custom duty on lcd monitors in india made in china
Most Trading partners to import Lcd Display are China, TAIWAN, Rep. of Korea, KOREA DP RP, Viet Nam . Import duty is imposed by the government when Lcd Display is imported into India from any country. This tool helps you to find out duties one have to pay while importing Lcd Display
We offer customized business loans for small and medium businesses in India to trade internationally and grow their Lcd Display business. Connect2india helps you to find out import duty of Lcd Display from various countries. It also gives information about Lcd Display importing procedure in India, importing rules and regulations in India for importing Lcd Display.
Connect2India additionally explains varied duties and taxes obligated on import of Lcd Display in India. It additionally helps you with execution of import order for Lcd Display, paying tariff and taxes for Lcd Display, obtaining custom clearances for Lcd Display and assist you with different procedures relating to import of Lcd Display in India.
Most Trading partners to import Lcd Panel are China, Singapore, USA, TAIWAN, Germany . Import duty is imposed by the government when Lcd Panel is imported into India from any country. This tool helps you to find out duties one have to pay while importing Lcd Panel
We offer customized business loans for small and medium businesses in India to trade internationally and grow their Lcd Panel business. Connect2india helps you to find out import duty of Lcd Panel from various countries. It also gives information about Lcd Panel importing procedure in India, importing rules and regulations in India for importing Lcd Panel.
Connect2India additionally explains varied duties and taxes obligated on import of Lcd Panel in India. It additionally helps you with execution of import order for Lcd Panel, paying tariff and taxes for Lcd Panel, obtaining custom clearances for Lcd Panel and assist you with different procedures relating to import of Lcd Panel in India.
India’s ministry of finance announced on the evening of September 17 that the abolition of the import tariff of 5% on open-cell LCD TV panels, which are needed to make LED TVS, will help revive the domestic TV manufacturing industry and reduce the price of TV panels by about 3%.
The government imposed a 5 percent tariff on LCD TV panels in June 2017, but The Consumer Electronics and Appliances Manufacturers Association (CEAMA), The country’s leading TV Manufacturers, has been demanding its abolition.
The finance ministry said imports of LCD panels for LCD and LED TVs (15.6 inches or more) would be exempt from tariffs, which affect TV makers because TFT LCD panels are an essential component for making TVs and account for more than half of the cost of making a complete TV. The government also scrapped import duties on components used in making TFT LCD TV panels, such as Chip on Film, PCBA, and Cell.
The decision by the Indian government ahead of the upcoming Diwali festival will help stimulate demand for LED TVs at the festival, and TV manufacturers are all for that. Manish Sharma, President, and chief executive of Panasonic in India and South Asia, said cost pressures on manufacturers would ease and the benefits would help stimulate demand once they were passed on to consumers. Sunil Nayyar, general manager of Japan’s Sony in India, said the panel exemption would help the company expand its TV production in India, where it supports the government’s “Make in India” policy.
Indian television market size estimates that about 220 billion rupees, but the industry is struggling due to slowing demand, due to the panel is Samsung (Samsung) company to impose tariffs, Indian television production line already moved to Vietnam, through the FTA between India and ASEAN imports in India, to reduce the cost.
The rate of duty on LCD Tv is 31.703%.The value of Tv will be determined by the Customs after examining it. The maximium depreciation for first year is 16% of the value.
The rate of duty on LCD Tv is 31.703%.The value of Tv will be determined by the Customs after examining it. The maximium depreciation for first year is 16% of the value.
hi im bringing in a new 24" LCD Monitor HP W2408H from UAE(i currently reside here) which is used only on computer. Is there going to be customs duty on this or is it better i try to get it in india itself
If it is LCD monitor and not LCD TV than there will be no Customs duty .But other duty like central excise duty 14%,education cess 3% and Additional duty of 4% will be collected.
The rate of duty on LCD monitor for computer is same whether it is imported or manufactured in India.The deciding factor is the price in India,service after sales and availability of particular brand in INDIA.
I am an NRI living in Malaysia with family since last more than 3 years. I am buying a 40" LCD TV worth about INR 85,000. I understand goods worth Rs. 25,000 is allowed free. Do I have to pay duty on the differential amount of INR 60,000 @ 31.7% - Depreciation; when I bring this to India ? What is the ebst way to bring this TV to India with minimum or no payment of duty etc. Is TR is the best way ?
Thanks for appreciations. Duty on Baggage goods,if value is more than Rs 25,000/- then ,duty is 35%, on the differential amount. Hence, Baggage import is best option.
I am planning to get 46 " lcd tv to India from USA. I am here for almost 2 yrs and I come under residence transfer category. The TV costs 96600 (2100 $). How much duty I have to pay and how much worth goods is duty free ?
I"m on a B1 visit to US and I have a portable projector which I use frequently in presentations, now can you tell me how much duty will I have to pay when I take this projector back to india?
I am planning to buy a LCD tv worth 475Euros but the same tv costs more in India say around 4 lakhs. Which amount will be used for taxation. The bill amount or the MRP of the LCD tv in India ?.Please advice.
I"m currently satying in dubai. On my next visist to india i would like to take one Sony Bravia 37"" LCD TV. Can you please tell me what will be the duty tax i have to pay.?
hi there... i want to bring used 24"lcd westinghouse monitor of value rs.13160 bought in 2007 from canada to india. how much the duty will be if carrying with me? can i carry in original packaging for safety?
Hi, I am thinking of importing a large amount of used computers and monitors to Kolkata from the UK. Can you please advice me what import tax I would have to pay in Kolkata.
I would like to take the 32 inch LCD TV from UAE to chennai, Indai. The price of the TV is 20000 INR. Could you please tell me what will be the import customs duty charges?
My question is regarding import of an LCD monitor, Dell Ultrasharp 2209WA, which I have bought in Australia for AUD 319 (approx. Rs. 11600). I will bring it back with my as checked baggage. I"ve heard that personal electronic equipment up to Rs. 25000 is exempt from duty. As such, will I have to pay anything when I bring the monitor with me?
I wish to buy a telescope weighing 20kg from Australia, and would like to bring it back with me when I come back to India. The cost of the telescope will be 4000 AUD. How much payment will have to be made for import?
