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10 Tips To Import Bicycle Rack From China (Part Two)

  • Author:Rita
  • Release on :2016-01-04
Several days ago,I shared the first five steps to import bike rack from China,today,I will tell you the second five tips,please read as follows:

  1. Declare your imports to HMRC
    Imports from outside the European Union (EU) into the UK must be declared to HM Revenue & Customs (HMRC). This is usually done using the Single Administrative Document (SAD), also known as form C88.

     
  2. Familiarise yourself with the UK Trade Tariff
    The Integrated Tariff of the United Kingdom, also known as the Tariff, is a guide that clarifies what you as an importer or exporter need to know and the rates of duty you should pay. You can use the Tariff to find the current duty and import VAT rates as well as to tell you whether your goods require a licence.

     
  3. Understand the importance of commodity codes
    When trading with China, you will need to find the correct commodity code for your goods so you can fill out customs paperwork accurately. The code is a ten-digit number for imports from outside the EU. Once you know the commodity code, you can look up other important information such as duty rates and any import or export restrictions.

     
  4. Check if you need an import licence
    You may need an import licence to import goods from China into the UK. There are import controls on a range of different goods including firearms, food and textiles.

     
  5. Taxes and duties on imports
    It is important that as a trader you know whether you have to pay import VAT and duty on your goods before they can be cleared for entry into the UK. Imports may be liable to import duty, depending on the classification of the goods and where they come from. VAT is charged on goods imported from outside the European Union at the same rate as if you bought the goods in the UK (currently 20%).
For now,my share have finished,if you have any question about the import from China,please ask me frankly,my email address at the end of this article.Also,if you want to read the first five tips,please click here.

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