Shandong Weihai low value invoice CCPIT invoice

Time：2021-03-16 15:32

Question

Our company is in Weihai, Shandong Province. A Saudi customer wants to pay, but he requires the invoice to be certified by CCPIT. We have never handled this CCPIT invoice before. This is the information he sent us:
first pay the 30% by RMB , second will make TT BY USD FOR the rest 70% FROM THE CLIENT BANK ACCOUNT to the factory bank account, third , the ccpit invoice which will issue from the factory will be only equal the 70% which sent by usd not by the whole order amount, means reduce the price of each unite by 30%.

I didn't understand what he said about the invoice. What does the customer mean? How to deal with it?

Answer

Customers use RMB to prepay 30% of the payment for goods to you, and the remaining 70% is paid in US dollars. When making invoices, only 70% of the payment is made in US dollars. At the same time, this invoice should be certified by CCPIT, that is to say, low amount invoice is certified by CCPIT. This is often operated in the process of actual trade, and the operation is simple. It can be done according to the requirements of customers.

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