I am an NRI living in Dubai, UAE with my family since last 14 years. As I would be relocating to Mumbai for good I am planning to buy a new 46" LCD TV worth about INR 76,000. I understand goods worth Rs. 25,000 is allowed free. I plan to send this TV along with all my other household stuff to Mumbai via sea. What would be duty, taxes and other charged that I would have to pay for the LCD TV specifically.
hi ravindra. im bringing a LCD from sinpapore worth 45k. What will be the customs (do i need to consider the weight of the LCD also ?) and also incase if i bring 2 small LCD worth 12k each would both be custom free.
hi ravindra kumar..i am on a social visit to singapore . i want to purchase a lcd monitor from singapore.can u give me details of how much duty will be collected from me..
I live in USA. I would like to bring a 46 inch TV to India that costed me $1200 (approximately Rs 57,000/-). I recently saw somewhere that the customs tax has been reduced to 5% from 10% in this year"s budget for LCD monitors and TVs. Is this correct? If not what will be my custom"s duty? Is it a straight forward way of clearing customs? I couldn"t follow the calulation method for central excise duty that you have mentioned above. And the last question is that the price of the TV in india is Rs. 50000 more than what I have purchased it for, how will this affect my total customs?
I intend to carry a 32" LCD TV from Muscat to Bangalore for which I have bill worth Rial Oman 100/USD 300, I dont have any other electronic item with me. Please confirm the applicable customs duty.
This is regarding bringing my personal plasma tv 42", a hi-fi music system and an xbox game console, all together valued at AU$2500. I have these items for almost 10 months now and I am planning on returning back from Australia with these items. My question is how much customs duty or any duty would I have to pay if I want to bring these items with me or have them courier to an address in India?
Duty on TV is @ 24.421% . As far Baggage Rule is concerned, it is advisable to visit CBEC website link given in the blog . Various conditions are involved for getting Baggage import benefits.
I am living in Dubai and I want to bring SAMSUNG 32” LCD TV with me in my next trip to India. Its value in Dubai is Dirham 1600.00 equaling to INR 21200.00 as per the current currency exchange rate AED v/s INR. So, how much custom duty or any other duty would I have to pay?
If you are coming after at least 365 days during the two years immediately precedings the date of arrival ,OR, under Transfer of Residence(TR) then 15% on colour TV.
i am on short leisure trip to singapore , i am planning to bring a sharp LCD 37" its cost in RS. is 65k. please suggest what custom duty will be charged on this.
i"m a NRI since 1999 every time i have been to India for vacation is not more then 2months(Annually) my question is i"m planing to carry these things in my checked baggage,
If you are coming under TR then One desktop computer ( your all items make one computer ,if assembled together) is allowed without customs duty. Further ,there is duty free allowance of Rs 25,000/- . If your used camera is falling in this limit, then, no duty.
You may my visit website www.globaltaxguru.in which is under construction. You may test import of LCD TV in this site.The Baggage portion is yet to be tested.Till ,i refine and test my site, i will be answering through blog.
If you are exporting to Canada then there is no duty. But if you are importing into India ,then there is duty. LCD tv customs classification varies as per size.
my parents are visiting me to kl, malaysia. tha want to buy lcd 40" from here. they are staying here for 1 month . how much duty they have to pay in india
as you have mentioned valued item of INR 25000 is allowed. So that item should be invoiced in Foregin currency equivalent to INR 25000 or that item should value in india for that certain amount.
I want to carry a 40"LCD TV AED 2800/-to india from dubai in April 2010, what is customs duty chargeble on it ??? what are the documents shall i carry ??
Pl see my website (under construction) www.globaltaxguru.in. Enter Lcd tv. Merit rate of duty @ 26.85%. If you are bringing as Baggage then duty varies as per your stay,your category as passenger,etc.
I have bought a LCD/LED tv (102 cms) by paying 250 euros.The cost of the tv in india is around 250,000 Rs.Can you please let me know how much charge i have to pay as customs and excise duty.I have tried to find the answer from your previous messages but could not understand anything.
There are different rate of duty, if you are importing through baggage or through air cargo/courier.pl specify for mode of import.Further, forward me my earlier message for clarification.
I am in dubai right now. I have recently purchased xbox360 and would like to take it to India. Its a second hand purchase worth 900dhs (around 11,000rs). Will i need to pay custom? thx alot
I am planning to buy 60 inch ( 150 cm) LED 3D TV from Europe and take as baggage with me. I will be going back to India after 30 days. The cost here is 50 % less then in India. Can you please advice me what will be import duty on LED 3D, your website globaltaxguru is giving size of 25 cm. Your advice will be high apreciated.
I am planing to start a import Computer hardware products from China. Can u plz tell me the taxes/duties I"ll need to pay. Is any license is need to import the things from china?? Plz reply on vkgarg05@gmail.com asap!!!
You need IEC from DGFT .Pl see my site www.globaltaxguru.in to know duty and licence conditions.If you wish to engage me as consultant then you have to pay for the same. Alternatively, you can register your self as premium user.
You are doing a fantastic job by providing the info, i tried registering as premium user on your site (to find out how much you charge) however it gives me server exception error, is there any other way i can get in touch with you?
Currently, i have given access to some Customs officers and person who are professionally in import and export related business. I can extend same to you. But you have to send me your exact requirement like , you would like to know total duty break up and duty with relevant notifications, etc,. It is in format similar to customs requirement.
I want to bring my lcd TV (26 inch) worth around 320 euros(19500 rupees) Indian cost used around 4months from Ireland .Am i need to pay any custom duty for this.
There are different duty exemption for different category of person ,if importing goods through Baggage. After exceeding your duty free limit,you have to pay duty @ 36.05%.
I am staying in Copenhagen, Denmark and I want to take a 32" LD TV for my sister in Delhi. The price of the LCD TV is approximately INR 20000 (DKK 2499). Since, there is a free limit of 25000, therefore do I need to pay any customs duty at Delhi airport for the TV. Also, I would be carrying a laptop (which I have been carrying during my past visits and never paid any duty). Since, this time I would be also carrying the TV therefore I am little sceptical whether I can carry both of them together without paying any duty.
