Entrusted Import Service

Entrusted Import Service

What is Import Entrustment Service?

Import entrustment is a necessary operation when goods owners want to import goods to Vietnam, but if they do not want to import goods by themselves, they can certainly entrust a service company to carry out the import. In other words, this is a form of importing goods through an intermediary.

Where should I choose Import Entrustment Service?

Mr. Bui Import Export Trading Service Co., Ltd is all you need for this question since we have competency and abilities when working in this field, including:

• Ranked in the top 1 in the field of providing leading import-export procedures services in Vietnam.
• Cost savings
• Save time
• Information security
• Be proactive in planning
• Get professional advice
• Competitive prices, with a supportive pricing policy for regular customers.

Mr Bui - Smart choice for you!

Stages when using the Import Entrustment Service in Mr.Bui Import Export Trading Company:

1. Inspect if the goods are subject to import ban, or import suspension.
2. Check whether the product needs an export-import license or not. If there is, the authorized company must apply for this license.
3. After having a set of goods documents, the entrusted party will carry out procedures of import customs according to current regulations.
4. It should be noted that the paperwork of entrustment import declaration will be signed with the name of the entrusted importer, and it must be filled in with enough information about the person so that the goods can be imported.

Responsibilities of the entrusted party:

• Negotiate and sign foreign trade contracts with foreign sellers
• Complete the necessary procedures to import goods
• Payment for foreign sellers
• Declare and pay taxes: import tax, VAT, etc for imported goods
• Keeping import and export documents: contracts, commercial invoices, packing slips, and others.
• Export and return imported goods to the entrusted party with VAT invoice for imported goods

Responsibilities of the customers using services:

• Provide full information about goods, models, specifications, etc for the customers using services to order.
• Coordinate with the entrusted party to negotiate contracts with foreign partners
• Transfer money for the entrusted party to pay the seller
• Cooperate during the process of receiving goods (e.g., with the entrustor to inspect goods at the port)
• Finish payment of entrusted service fees

VAT included in service:

There are 2 VAT charges associated with this import entrustment:

• VAT for entrustment service fee: the normal 10% rate is the same as other services.
• Import VAT when returning consigned imports, the entrusted party must issue a VAT invoice.

If there are any questions, please contact us immediately for answers. For Mr. Bui Import Export, it is our honor to serve you!