Foreign Payment Solution Bank Acceptance

Assist customers to use Bank Trade Facility (BA / Invoice Financing) quota to purchase from China and easily complete the procurement process.

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Description / ServiceAir ConsolidateAir DirectLCL CLCL D
CostMidHighLowHigh

Tutorial

Step:

1. The customer provides MYR PO (Ringgit Purchase Order) to CIEF.
2. CIEF issues an Invoice to the customer based on the MYR PO.
3. The customer submits the Invoice to the bank.
4. Bank disbursement to CIEF.
5. CIEF makes payments to Chinese suppliers.
*Currently, the Exchange system has not fully activated this service. Please contact our customer service to handle it manually for you.

Terms & Condition

FAQ

If you need more help, may contact us!

Can’t. You need to go to your banker to apply for Bank Trade Facilities.
Typically, banks only require the supplier’s company name and SSM number. CIEF’s full name and SSM number are as follows: CIEF WORLDWIDE SDN. BHD. (1134596-M)
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Request Formal Export

When suppliers insist to handle export declarations themselves, the import costs for Malaysian importers often increase significantly

Only Accept USD Payments

Suppliers do not accept RMB payments and require transactions to be settled in USD

Only Accept International Trade Order

Suppliers are large publicly-listed companies that exclusively export through international trade channels

Cost Reduction

Suppliers aim to apply for export tax refunds to reduce the cost of goods

Cost-Effective, Efficient, Tax Refund Made Easy

How It Works?

Simply follow the steps below to easily handle formal exports and tax refunds for your suppliers

  1. Supplier Requests Export Tax Refund
  2. Place an order in the CIEF system and generate a unique tax refund QR code
  3. Request supplier attach the QR code to each packaging box
  4. Arrange for the goods to be sent to the Guangzhou warehouse
  5. Track the goods and pay the shipping fee via the CIEF portal
  6. Sit back and wait for the goods to be delivered
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Service Charges Fee

Price for shipping same as usual, may refer here. Below are export declaration fees apply for suppliers:

01

  • Declaration Fees: CNY 500 per declaration (per entity name)

02

  • Additional Pages: CNY 50 per additional page

03

  • Amendments: If any information requires changes after document submission due to the seller, the seller shall bear all associated costs

Cost-Effective, Efficient, Tax Refund Made Easy