Steps on How to Import from China to India
- Find a supplier from China that can provide you with the product that you need. You can easily search for them on the Internet. On the other hand, if you want things to be convenient for you, a third party importing agency can help you breeze through the entire process. However, if you want to do it yourself, you can proceed to the next step.
- Contact the provider from China and ask for catalogues, samples and of course price list, especially the value of the products when ordered by volume; products will be a lot cheaper if purchased this way. You need not to travel to China in order to get in touch with them; majority of these providers can already be contacted through email or if not, by long distance call. You can also opt to travel all the way to China to meet and greet your chosen provider; this will be more beneficial to your end. However, it would require you to exert an effort to travel outside China. During the course of your communication, it may seem too good to be true, but you can still negotiate for a much cheaper price despite of the undeniable low rate that they already offer.
- After the details of the products and price have been ironed, you can now ask for samples from the provider. Some companies may send them to you for free, while some might charge you on top of your actual purchase. If you have made an effort to travel all the way to China, well you can see the samples for yourself and do away with the entire sample shipment procedure.
- Once you are assured about the products that you will import, it is now time for you to find a freight courier that can ship your product from China to India. Some manufacturers may not cover the expenses for shipping; which leaves you to pay for it yourself. Moreover, it is a lot better if you do the arrangement with freight companies yourself so that you are aware of the regulations and processes that your goods will have to undergo. However, if you prefer to lessen your involvement with the entire process and would rather focus on how you could boost your sales, you can always tap agents for help.
- Once your ordered goods made its way out of China, it will eventually reach India in a matter of weeks. It will arrive in a designated port or airport where it can be inspected by customs officers in India.
What is Foreign Trade Act of 1992?
Product Transport Concerns
- Breakdown and a detailed overview of the goods that are to be delivered
- Baggage that are not included in the delivery
- Information about the transport vessel which includes the crew and the owner
Detailed Run Down of the Procedure on How to Import from China to India
1. Bill of Entry
Bill of Entry for Ex-bond Clearance
This is a green form that is used when imported goods or products are not immediately cleared by the customs, and is housed in the customs warehouse for safekeeping while its clearance is still on process. This BoE is does not assess the value of the products and goods, but rather keep track of the liabilities once the products are finally taken out from the warehouse. With this, its payment liabilities will be different from the original rate that was determined during the time it entered India, most especially if the products and goods were stored for a long period of time in the warehouse. This bill is also known as the Green bill, because its form is colored Green.
Bill of Entry for Warehousing or Bond Bill of Entry
This BoE is used for imported goods that are not immediately needed by the importer and is stocked in the warehouse for clearing and safekeeping. The products and goods are stored with no required payment. The only time the goods will be paid is when the importer already needs it; the importer is required to pay for the safekeeping duties done by the customs. This BoE is a method that can allow importers to defer duty payments. This BoE comes in a yellow form.
Bill of Entry for Home Consumption
This is used when the importer wants the imported products or goods to be delivered straight to their business’s location or to their home. The importer is required to pay in full to have the goods custom cleared once the package arrives in India. This BoE is in White form.
- The BoE submitted by the importing party will be counterchecked against the actual goods in the shipment to ensure accuracy. If there are variances between what’s in the form and what’s actually there, they will require the importer to reconcile the discrepancies. The BoE can be submitted by the importing party a week before the arrival of the imported goods to the designated location where the customs can check them.
- Once the Bill of Entry is submitted to the customs, it is forwarded to the appraisal department for evaluation.
- Afterwards, the BoE is then returned back to the importer for payment. The importer is only given 7 days to settle the payment. If the fee was not settled within the given deadline, 20% interest will be charged on top of the actual amount to be paid.