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subject: How To Import From China To Usa: Us-china Trade Agreements [print this page]


Over the past three decades, the economic relationship between US and China has expanded significantly. Currently, China is the second largest trading partner as well as the third-largest export market of US. This country is also the largest supplier of US imports. China has the largest population globally. As a result, the wages are at the lowest furthermore decreasing the overall expenses on a specific item. It comes as no surprise that the prices for wholesale imports here are unbeatable.

A number of entrepreneurs are now investing and looking for highly effective ways on how to import from China to USA. This business will most likely gain profitability since there is a large customer base for China-made products in the US. You may think that importing is such a complicated process, but in time you'll reach your goal, success and return of investment.

Selecting Entry Ports in US

You can select from a few shipping ports when importing from China to the United States. These are legal entry points manned by a port director. You"ll also find airports, sea ports and several border crossings around this area.

A Bill of Lading must be provided immediately after the carrier arrives at the port of entry. Then, you'll be given five days to submit the papers required to claim your shipment. A Certificate of Origin, Customs Bond, Commercial Invoice, Inward Cargo Manifest or Entry/Immediate Delivery and Packing List must be included in the documents list. Before you can finally claim your items you have to go through a 10 day tariff assessment process as well.

Assessment and Costing of Your Imports

US customs agents will inspect your shipment to ensure it meets all standards and regulations. These people will check if the country of origin is stated, if any illegal products are present, and if the shipment has been properly invoiced for the valuation stage. They will also verify if the quantity shipped match the quantity that was indicated.

Your imported Cargo will also undergo a valuation phase. In this stage, customs officials will compute the total value of the products you have imported from China. The total value can be determined according to the actual price plus its packing costs, selling commissions, royalty or license fees, and value of assists.

Categorizing Your Imported Products

Finally, your imported products must be classified by the Customs to determine the amount of duty that you are going to pay. The tax rates for imported merchandise can be seen on the US Harmonized Tariff Schedule. This document is the main source in establishing tariff classifications for objects exported to the United States. This is also updated regularly by the US International Trade Commission. Pretty much all countries base their tariff schedules depending on the Harmonized System, making it simpler to commence trade with other nations.

Finalizing the Transaction of Your Imported Products

Once all the documents needed are presented and the inspections are done, you can then write a check to the government for your goods to be considered liquidated. .At this point, you can now claim your imports. In case your documents are incomplete or inaccurate, Customs will need a revised copy before they can release your cargo.

A refund for tariffs may be also given. Basically, you can get a drawback refund or refunds of duties as high as 99%. A great example of this is the manufacturing drawback given if you"ve imported materials used for manufacturing exported US products. There is also a corresponding refund of duties for items which are out of specifications. This is called the rejected-merchandise drawback. For goods that were imported but never really used, there is also a unused-merchandise drawback.

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