What exactly are the import duties for stone blanks through agency? Does anyone know?
Solved#Import agent#
I plan to import stone blanks through an agency and would like to know the specific situation of the import duties for stone blanks through agency. I don't know if there will be differences in the duties for different types of stone blanks, and what the calculation method for the import duties is. Are there any relevant policies that will affect the level of the duties? I hope that friends who know about this can help me with a detailed answer. Thank you very much.
Professional consultant answers
William YangYears of service：5Customer Rating：5.0
International logistics consultantConsult
The tariff rates of the import duties for stone blanks through agency vary depending on the type of stone blanks. For example, for marble and travertine stone blanks, the most-favored-nation import tariff rate is usually 0%, and the ordinary tariff rate is 14%. For other stone blanks such as granite, the most-favored-nation import tariff rate is generally 4%, and the ordinary tariff rate is 14%.
The calculation method of duties: The amount of duty = the dutiable value × the tariff rate. Here, the dutiable value is generally the CIF price (cost, insurance and freight), which is determined by the customs.
In addition, the tariff policies may be adjusted. For example, under some free trade agreements, if the relevant rules of origin are met, the imported stone blanks can enjoy more favorable tariff rates or even zero tariffs. Before importing through an agency, it is recommended to consult a professional agency company like Zhongshitong in detail to understand the latest policies and the classification of goods, so as to accurately calculate the cost of duties.
Andrew HuangYears of service：7Customer Rating：5.0
Supply chain optimization expertConsult
The import duties for stone blanks will be affected by the place of origin. If it is from a country that has signed a free trade agreement with China, the duties may be preferential. It is best to let the agency check the relevant policies of the country of origin clearly.
Joseph ZhouYears of service：10Customer Rating：5.0
Senior foreign trade managerConsult
In addition to duties, there may also be value-added tax for imported stone blanks, which is generally 13%. Don't forget this item when calculating the cost.
Jennifer WangYears of service：4Customer Rating：5.0
Market development consultantConsult
The classification of goods is very important. Different classifications result in different duties. When looking for an agency, confirm that they are familiar with the classification of stone blanks to avoid differences in duties due to incorrect classification.
Robert ChenYears of service：6Customer Rating：5.0
Customer service consultantConsult
Sometimes there will be provisional tariff rates, which are even lower than the most-favored-nation tariff rates. Pay attention to the latest announcements of provisional tariff rates before importing, which can save a lot of costs.
James LiuYears of service：10Customer Rating：5.0
Foreign trade tax refund consultantConsult
The import of stone blanks may also involve customs supervision conditions. Only by meeting these conditions can the goods be cleared smoothly, which also indirectly affects the process of paying duties.
David LiYears of service：6Customer Rating：5.0
Senior customs declaration consultantConsult
The fluctuation of exchange rates has an impact on duties, because the dutiable value involves the conversion of foreign currencies and is calculated according to the exchange rate when the customs accepts the declaration.
Emily LiuYears of service：10Customer Rating：5.0
Settlement and payment expertConsult
If the imported stone blanks are used for specific projects, there may be tax reduction and exemption policies. You can ask the agency to help you understand and apply for them.
Elizabeth LiYears of service：3Customer Rating：5.0
Compliance and risk managerConsult
The mode of trade may also affect duties. For example, general trade and processing trade have different treatments of duties.