Get the free First Sale Declaration - Trade

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How to fill out first sale declaration

How to fill out first sale declaration

1. Obtain a copy of the first sale invoice from the supplier.
2. Verify that the first sale invoice contains all the required information such as the description of the goods, quantity, value, and seller details.
3. Fill out the first sale declaration form provided by the customs authorities.
4. Attach a copy of the first sale invoice to the declaration form.
5. Submit the completed declaration form along with the supporting documents to the customs authorities for approval.

Who needs first sale declaration?

1. Importers who want to declare the value of goods based on the first sale price instead of the last sale price.

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What is first sale declaration?

First sale declaration is a customs practice where importers can declare a lower customs value based on the price paid in the first sale of goods.

Who is required to file first sale declaration?

Importers who want to declare a lower customs value and have conducted multiple sales transactions before the goods reached the final destination.

How to fill out first sale declaration?

To fill out a first sale declaration, importers must provide documentation that proves the price paid in the first sale of goods, such as invoices and sales contracts.

What is the purpose of first sale declaration?

The purpose of first sale declaration is to allow importers to pay customs duties based on the price paid in the first sale of goods, rather than the price at the final destination.

What information must be reported on first sale declaration?

The first sale declaration must include details of the price paid in the first sale of goods, as well as supporting documentation to prove the accuracy of the declared value.