Also, can you please let me know whether the price of the TV will be accessed by the customs officer or the price will be considered as writen on the invoice?
I bought a Sony 40 inc LED LCD for Rs35,000/- in indian rupees. But, the same model costs 1,20,000/- in India. I tried entering all the information in your globalguru site..but, I could not get the custom duty price in rupees.
Old TV ,you cannot import through baggage ,without paying fine and penalty ,in addition to duty @ 26.85%. There is freight charge and handling issues. In Courier, the shipping cost is also added in value for duty charging.
Other option ,you bring as Baggage,you may visit my site www.globaltaxguru.in for duty calculation .In Baggage module , you have to enter value in Rs and in courier , you have to enter in foreign currency.
I am working in KL, Malaysia. And I am coming to India within 2 months after coming here. I have an Employment Pass here. I want to bring a Samsung LCD TV (46") which costs RM 4000 here (Approx INR 56,000). Could you please let me know how much duty I will have to pay @ Mumbai Airport? I am planning to get it along with me with Access Luggage.
Duty liability on LCD TV will comes once you cross duty free allowance ,and that will be 35 % + 3% cess on this duty. The duty will be charged on value after allowing duty free limit of Rs 25,000/=.
Second hand personal goods importing through Courier will attract fine and penalty, additionally you have to pay customs duty. Goods will be valued by Customs as per conditions of the same.Further delay. Best option is baggage,as far customs is concerned.
I wud like to take a 32 inch lcd Sony Bravia to Chennai shortly. Cud u pls adv duty involved.... I am an Nri and purchased this TV in Dubai at Aed1500 equivalent to something around Rs20000 max. Pls adv urgently
I am in Australia on work permit visa .I came for the first time in August 2009 and went back to India in September 2009. Then again I came in March 2010 and may be going back in September 2011. So I am here for 2 years including a vacation of six moths and eleven days. C
respt sir myself abhijit ashtikar i just want to ask you that my sister stays in dubai and now she is coming back to india on mumbai airport, she is getting an LG LED tv 42" with an home theatre which costs 3000AED(INR37000) can you please tell me that how much she needs to pay .
my ques is can I bring 3 lcd tv sony of 9000 Inr each from bangkok. the total is 27000 . I also know the duty is calculated on excess allowance. But my quantity is 3 pc. Is it possible to pay duty on Rs 2000 only ??
Three LCD Tv by one person,may not be treated as bonafide baggage but may be viewed as commercial quantity.Therefore,you may be denied duty free allowance for all but allowed for one. This is very subjective ,therefore it depends on how do you convince that they are bonafide baggage.
I live in Australia, I just want to confirm that can i send used computer including CPU and LCD to india Or in other way can i import Used computers in india ? please let me know, and Thanks in Advance
I am planning to buy a LED TV (47" - 55" size) & a home theater system (around 20-25 kg) from Dubai. It will cost around 1.50 - 1.80 lakh. I will divide it in two passengers.
I am planning to buy a LED TV (32" - 42" size) from Dubai. It will cost around 20-80 thausand INR. im still working in dubai.im retain india after 2 year. pls advise me how much amoumt allow custom.
I want to buy a LED TV from China. The cost of TV is around $450 for 55 Inch LED TV. According to Indian Currency it will be INR 22300/-. Please let me know how much tax I will need to pay?
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Import costs from China have become a vital issue for many importers. By many metrics, China is one of the largest product manufacturers in the world. Due to China’s manufacturing reputation, many importers, large and small, turn here when they need to import products for their business. As a result, it’s crucial to have an in-depth understanding of the costs of importing from China.
Yes, there are a number of taxes, duties and other fees required when importing goods from China. Most notably, importers are required to pay import taxes, or customs duties, on imported goods, just like they would when importing from any other country.
Additional costs, like Section 301 tariffs and anti-dumping/countervailing duties (AD/CVD) are owed on specific products imported from China. There are also added costs like Merchandise Processing Fees, Harbor Maintenance Fees, and other miscellaneous costs that have to be taken into account when importing.
Customs duties are owed on nearly every product imported from China to the United States. This rule applies so long as the total value of the imported goods totals $800 or more (known as the De Minimis value). If the goods that you’re importing cost less than $800, they are not subject to duty or taxes (with the exception of goods like alcohol and tobacco).
In order to figure out how to calculate import duty from China to the U.S., you need to know your product’s HTS classification. Every internationally traded item can be classified using the International Harmonized System (HS).
Once you find an item’s corresponding HS code (or HTSUS if importing from the United States), you will find the tariff rate associated with that product. That code will then be listed on the commercial invoice.
In addition to the tariff rate, an HTS code will also indicate whether or not the U.S. has a trade relationship with any country for specific product imports. According to the U.S. International Trade Commission (USITC), tariff rates are broken up into three categories:
China falls under the “General” category. That means that the United States and China do not have a trade agreement in place. No special treatment is given on imports of goods from China to the U.S.A.
In addition to normal customs duties, a country may also impose additional tariffs on products imported from foreign countries. In the case of China, the U.S. has imposed Section 301 Tariffson thousands of goods.
Section 301 was signed in 2018 as part of an ongoing trade war between the U.S. and China. The signing imposed tariffs on $550 billion worth of commodities regularly imported from China to the U.S. The tariffs are broken up into four separate lists, each covering various goods and including exclusions and tariff rates.
Our team of Licensed Customs Brokers can help you determine all of the duties, taxes, and fees you"ll be required to pay and even find you ways to lower the costs.
If a foreign country is found to be “dumping” goods into the U.S. at a far lower cost than those goods are being sold in the U.S., antidumping duties will be put in place. The USITC is the organization responsible for implementing anti-dumping duties. Anti-dumping duties are imposed by taxing the goods in question at a far greater rate than the value of those goods.
Similarly, countervailing duties are placed on certain goods for similar reasons. Countervailing duties are implemented when export subsidies make the sale of certain products non-competitive for domestic industries.
According to Customs and Border Protection (CBP), another fee you’ll have to pay when importing into the U.S. is the merchandise processing fee. The amount you pay depends on whether or not the value of your shipment totals more than $2,500 (not including duty, shipping, or insurance fees).
