How Links of London k Charm a Waigaoqiao Company be integrated into a corporation's larger distribution network? A foreign company could set up a Waigaoqiao Company as its subsidiary,which would act to purchase PRC goods for a sister company abroad.Or,a sister company could sell products manufactured abroad to Links of London Waigaoqiao Company,which could then sell those products to PRC customers.In so doing,the Waigaoqiao Company acts as a distribution centre for its group,centralizing all PRC trading. International trade is eased by simplified customs procedures and the absence of a customs imposition on goods moving to Waigaoqiao from abroad.Since Waigaoqiao is considered extraterritorial for customs purposes,no customs duties are levied on such moves.This favourable customs treatment is crucial for high valueadded goods since the customs duty due for the import of such goods is delayed until the goods leave Waigaoqiao to enter the PRC.In addition,no quotas are imposed on exports,that is,goods moving from Links of London Karabiner Bangle PRC to Waigaoqiao. When goods are imported by a company that does not have import export rights,the process should be handled by a domestic import export company I E Company.The I E Company should complete all the import procedures,send invoices,and clear foreign exchange in its own name. Alternatively,a Waigaoqiao Company can entrust one of the four commoditiesbonded markets the Market to act as a proxy for a Waigaoqiao Company's trade in the PRC.These are PRC business enterprises locally approved for assisting trade in Waigaoqiao notably by clearing Links of London Key Charm duties,and issuing VAT invoices in return for a fee. Although there is no legal basis for this procedure,the Market accepts to invoice a Waigaoqiao Company's customers in the PRC on behalf of Waigaoqiao Company.Such an invoicing system allows a Waigaoqiao Company to present one face to its customers.
Commentaires