 is deducted as the commissions. The specific commissions are related to the state or bank policy)   Q: May I handle customs declaration with Renminbi? A: Yes, you can. The receipt of proceeds needs to be paid in Renminbi from overseas to Fengya’s account.    Q: How long does it take by transferring proceeds paid by a foreign customer to Fengya’s account? A: Generally by the next day (such as European and American account), delayed in case of holiday or vacation, it may take 2 to 3 days for remote countries or regions, the specific time of transfer will be subject to the bank notice.    Q: Does the bank settlement charge any commission? A: No commission is incurred for bank settlement. 

Fengya will handle tax rebates subject to the applicable regulation on behalf of you, render tax rebates service, you can readily get tax rates within three business days if the documents are complete.      FAQs   Q:  If I export goods through Fengya, what conditions should I satisfy to apply for the advance payment of tax rebates?  A:  ①At the time of customs declaration, the name of exporter and operating unit should be Fengya. ②Provide the export declaration and the e-port has the customs clearance information with respect to these cargos.  ③The bank settlement corresponding to these cargos should be ready.  ④The VAT invoice should be verified to be true and correct.  ⑤The purchase and sales contract, the duplicate of original B/L or the duplicate of telex release B/L should be collected in full set.  ⑥Trading company should provide the input tax issued from the last unit, but not included in the Tax Bureau’s letter.    Q:  If I intend to apply for the advance payment of tax rebates, when does you issue VAT invoice? A:  To apply for the advance payment of tax rebates, you need to issue the VAT invoice to us within 90 days after the export customs clearance.   Q:  According to the general procedure of tax rebates (without a need of advancing the tax rebates), how long does it take to get tax rebates? And what about the export service fee? A:  By the Tax Bureau’s general procedure of tax rebates, it usually take 2-3 months before the tax rebates have been transferred. 

Fengya will handle customs declaration at major domestic ports on behalf of you. Our high credit standing at customs house and professional team will accelerate the procedure of customs clearance. 

Introduction: Fengya’s agent import and export products involve an extensive range from electrical appliances, handicrafts, stationery, textiles, daily necessities, auto parts, machinery, medical equipment, metals, furniture, sanitary ware, to wastes. Our export team has a rich experience of products, help our customers avoid detours, and save their time and money. We have collaborated with several banking institutions to help you complete the international settlement of export proceeds, and immediately make exchange settlement upon the receipt of proceeds in a safe, real-time and fast way.     Basic services: Export customs clearance  Bank exchange settlement  Advance payment of tax rebates     Entry conditions: Domestic production-oriented factories, traders, individuals  Enterprise is a general taxpayer, incorporated for more than half a year  Export products must be permitted by the state law and regulation Trading background should be true and accurate     Fees:       Advance payment of tax rebates: According to the declared value for customs, collect 5 cents/US dollar as the export agent fee Normal tax rebates: Exempt from export agent fee Miscellaneous fees: Towing, customs declaration, logistics and other fees will be reimbursed for actual expenses     Cooperation process: 1. Sign an agreement 2. Customs declaration 3 Bank exchange settlement 4 Tax rebates