For example, let’s say you have two separate shipments: one valued at $500, and the other at $3,800. Assuming the $500 shipment is manual, but not processed by CBP, you’d owe a flat rate of $6.66 for your merchandise processing fee. That would bring the total cost of your shipment, plus the MPF, to $506.66.
As for the $3,800 order, you would have to multiply the $3,800 by 0.3464, equaling $1,316.32. However, because this figure exceeds the maximum allowed MPF, your fee would be $538.40. That would bring the total cost of your shipment, plus MPF, to $4,338.40.
If your goods are shipped by sea, you’ll be required to pay a Harbor Maintenance Fee. The Harbor Maintenance Fee rate is 0.125% of the value of the imported cargo. There is no minimum or maximum HMF.
Additionally, this fee is charged for goods regardless of duty-free status. Harbor maintenance fees help cover the costs of maintaining ports and harbors around the country.
Many of the taxes and fees listed above are required in order to import from China. However, there are other costs you need to consider. While not always required, freight insurance is highly recommended, especially for high-value items or any items making a cross seas voyage.
Importers must also consider the cost of shipping, storage, and potential accessorial fees owed on the goods once they arrive at port. Federal excise taxes and sales taxes are also required on certain goods. It’s worth noting that value-added taxes (VAT rates) are not charged on imports from China to the U.S.
No matter what you’re planning to import, it’s important to keep in mind all of the potential costs that you may be responsible for before you make your purchase. Below, we’ll list some options available to help reduce import costs.
Do you need an import compliance manual for your business? Make sure that all of your bases are covered in the event of an inspection by CBP, especially if importing goods from a country impacted by an import ban like China. Read more about import compliance manuals and get help determining if it"s the right move for you.
There are multiple ways to reduce import costs when shipping from China. Ultimately though, the process comes down to getting professional advice and being able to do your own research. Some of the best ways to reduce import costs include:
A customs broker licensed by CBP can be an incredible asset when importing goods from China. Ways that a customs broker can help reduce import costs include:
Customs brokers are there to work for you and address all of your importing needs. Hiring a licensed professional is one of the most surefire ways to ensure that the proper procedures are being followed and to avoid or reduce any potential importing costs.
Our team of Licensed Customs Brokers can help you determine all of the duties, taxes, and fees you"ll be required to pay and even find you ways to lower the costs.
When looking to reduce import costs from China, one of the first steps you should take is to shop around for a supplier offering competitive rates. There are countless manufacturers competing for your business. If you don’t find a price or quality of product that meets your needs, simply shop around and screen suppliers until you do.
Some Resellers Advertise Themselves as Manufacturers:While this may not be an issue for many goods, it could create major issues for products that need to be custom-made or require detailed technical specifications.
If a Price is Too Good to be True, It Probably is:While it’s understandable that you would want to find the lowest prices you can, a price that is too low likely signals that the quality of the item is lacking. Shop around for a competitive rate, but be aware that you might get what you pay for.
Be Aware of Minimum Order Quantities (MOQs):Depending on the size of your business, the amount of product that you need to import may not always match up with a seller’s requirements. You may find a supplier that offers competitive rates, but they might require a large MOQ.
If the amount of product that you would have to order exceeds the benefit that you’d get from ordering from a cheaper supplier, it likely won’t be worth it. Shop around until you can find a supplier that meets your needs for both cost and order quantity.
Are any of the goods you import from China manufactured in or sourced from the Xinjiang region? Any goods or materials produced in the region are prohibited from entry into the U.S. Read our article on the Xinjiang import ban to find out more and avoid having your shipment fined and detained.
Another way to reduce import costs from China is to negotiate for Incoterms ® that meet your importing needs. Incoterms ® are mutually agreed-upon conditions between a seller and buyer.
There are 11 different Incoterms ® that can be negotiated. The most buyer-friendly option is Delivered Duty Paid (DDP). In a DDP agreement, the seller is responsible for all costs associated with the shipment, including transportation, insurance and even customs duties.
On the other hand, the most seller-friendly option is Ex Works (EXW). Under EXW, the buyer is responsible for all costs and risks associated with the shipment.
Many small businesses and importers shipping small orders choose EXW when importing. Oftentimes, it’s difficult to get a seller to agree to Incoterms ® that don’t directly benefit them. Instead, a buyer will choose to work with an experienced and reliable customs broker or freight forwarder. When working with a partner that strives to find the best prices and solutions to meet your needs, you can reduce import costs at every turn.
Remember, Incoterms ® are a negotiation. Both parties obviously want the terms that best suit their needs. As the importer, however, you’re unlikely to make that happen without compromising in other areas.
As a result, the most common Incoterms ® are Free on Board (FOB). Under FOB, the buyer and seller split costs 50/50. The seller assumes costs and risks up to the point that the goods are loaded onto the ship for departure. The buyer takes over from there, taking responsibility for the goods while on the ship or once they arrive at their destination.
Finding Incoterms ® that work for you is one of the best ways to reduce import costs from China. If you’d like to learn more, the International Chamber of Commerce (ICC) has a full list of incoterms ® available.
Whether you or your supplier handle the packing and logistics involved in shipping your goods, it’s important to keep in mind how the proper packaging can reduce costs.
In all likelihood, your products will be loaded onto a massive cargo ship with thousands of containers making their journey from China to the U.S. For those shipments, the name of the game is fitting as much cargo into a container - and as many containers onto a ship - as possible.
As a result, freight charges are often calculated based on the weight and volume that the cargo takes up. By consolidating your goods and packing them in an effort to fit more goods into fewer shipments, you can reduce import costs.
Our team of Licensed Customs Brokers can help you determine all of the duties, taxes, and fees you"ll be required to pay and even find you ways to lower the costs.
The short answer is: No, you can’t. When products are imported into the United States, there are always going to be taxes and fees that need to be paid. The closest option available to avoiding import costs would be to negotiate DDP Incoterms ® with your supplier. In that case, the supplier would be responsible for all transportation, insurance and customs duty costs.
However, it’s unlikely that you’ll be able to get a seller to agree to those terms. Even if you are able to obtain these terms, you’ll likely experience increased costs elsewhere.
