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FORUM - SME Financing

Export from China

21 Apr 2012 11:05

Our company have several vendors in China and we want to do shipment consolidation before shipments release to our worldwide customers. My questions is, different vendors have to declare the customs by themselves but can I palletize the goods from different vendors on the same pallet? Is it doable? 

Post 1 of 6
Moderator

23 Apr 2012 16:33

It is possible to do it all by yourself or arrange throughfreight forwarders who apart from cargo storage provides value-added services, including collecting, checking, packing, vanning, inspection and delivering. However you should have a basic understanding of the responsibility of seller and buyer under the Incoterms rules.

Post 2 of 6
Moderator

23 Apr 2012 16:33

It is possible to do it all by yourself or arrange throughfreight forwarders who apart from cargo storage provides value-added services, including collecting, checking, packing, vanning, inspection and delivering. However you should have a basic understanding of the responsibility of seller and buyer under the Incoterms rules.

Post 3 of 6

21 Jun 2012 12:22

Is it possible to take possession of goods as OP suggests without incurring VAT?  Inside FTZ - yes, but outside FTZ?

Post 4 of 6

21 Jun 2012 12:25

If you take possession of the goods outside of a FTZ, wouldn't you be subject to VAT?

Post 5 of 6
Moderator

30 Jun 2012 17:56

In general imports entering the FTZ from outside China proper are exempt from customs duties and VAT; customs duties and VAT are assessed only after the finished products leave the FTZ for regions outside the bonded area. If more than 70 percent of the finished product is re-exported outside PRC territory, any remaining product is taxed at a reduced rate based on the original imported components.

Post 6 of 6
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