Import from China is a very common activity in many countries since thousands of products enter every week; Carrying out this activity in the best possible way means meeting deadlines and maintaining a constant flow of the supply chain. For this, the correct preparation of a customs entry is another of the crucial factors. For this reason, on this occasion we will analyze some of the customs entries necessary to make an import from China successful.
A customs entry is the declaration in an electronic document that seeks compliance with regulations related to the entry or exit of merchandise to the country. This contains key information related to the customs regime in addition to the data required to comply with all formalities. In other words, a customs entry is a tax receipt that guarantees the payments made for contributions that is used to verify the legal stay of the goods. This document must be presented by those importers or exporters through an agent or representative. There are various types of customs entry and each one applies in a particular way in certain scenarios, the main ones being:
1. Regular customs entry: Used for merchandise that will be permanently in the country for a period of time, enforcing the provisions of the customs authorities.
2. Import customs entry: It is the declaration generated under compliance with taxes and regulations for the entry of goods into national territory and endorses the import.
3. Export customs entry: Document generated and transmitted focused on presenting taxes and regulations for the departure of goods from the national territory.
4. Transit customs entry for transshipment: This document is used to achieve administrative ease to avoid taxes when seeking to move merchandise to another customs office
5. Consolidated customs entry: It is characterized by declaring various export and import operations
Now, in the case of an import from China, generally 2 types of customs entry are the most used, the simplified and the formal; In the simplified case, collective imports are considered by dividing the tax expenses corresponding to the quantity of merchandise that is desired to be imported. Naturally, it has a weight and cost restriction, the maximum for this customs entry must be 100 kilograms and a value not exceeding 2,500 USD.
On the other hand, the formal one is usually focused on larger imports since it is exclusive for a single company since the import tax payments are borne entirely by a single entity, this is related to the volume in addition to allowing the company specific billing for all tax issues, which is not possible with a simplified customs entry. There are certain advantages and disadvantages of each type of customs entry, naturally in each case of import there will be different requirements, so if your company is looking to carry out an import and you do not know which type of customs entry is most appropriate for your case, one of our logistics experts can gladly provide you with free advice, you just have to click on the following button.