When looking to reduce import costs from China, it’s crucial to do your research and calculate all costs you’ll be responsible for before you make your purchase. The main costs you’ll need to consider when making your calculations are:
Cost of Goods: Obviously, this will vary depending on the commodities you plan to import, the quantity you plan to import, and the supplier you choose to buy from.
Duties and Tariffs: To calculate the duty owed on imports from China to the U.S., the first thing you need to do is find your product’s HTS code. You can do this by using an HTS code lookup tool to find your product and its corresponding tariff rate. Additionally, check to see whether your product is subject to any AD/CVD or falls under Section 301 tariffs.
Transportation and Shipping: These costs will vary depending on the mode of transportation you use to ship your products (ocean, air, etc.), the port that your goods are departing from/arriving to, and the shipping company you choose.
Other Fees: This includes costs like the merchandise processing fees and harbor maintenance fees (discussed and calculated above), as well as insurance, document fees, accessorial charges, and more.
The total cost for each of these expenses will always depend on you and your business needs. Once you determine the cost of each of these factors, you can add them together to calculate your total import costs.
New entrepreneurs and established import/export businesses, alike, turn to China when looking to import products into the United States. China is one of the top global options for product sourcing due to its quick turnaround time, high output and low cost of products.
In fact, according to the Office of the United States Trade Representative (USTR), China was the largest supplier of goods imported into the United States in 2020. Altogether, China totaled $434.7 billion and accounted for 18.6% of U.S. imports. The most imported products include:
China is also the U.S.’s seventh-largest supplier of agriculture products, totaling $3.8 billion in 2020. The most imported agricultural imports include:
Whether you’re an experienced importer or a new entrepreneur, navigating the world of customs clearance and global imports can be complicated and confusing. At USA Customs Clearance, we have the experience and know-how to help you buy and sell products internationally, and reduce costs while doing so.
Our Licensed Customs Brokers can guide you through every step of the import process. They can also help you register to become an Importer of Record. If you need to secure a customs bond, we can help with that too. You can even purchase a new importer bundle, which includes each of these options and more! Speak with one of our experts and get started importing today.
Our team of Licensed Customs Brokers can help you determine all of the duties, taxes, and fees you"ll be required to pay and even find you ways to lower the costs.
NEW DELHI: India may refrain from levying import duties on display and touch panel assemblies — key components used in mobiles — in the upcoming budget to ensure supply of cheaper inputs and boost local manufacturing even as some component makers favour the levy as a measure of protection.
“Import duties on some components under the phased manufacturing programme (PMP) have not been recommended… the industry had asked for these changes,” a government official said.
The government has shelved its plan to levy 10% basic customs duty on display assemblies, touch panel assemblies and cover glass for mobiles from the next fiscal year as part of PMP.
In twin relief for India’s economy, retail inflation eased more than expected to a 12-month low in December while industrial growth swung to a five-month high in November from a contraction in the preceding month, separate data releases on Monday showed.
India’s capital-markets regulator has sent notices to several Alternative Investment Funds (AIFs), which include both private equity investors and venture capitalists, for alleged violation of specified tenure rules on their investment vehicles, people with direct knowledge of the development told ET.
Infosys posted a 13.4% growth in net profit for the fiscal third quarter, beating estimates and upgrading its annual revenue guidance, highlighting a strong pipeline of existing deals for India’s second-largest software exporter.
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Extension of Closing date of Notice Inviting applications for the post of Additional Assistant Director in various Directorates under CBIC on a deputation basis- Reg.
Notification for Departmental Examination for promotion of Tax Assistants to the Grade of Executive Assistants of Central Taxes & Customs to be held in the month of March, 2023
Request for Expression of Interest (EOIs) for Empanelment of CAs/ICWAs for conducting Special Audit under Section 66 of the CGST Act, 2017 at CGST Audit-1 Commissionerate, Delhi
Marks of Deptt. Exam. for Inspectors of Central Tax held in 02.08.2022 to 05.08.2022 declared. Nodal Officers (Exam) may download marks-sheet along with forwarding letter from their e-Mail ID.
Notification issued to extend the due date for furnishing FORM GSTR-1 for November 2022 for registered persons whose principal place of business is in certain districts of Tamil Nadu.
Notification for Departmental Examination for promotion of Ministerial Officers to the Grade of Inspectors of Central Taxes, Inspectors of Customs (Preventive Officers) & Inspectors of Customs (Examiners) to be held in the month of February 2023. It also contains the Schedule, Syllabus, and Instructions for Examination along with the format (in Annexure II) for requesting Question Papers. The Notification can be viewed through this link -
CBIC has issued Postal Export (Electronic Declaration and Processing) Regulations, 2022 in furtherance of ease of doing business Notification No. 103/2022-Customs (NT)|Notification No. 104/2022-Customs (NT)|Circular No. 25/2022
DGTS is organizing an open house meeting with interested communication agencies for” Selection of Communication Agency for CBIC"s Taxpayer outreach programs on 01st December, 2022Click here
Manner of processing and sanction of IGST refunds, withheld in terms of clause (c) of sub-rule (4) of rule 96, transmitted to the jurisdictional GST authorities under sub-rule (5A) of rule 96 of the CGST Rules, 2017Click here
CBIC issued notifications to empower the Competition Commission of India to handle anti-profiteering cases under CGST Act, 2017 with effect from 01.12.2022Click here
A 10-15 percent basic customs duty imposed by India on mobile phone display assembly posed a challenge to Chinese mobile phone makers in the country, an industry insider has claimed.
Following the Indian government"s continuous crackdown on Chinese mobile phone companies, it is yet another move to politicize normal commercial exchange, a Chinese executive based in India told the Global Times on condition of anonymity on Sunday.
Chinese smart phone brands will be affected by the customs duty the most, as it seeks to force Chinese smartphone component companies to set up plants in India and secretly increase the cost of Chinese smart phone makers which typically import components and assemble them in India, the source said.
According to the Central Board of Indirect Taxes and Customs, import of display assembly of cellular mobile phones along with back-support frames will attract a basic customs duty of 10 percent, but if other items such as the antenna pin and power keys are imported along with the display assembly, the duty on the whole assembly will be 15 percent, local media reported Friday.
