How do I get an import export license in China?
You should apply for your import license to MOFCOM (the Ministry of Commerce). The authority is responsible for issuing new regulations related to foreign direct investments, exports, imports, and trade. Keep in mind that your importer should manage the application to receive an import license.
What is the procedure to import goods from China?
How to Import Goods from China to India
- Register your Legal Entity in India – For the Starting any type of business you have to register a Legal Entity in India.
- Apply for the Tax Registration – After the Incorporation you have to apply for the Tax Registration on your Goods.
- Apply for the IEC Code Registration –
What is export declaration in China?
There is not one particular framework for customs requirements in China. A customs declaration is a document that lists and provides details of goods that are being imported or exported. Legally a customs declaration is the act of a person indicating the wish to place goods under a given customs procedure.
What documents do I need to export to China?
Export Document Requirements for China
- Bill of lading.
- Commercial invoice.
- Packing List.
- Sales contract.
- Proforma invoice.
- Certificate of origin signed by a local chamber of commerce.
- AES filing.
- Customs declaration.
Do I need an export Licence to ship to China?
The export license is required for the goods to be shipped from China. Most exports from China are carried out by Foreign Trade Companies (FTCs).
Do I need license to import from China?
Do I Need a Permit to Import from China? There is no general import permit for importing products from China. However, you might need a permit to import from a federal agency certain goods from China. As an importer, you must ensure your imported products meet all federal requirements, which sometimes include permits.
How do I import and export from China?
Once you have a GST registration, you can apply for an import/export license from the DGFT Department, in the form of the IEC Code. To apply for such a code, your company will need to have a valid Current Account in a bank in India in its name. The entire process of applying for the IEC code is now online.
What is a CR code for shipping to China?
Customs Registration code
What is a CR number? After your importer has registered at the China customs, you’ll receive a so-called CR code (Customs Registration code). The code is required for both imports and exports in China. The CR code should be stated in the customs declaration to pass the customs clearance.
What is export procedure?
For exporting the goods, the forwarding agent first obtains a permit from the customs department. II. He must disclose all the required details of the goods to be exported such as nature, quantity, and weight to the shipping company. III. The forwarding agent has to prepare a shipping bill/order.
What kind of taxes do you pay when importing from China?
In many instances, there are three types of taxes for importing goods from China, which include the following; Value-added tax -Currently, all the products imported to China are subjected to VAT of either 9% or 13%. The 9% VAT tax is available for specific products categorized within the agricultural and utility items.
Do you have to pay customs fee from China?
Customs fee while importing from China would completely depend on the type of product you are importing. In some products you do not have to pay ant customs fee and in some restricted product you need to pay custom fee as per the law. This is the second option if you want to import product without having a company name registered.
What do you mean by import and export duty?
What is Import and Export Duty? It refers to an indirect tax, which is often levied on a wide range of imported and exported goods. In most instances, it is always known as customs duty. This type of tax is a fundamental element in international trade.
What is Article 10 of the customs law?
Article 10 Any Customs clearing agent entrusted by the exporter or the importer of import or export goods to complete Customs formalities in the principal’s name shall produce to the Customs a letter of authorization and comply with all the provisions governing the principal provided for in this Law.