How do you get products from China?
Customs documents for imports from China
- Bill of Lading/Air Waybill.
- Commercial Invoice cum Packing List.
- Proforma Invoice.
- Purchase Order.
- Letter of Credit.
- Insurance Certificate.
- Health Certificate (for food products)
- Country of Origin Certificate.
How do you calculate landed cost of imported goods from China?
Landed Cost = EXW/FOB + To-Door Freight + Customs Fees
- EXW/FOB to be paid to the seller/supplier.
- To-Door Freight to be paid to the freight forwarder.
- Customs Fees to be paid to the customs (via customs broker)
How do you price imported goods?
There are 2 main valuation methods that countries use to charge import duties and taxes, on either the FOB or CIF value of the goods….So the final landed cost of goods imported into country:
- FOB $13,000.
- + Seafreight $2600.
- + All local import costs $1500.
- + 5\% import duty $650.
How can I reduce the cost of importing from China?
1. Ensure the supplier will agree to shipping under FOB terms from their nearest port or airport as this will greatly reduce your shipping costs and give you more control over the shipment. For example, if you were importing from China and the closest port to the supplier is Shanghai, you would request FOB Shanghai terms.
What is the best way to sell products from China?
Researching for profitable products to import from China, buying them & then selling on B2C e-commerce platforms (or on wholesale) is a common strategy being followed by many online sellers. The drop-shipping model is another form of this strategy.
How much does it cost to import baby milk from China?
Mainland China, taxes imported baby milk or cosmetics high in while much lower in Hong Kong. At least 3 US dollars (20 Chinese Yuan) per kilogram in most cases. What if your products get seized at customs?
How much does it cost to run a business on Alibaba?
Following are the business stats: Estimated cost price (excluding duty & logistics) = $ 0.80 Estimated retail price = $ 7 Gross profit margin (excluding duty & logistics) = 775 \% Click here to go to the product page on Alibaba.