India has stepped up its crackdown on Chinese firms over recent years. It has banished more than Chinese 300 apps, including Tencent"s WeChat and ByteDance"s TikTok, according to media reports.
Xiaomi, the top selling brand in India, told investors on a teleconference that it is coping with the Indian government probe actively and has successfully unfrozen funds worth of $700 million and is in negotiation for the unfreezing of the rest of the fund via both candid communications with the Indian government and the legal system, according to thepaper.cn.
I read your publication about the current Chinese export-import tarriff system with interest.However,I am short in getting answer for my immediate question.Perhaps you could help me,I hope
we are exporting weekly goods to Shenzhen district, but in last months it happens that a lot of containers have been stopped to Customs since Customs agents request specific declaration on the amount od Insurance Premium. For us it’s extremely difficult to declare this amount for each invoice since we pay a yearly premium.
Moreover in February we increased some prices and Customs rejected our invoices!!! They told us to declare the reason of the increasing!! So, in accordance with customer, we decided to change all the commercial names of the items in order to avoid confusion!
Customs does not accept annual insurance declarations. However the Customs officer should advise the exporter how to make the declaration, so that this technicality can be resolved easily.
The exporter has the right adjust the prices of products. Customs does however check and asks for explanation of the adjustment. This is done to understand the reason for the change and to avoid human error.
I am looking at setting up a repair centre in Guangzhou to repair my hearing aid devices, the idea would be to have all Asia Pacific countries to ship to Guangzhou for repair and then the repair centre to ship back to those countries. Currently I am going through many websites to understand all requirements, duties & VAT so I can complete a cost comparison to our current process, I am looking for as much information as possible and hoping that you can help me out.
this business and I’m confused as the information regarding taxes and pricing keep changing from person to person that i’ve come across. Can anyone give me information how I should proceed?
As mentioned in the article, export duties are only imposed on a small number of certain goods. In order to confirm the duties on export for polyester, we can check with the Customs Bureau. We will follow-up with you about this in a separate email.
I plan to import POLISHED PORCELAIN FLOOR TILES from Fushan, China, to Pakistan. Will be grateful to know any export tax / FTA or some other tax and the rate of tax applicable to this item. Thanks.
We are having our supplier in India, ship an individual component to our supplier in China, who assembles the entire product using this Indian component, packages and ships the finished assembly to our company in the U.S.
How do we avoid having our Chinese supplier pay a lot of duties and taxes on the component from India, when they are turning right around and exporting the component as part of the total assembly?
I am an Australian boat builder who is looking to get our boats built in China and then shipped back to Australia to sell. My question is what amount of Import tax and duty do I have to pay if I buy and ship the aluminium material from Singapore to the boat building yard in China ? Do I get any refund when the boat produced from this material is shipped from China back to Australia ? Looking foward to your thoughts, Adam.
Thanks for your question. The duty payable in China on imported aluminium into China could be zero if the boat building yard is located in a export processing or bonded zone. In this way they can be shipped to China, worked on but as the product is not intended for the Chinese domestic market they do not ‘officially” enter China. So you need to find a boatyard located in such a site. Otherwise duty will be payable, and as the product is not meant for the China market this just adds an unnecessary – and avoidable – element to the end cost. Let me know if you need assistance with site location, we have clients in the boat building industry in China. – Chris
We are a boat building company based in Indonesia. We plan to export a newly built 32 meter luxury yacht into Hainan, China. We will cruiser her straight from Jakarta into Hainan. What sort of taxes will my customer come across with the importation of this yacht? Just keeping a heads up for my client.
@Astrid – There is a search function on the official website of China Customs and Import duties of various goods abd their respective HS codes that can be found here:
@Haluk: There are four different kinds of aluminum ingots listed under the China Custom’s Online Service Center. The site is in Chinese but does have a search function. It’s here: http://service.customs.gov.cn/default.aspx?tabid=9409
Anyway, exporting aluminum ingots from China is subject to both export duty and value-added tax. The tax rate of VAT is always 17%, while the export duty rate is 15% for such resources.
i was trying to use link (http://www.customs.gov.cn/publish/portal0/tab9409/) for seaching HS codes by myself but i was not succesful. That page did not let me trough its verification code. So i decided to ask here and i would be grateful for any reply to my email.
My company is starting business with importing goods to Europe from China. I have a regular discussion about export duties with my china suppliers. I would like to have some sort of credible source which would give me straight and clear information about real export duties which my china supplier is facing. Is there some credible government source like this in english language?
We are importing to EU mainly HS8443999090 and HS4811900000, HS3703900000. Can i ask about real export duties with these goods? Im especially interested if i had to pay 17% China VAT when im exporting these goods from China to Europe.
I have some issues with my commercialization strategy, your article was really useful but I wonder if there is any chance to email you with some doubts. I am planning on exporting menswear to china,
I think the problem you are facing on that website is that you are putting the “HS” in front of the code, which doesn’t work. You just have to put the numerical code in directly. However, yes it is only in Chinese and can be a bit confusing.
Our China site has been importing goods from different countries. We had encountered an issue where in the China Customs is taxing us base on a higher value. We bought the goods from Singapore for like .05/unit. China customs is taxing us base on 0.162/unit. They do not accept that the real price for the item is just 0.05/unit.
I am administrating an international school in mainland china, and I want to order some textbooks from America. The American textbook publisher requires me to provide my customs registration number before I can complete the order, but I’m finding it very difficult to find out how to get such a number.
@Herbie: You need to provide proof to China customs that the goods were purchased at the amount you said. However they do keep a database of prices on gloablly traded products to ensure the correct amount is being declared, and they can and do impose what they feel is the correct dutiable value on the goods if they wish. You need to negotiate with them and provide hard evidence of proof of the true cost. – Chris
@Nathan: Bringing in school textbooks from overseas can be very difficult as the Chinese government monitor very carefully the publications that can be brought in. It’s not just a matter of customs, it’s also a matter for several other Government departments as well, including the Ministry of Education and the Ministry of Propaganda. You will need professional assitance with this. I have sent you a personal email to discuss. – Chris
@Kian – this China Ministry of Customs website lists all the applicable duties on HS codes for goods imported into China: http://www.customs.gov.cn/publish/portal0/tab9409/
If a local Chinese living in PRC purchases Gold or Silver in either bars or coins from the UK but wants them sending to him/her from the UK to PRC, then are these items subject to any tax.?
