Trade Flock - How to Import Solar Panels From China? TradeFlock - Import Cosmetics from China | Page 24
Shipping Documents to Import Cosmetics from China
Bill of Lading
It is the main freight document issued by the
transportation company that specifies the shipping
company, exporting company (seller), consignee
(buyer), products, volume, and incoterm. The Bill of
Lading is mandatory when shipping from China and
shall be delivered (along with the Commercial invoice
and the Packing list) to the importer within 2 weeks from
the shipment date.
Commercial Invoice
Packing List
It is a document specifies the order value, types of
products, and the details of the consignee. This
document is used by the forwarder or customs broker for
customs clearance and calculation of import duties and
other taxes (i.e., Value added tax). This is also mandatory
and shall be delivered together with the Bill of lading.
It is a document which specifies the volume, different types of products and quantity per type of
product. The Packing List is mandatory and should be delivered together with the Bill of Lading.
Certificate of Origin
A document specifies the origin of the material or the imported products. This document is used to
determine the import duty rate, but also for statistics and enforcement of embargoes
Customs and Taxes When Import
Cosmetics from China
Importing from China involves various taxes.
The applied taxes are calculated, vary depending
on which country the products are imported to.
Customs duty is a variant of Indirect Tax which is
applicable on all imported goods and a few goods
exported out of the country. Duties levied on
import of goods are termed as import duty. Many
countries levy customs duties on import/export of
goods as a means to raise revenue and/or shield
domestic institutions from predatory or efficient
competitors from other countries. Customs duty is
levied as per the value of goods, weight, and other
such criteria according to the goods.
24