How to inquire the US HTS CODE and import tariffs?
The official website is:
Ways for inquiry:
Inquire HTS CODE: Go to the above website and then type the first six digits of the Chinese HS CODE in the search box under Search for current Harmonized Tariff Schedule… under Tariff Assistance, such as table lamp 940520****. The left border of the search results page has detailed HTS CODE, and then you can choose it according to your product.
Inquire the import duties: “General” in the left column of Rates of Duty 1 on the search page is the general import tax rate, and the “Special” column in the right column is the import tax rate levied by the United States on specific countries.
At present, some foreign traders have encountered problems that buyers need to pay 25% tariffs after goods arrives the United States. In the end, buyers choose to abandon the goods, and the exporter needs to handle the follow-up matters such as returning the goods. They not only lose money but also feel agitated.
So when exporting products to the United States, remember to take the initiative to check whether the product is included in the tax list, and initiatively contact the US buyers to verify the situation. Regardless of the order of the DDP clause or the operation of the US Amazon, it is necessary to confirm the US customs clearance tariff in advance. It is very likely that the export tariff last month is very different from the tariff this month.
In addition, don’t completely hope that buyers can proactively update market trends timely. Perhaps buyers are not as professional as you think.
What should we do later when exporting products to the United States?
For many companies, 25% tariffs is very heavy. And many companies have also felt that entrepot trade tax avoidance is a good idea. Of course, some companies are already making entrepot trade.
What is entrepot trade?
Traders or manufacturers do trade no longer directly between China and the destination consumer countries, but through the use of third-party countries with equally developed productivity to trade, the conversion of trade entities legal tax avoidance. The United States has increased tariffs on Chinese products, but does not do that on certain countries. The transfer of goods to this third-party country has increased some transit costs, but avoided high anti-dumping duties.
Risks to be paid attention to entrepot trade
Risk of cargo rights
Since who we find is an agent, and it is necessary for a third party to transfer in a third-party country, it is also possible to directly confiscate the goods if the agent company is low in credit. In the third-party country to the destination customer, this is a re-export trade agent, and this operation is in the hands of third-party agents. It may also encounter the possibility of customer collusion agent release
In the hands of the three-way transit agency, will the funds be misappropriated? Even if the contract is signed, will the entrepot trading company take the money to run? Once there was a re-export enterprise swallowed a total of more than 100 million funds and fled overseas. After all, international trade funds are often huge, and the trade volume of dozens of customers may exceed 100 million.
Destination port clearance risk
Many re-export trade agents will issue false third-party transit national certificate documents. If they are found at the port of destination, they will be discovered, resulting in difficulties in customs clearance and high fines.
Enterprises with export agents, with a large number of exports, will increase the inspection rate. If the documents of the agent are false at this time, the goods may be detained, causing problems such as fines.
Notes for Re-export trade
Let the buyer know. You can’t directly do re-export without telling customers. Because it is to be re-exported, the package should be made of neutral packaging, or notes the third domestically produced land, but can not have the logo of “MADE IN CHINA”, or can not be identified as Chinese products.
The T/T method. Notify the customer to pay the agent company, and the agency company deducts the handling fee and calls it to the domestic and domestic production. The customer pays the balance to the agency company. After deducting the handling fee, the agency transfers the fee to the domestic company, sends the receipt to the agent company domestically, or gives it to the electric discharge.
For some L/C operations, since the customs clearance documents for customers are third-party countries, and the letter of credit is for the receipt of foreign exchange, the letter of credit must indicate that the third-party documents are acceptable.
Find a re-export trading company in Southeast Asia (Thailand, Singapore, Philippines, South Korea, etc.) and sign a contract with them. Pay attention to the US customs duties on the country. Discuss with the US customers whether the export documents of the third-party agents can be accepted as payment terms, and whether the export documents provided by the agent can be used as customs clearance documents. After the US customers understand the agreement, the goods or letters of credit are opened to the re-export trade. The tripartite agency, and the customer to determine the contract, in accordance with these terms, let the US guests and the tripartite company sign in accordance with this contract, the delivery period is to increase here, to calculate the time from China’s shipment to the tripartite country, and then consider The re-export trader handles the transit time, such as the procedures for entering and exiting customs clearance, and the time for changing the cabinet, and leaving a certain amount of room.
The simplest way is that the tripartite agency is equivalent to a trading company in Southeast Asia and other places. After purchasing from us and then reselling it to the United States, the same treatment method is that the profit becomes our agency fee but we operate it.
If you haven’t done it yet, be cautious and start with a small amount.
Skilled foreign traders are well-informed. Do you have any good idea?
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