7 Hidden Rules That Customs Brokers Will Never Tell You
Have you ever been in a frantic state because a box of overseas goods was detained at the customs for half a month? When Mr. Zhang imported precision instruments from Germany last year, he incurred a demurrage fee of 30,000 yuan due to omitting to fill in the HS code. In fact, 90% of customs declaration delays are caused by insufficient understanding of basic procedures. This article will break down the seven key steps of the entire customs declaration process to help you avoid risks like a professional customs officer.
The complete set of customs declaration documents is like a patient's medical checkup report, none of which can be missing:
- Commercial Invoice (trade terms such as FOB/CIF should be reflected)
- Packing List (the error of gross and net weights should be less than 3%)
- Copy of Contract (pay attention to the consistency of signatures and seals)
- Transport Documents (the original of the ocean bill of lading is required)
This 10-digit combination directly determines the tariff rate and regulatory conditions:
- The first 6 digits are globally universal (for example, 847130 is for notebook computers)
- The last 4 digits are customized by each country (in China, the last two digits usually represent the value-added tax rate)
Electronic declaration should be completed within 14 days after the means of transport enters the country. When submitting documents on site, note:
- Amendments to the customs declaration form should be proposed before release
- If the amount is more than 500,000 yuan, price proof materials should be provided
In addition to regular tariffs and value-added taxes, also note:
- Anti-dumping Duties (for example, the tariff rate of aluminum alloy plates in the United States is 167.16%)
- Provisional Tariff Rates (854 commodities will be adjusted in 2024)
When encountering inspections:
- Wooden packaging should have an IPPC mark
- Sample declarations should indicate "No Commercial Value"
The customs still has the right to conduct audits within 3 years after release. It is recommended:
- Preserve the original documents for at least 5 years
- Royalty fees should be actively declared
- Further Reading
- Do you really understand customs brokerage companies?
- Do You Really Understand Printing Machine Customs Brokerage?
- Stop making random choices when selecting an import customs brokerage company. This article is all you need!
- Did you know there are these hidden rules in export tax rebates? Do you know how to get a tax rebate?
- Import and Re-export Trade: The "Unspoken Rules" of Global Trade You Don't Know
- Is it really necessary to pay taxes for customs clearance of free samples? The hidden rules that 90% of enterprises don't know about
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