Could you please help me check what are the HS codes of quartz-based engineered/artificial/man-made stone and natural stone (marble/granite) exported to China? Is it 68101100 or 68101910 or any number else?
@John Scott: According to China’s customs regulations, gold, silver and the products made from them are duty-free and do not need to be declared if they are less than 50g (2 ounce) in weight. If the amount exceeds the limitation, you should declare it, and duty will be payable. On another note, I wouldn’t be sending gold or valuables through the post or even courier to China. It would be far safer to collect in UK and bring it back in personal luggage.
Modifications and so on you’re best talking to the manufacturer directly, and there are so many – you’ll need to conduct your own online research on that as I have no idea what specification or type of vehicle you want.
I intend to import to the Philippines some stuffed toys (animals – dog, cats, etc.) coming off from a plant in China. My supplier intends to impose their local taxes on top of my acquisition cost. We are willing to accept this term. My question is: how would I know if proper taxes were really levied on the goods? I would like to know how it is calculated and their Tariff rates for such. Reason here is I would like to be fair and have a check & balance protocol for this “at-my-cost” field. Thank you!!
Our company is supplying business partners in China with special metal goods of purpose for car industry produced and developed in EU. Just recently custom in a way blocked one of last shipment and making complete due diligance of supplier and importer and finialy asking for paying of waranty fee, extra duty tax.
I propose exporting rooibos tea(indigenous to South Africa) to China.As part of the BRICS’s trading block what are the import and or customs duties from South Africa to China?
@Rob Read: There are over seven kinds of HS codes for tea in China, however, none of them are specifically for the ‘Rooibos tea’ you enquired about. Overall, tariff duties for various kinds of tea are the same in the country. Specifically:
@Bryan Horridge: In China, tariff duties for a boat vary a lot depending on the size, engine and intended purpose of each boat. We need more information on the boats you intend to manufacture so we can provide detailed tax rates. You can email to tax@dezshira.com to get in touch. We’d also need to know the place of manufacture in China.
If you decide to make the boats in China and use the available materials in the country, the purchase of such materials and the sale of the finished boat is subject to value-added tax and consumption tax.
We are planning on making large quantities of copper imports from US to China. Much of the material may be raw, unprocessed scrap metal. What would be the tariffs I am looking at?
There’s no tax due when you buy product from China, just the purchase amount and the shipping costs which your supplier should be able to advise. However you may face import (customs) duties in the US.
There is an international system in place so that customs officials across each country and around the world can understand each other in relation to specific products. It is called the “Harmonized Tariff Schedule” (commonly referred to as the HS Code) and means nearly all products have a specific code number. If you know that number you can refer to the import duty as applicable in any country.
If you look up Christmas Stockings (probably under decorative stockings) that’ll give you the HS Code and you can find the import duty applicable in the United States.
That will tell you how much the total cost of these items is including purchase, shipping and US import taxes, and from there you can work out how much you need to add to that (marketing, transportation, packaging and your profit) to make this a viable business proposition.
My company imports from China. What are the tax rates, and how do we get VAT back? From where do I get the information about logistic, foe example what roots are the shortest how much the prices are, what are my benefits from importing from China etc..
@Miss T: You can only claim back VAT in China if you have a legal presence there. However, your supplier should be deducting part of this from your invoices as they can claim VAT back when they export to you. If they are charging you the full 17% VAT then that is a mark up on your invoice that should be questioned.
We are exporting boats (luxury yachts) from China to HongKong, Europe and USA. We are looking for the exact types of certifications we need as it seems it is different if the boat is shipped by cargo or sailed on her own bottom.
It is hard to find regulation about the certifications (CE, Module B, Module F, CCS…) needed in each case. I know it is not the exact subject of the article but maybe you can help.
@Em: When exporting boats from China to other countries, the enterprises need to apply with the Chinese customs and submit all the required materials, including the application form, information of the ship and names of the crew. If such application has been approved, the customs will issue a certificate that allows the boat to exit the Chinese port. In terms of the type of the certification, it depends on the imported country of the boat. For example, CE certification is required for all recreational boats entering or sold in the European Union, while CCS certification may be required for importing boats to China.
This is quite a complicated procedural process. If you need assistance please contact one of our China offices for professional assistance with customs: china@dezshira.com
@James – There are six kinds of HS codes for watches in China, and tariff duties vary a lot depending on the materials and brands of the watches. Specifically:
As China and Hong Kong have signed a series of CEPA deals, watches recognized by Chinese government as “Hong Kong’s Own Brand” can enjoy zero import tariff treatment when exporting to China. A full list of Hong Kong’s own watch brands can be found here:
For your information, Chinese brands such as Seagull http://www.seagullwatches.com and the French-Chinese brand The Chinese Timekeeper http://www.thechinesetimekeeper.com are gaining more in desirability because they are making some very fine watches and are Chinese in origin.
i am looking some information.i am from Bangladesh.If i import Ready made Garments (RMG) from Bangladesh what is the tax rate or tariff duties?can someone let me know?
@Solaiman Siddique: There is some variation about the exact HS code for these products as RMGs made by different materials vary a little within their normal rate. Generally, the minimum tariff rate is 16%, and normal rate ranges from 9% to 13%. They are also subject to 17% VAT.
@Nuno: I will send you a back issue of China Briefing magazine on the subject, also please use our ‘search’ function on this website at the top of the page, Just type in “VAT” and it’ll provide you with all our articles on the subject.
We have been offered a MGO manufacturing plant in Nanjing in an ordinary manufacturing zone, not an export zone that I am told holds an export licence, Need advice we wish to purchase PC items out of China doors windows and produce our own MGO board in china for our own use back in Australia for housing construction, First is the export licence an advantage?
