The CustomsGuarantee Insurance: The 'New Approach' to Customs Guarantee

As a 'veteran' with 20 years of experience in the foreign trade industry, I have witnessed too many enterprises struggling with customs guarantees. Before 2018, whenever clients asked me 'Is there any way to clear customs without paying a deposit?' I could only shake my head helplessly. Until...Tariff Guarantee InsuranceBriefly speaking, tariff bond insurance is like buying a credit policy for the customs. Enterprises provide guarantees to the customs through insurance companies. When the customs sees this policy, it will release the goods with confidence, and enterprises can clear customs first and pay taxes later. This model breaks the constraints of traditional security deposits or bank guarantees, making the capital flow of foreign trade enterprises more flexible.

Simply put, Tariff Guarantee Insurance is like buying a 'credit policy' for customs. Enterprises provide guarantees to customs through insurance companies, and customs will release the goods upon seeing this 'policy,' allowing enterprises to 'clear customs first and pay taxes later.' This model breaks the constraints of traditional deposits or bank guarantees, making capital flow more flexible for foreign trade enterprises.

Who is Suitable for Playing Tariff Bond Insurance?

Small and medium - sized enterprises with tight funds

• : No need for a large - amount security deposit, reducing the pressure on cash flowEnterprises with high requirements for customs clearance timeliness
• : Avoid goods being detained due to capital scheduling problemsEnterprises with insufficient bank credit
• : No need to occupy the bank credit lineEnterprises with frequent imports and exports
• : One policy is applicable nationwide, simplifying customs clearance proceduresHowever, it should be noted that enterprises with untrustworthy customs records cannot enjoy this convenience for the time being. Therefore, it is very important to maintain good customs credit records.

Let me tell you the handling process in the most down - to - earth way:

Three Steps to Complete Tariff Bond Insurance

Its as simple as buying car insurance. Select an insurance company that cooperates with the customs, submit the basic information and application of the enterprise, negotiate the premium and limit, sign the contract and make the payment, and its done! Now many insurance companies also support online handling through the Single Window, saving you the trouble of running around.

Step 1: 'Purchase Insurance' from an Insurance Company

As simple as buying car insurance. Choose an insurance company that cooperates with customs, submit basic company information and application, agree on premiums and limits, sign the contract and make payment, done! Many insurance companies now support online processing through the 'Single Window,' saving even the legwork.

Step 2: 'Register for Filing' with Customs

The insurance company will transmit your policy information to customs for filing. This process is usually quick, typically completed within 1-2 working days. Once filed successfully, you will receive a guarantee filing number, which is your 'customs clearance pass.'

Step 3: 'Show the Number' During Customs Clearance

customs clearanceWhen declaring, fill in your guarantee filing number on the customs declaration form. The customs system will automatically deduct the limit, and eligible goods can be released quickly. For specific business guarantees, you need to submit an application via the 'Single Window' first, which is also very convenient.

Why is it Called the 'Gospel' for Foreign Trade Enterprises?

Let me show you the advantages of customs duty guarantee insurance with real cases:

• Case 1: A certain importer of electronic components imports an average of 20 shipments per month. Originally, it needed to pay a deposit of 5 million yuan. After switching to tariff guarantee insurance, it saves about 300,000 yuan in capital costs annually.
• Case 2: A food import enterprise was unable to issue a letter of guarantee due to insufficient bank credit. By using tariff guarantee insurance, it solved the urgent customs clearance needs and avoided a port detention loss of 500,000 yuan.
• Case 3Example: An auto parts company used Tariff Guarantee Insurance to achieve 'consolidated tax payment,' paying taxes once a month, greatly simplifying financial processes.

Compared with traditional guarantee methods, tariff guarantee insurance has three obvious advantages:

• Low capital pressure: There is no need to freeze a large amount of deposit, and it does not occupy bank credit.
• Low handling threshold: Small and medium - sized enterprises can easily obtain it.
• High customs clearance efficiency: Online operation, quick issuance of policies, and acceleration of cargo release.

Practical Suggestions from an Old - hand in Foreign Trade

Based on my experience, when using tariff guarantee insurance, the following points should be noted:

• Plan ahead: It is best to handle it before the peak business season to avoid last - minute efforts.
• Quota management: Reasonably determine the insurance quota according to the business volume, ensuring it is sufficient without waste.
• Pay taxes in a timely manner: Although goods can be cleared first, taxes must be paid on time. Otherwise, it will affect the enterprises credit.
• Compare prices among multiple companies: The rates and policies of different insurance companies may vary. It is recommended to consult several companies.

Tariff guarantee insurance has been implemented for more than four years, but many enterprises still do not understand it or do not know how to use it. As foreign trade practitioners, we should be good at taking advantage of these policy dividends to make the import and export business of enterprises more smooth and efficient.

Remember, on the path of foreign trade, you must both keep your head down and pull the cart, and look up to see the road. Good policies like Tariff Guarantee Insurance are the 'customs clearance accelerator' and 'fund pressure relief valve' for us in foreign trade.