@Alfred – my colleague Richard Cant in the Shanghai office of Dezan Shira & Associates will contact you directly via email concerning this issue. – Chris
What is the China Customs duty rate for the importation by individuals (entering at the airport with said items in possession not intended for sale) for gold and silver coins and bullion that exceed 50 grams. And, how is the dutiable value determined on the coins, by their face value or weight??
@Mr. G: Gold and silver coins and bullion that exceed 50 grams in weight being brought into China are required to go through custom declaration. Chinese customs will determine how many quantities of gold and silver exceed their “reasonable range for self-use” based on relevant criteria. For excess self-use they items may be subject to import duties at 10% on their recent market value.
recently some of my competitors have tried to contact my custom agent in china and tried to get the information of the invoices i submit for custom clearance of my goods
@Jorge – No, your customs agent should NOT be divulging this information to your competitors. But that doesn’t mean that he isn’t. If you think he is leaking this data then I suggest changing your customs agent. It would be difficult to bring a legal case in this instance, although I agree it is wrong it would be a very hard case to prove. – Best regards – Chris
Hello I am looking at exporting plastic decking material to Hong Kong from England. Please advise the necessary taxes I have to allow for. Can you please confirm ASAP. Thank you
@Titus: Hong Kong is a free port and does not impose any customs tariff on imports and exports except for four types of dutiable commodities: liquor, tobacco, hydrocarbon oil, and methyl alcohol. So you have no customs duties to pay when shipping the items described to HK.
We are looking to export Centrifugal fans to China and are keen to know how duties and taxes would be calculated and if there is a different rate if the fans are assembled or shipped as components.
@Yuni – You need to find out the HS code for the product. This is an internationally recognized code that customs officials worldwide use to identify specific products. If you don’t have this you will be unable to export it from China or import it into Indonesia as no-one will be able to identify what it is. So you need to find this out. I suggest you visit http://www.hscode.org to help identify the relevant number.
@Bill – The common rate and minimum rate for import duty of Centrifugal fans are 30 percent and 8 percent respectively, and 50 percent and 0 percent for fans with power less than 125w. Tax rate is usually lower for importing components and then assembling in China. However, the customs of China will assess the value of the components, and if the total price of the components accounted for more than 60 percent of the price for a complete equipment, tax rate for complete equipment will be applied.
@Sam – Well that’s really an India import tax question. But we can answer that we have offices in India. On the hard disks imported into India, Basic Customs Duty is zero. However, a Counter-Vailing duty @ 6% and Central excise and customs education cess are imposed @ 3%, each. Further there is Special duty imposed @ 4%.
I’m working on a cost simulation for selling Lithium Carbonate ( it seems that HS 28369100 covers both technical/industrial grade and battery grade) to countries in the Asia Pacific block and eventually Europe. As far as what I’ve learned from your different answers, exporters would get the VAT back on one side and the Chinese company wouldn’t pay duties if it reimports a purified product within 6 months assuming the company exports a product concentrate to Vietnam (for instance) where it gets purified (No HS# change though).
All that said, what are the regular export duties for Lithium Carbonate ? If exceeding the 6 months to re import, what would be the import duties then?
If the lithium carbonate failed to be re-imported within six months, you can apply for extension with relevant customs and such period can be extended for another three months upon approval. However, if the lithium carbonate failed to be re-imported within nine months after being exported, the regular import duties shall apply.
We are a rope manufacturer in the US. We are exporting some cordage to a manufacturer in Qingdao China that will add them to sport bags they are making for us. They will ship the finished product back to us in the States. Will there be taxes and duties placed on this item in China ? Should I place any special wording on the commercial invoice to eliminate taxes since this will be used for manufacturing and shipped back to us. Thanks
hi , I have export out good frequently to china, and every time I stuck with china custom, due to import licence in china, how should we go about applying for this licence, and as for custom duty is there any bench mark or how percent charge ??
@Mark: You shouldn’t face any export duties on these items – but it’s best to check that the manufacturer won’t add on any unnecessary surcharges. Let us know if you need assistance with this.
@Sharim: You can get an Import-Export license by setting up your own Trading Company in China. Our China Briefing magazine issue “Trading With China” details this and can be downloaded here: http://www.asiabriefing.com/store/book/trading-with-china-398
Again, if you need assistance with the setup procedures let us know. In terms of duties, they vary from product to product but the same rate should always apply for each specific item unless regulatory changes occur to adjust this.
I am curious about the taxes and duties I would have to pay if say I purchased tobacco products, more specifically, 100 Cuban cigars, from Hong Kong to China mainland (Shandong province). I am having a difficult time attempting to figure this out (new to the system).
You have a wonderful resource here with Asia Briefing and I’m a regular reader of the magazine and newsletter. My situation is I live in Shanghai and am interested in having 8 oil paintings shipped to me from a friend in the States. Will there be any trouble with customs, and if so how do I go about taking care of this ahead of time and avoiding any hassle? How would any import duty rate be implemented on something like artwork where prices are largely speculative?
Separate question – these will be for my personal collection, but if I want to sell one or two off in the city down the road what will my tax liabilities be?
@Art Collector: Personal articles will be considered as import and subject to import duty when the value of a single article exceeds 1000 RMB and has been determined by the customs as “not for personal use”. Once the paintings are considered imported goods, the import duty = duty paying value * import duty rate. The import duty rate is temporarily reduced to 6% for oil paintings since 2012, and the duty paying value of the paintings will be determined by either the price on the invoice or the recent market price of similar goods from the same source, whichever is applicable.
Incomes from selling the paintings will be subject to individual income tax (IIT). The IIT rate is usually 20%. 3% IIT rate will be applied if the original value of the painting is unable to be determined. If the sales are conducted by an enterprise, the incomes will be subject to corporate income tax instead, with the tax rate of 25%.
I never import such items into China anymore, even for personal use as sometimes things have just gone missing. I’d certainly never rely on China Post, who have a 50% failure rate of delivery whenever I’ve had things sent in from overseas. I’d encourage you to ship to Hong Kong and then hand carry in.
@Adeleh: The VAT rate for both SD cards and Roots Blowers are 17%, and the rate is the same for the same products in all cities of China. The VAT is included in the price you paid to the suppliers. After the export, you could file export refund at local tax bureau. Currently, the VAT rebate rate for both of these products are also 17%, so