When Importing to Australia Remember Customs and Duty
As business and trading are done on an international level nowadays, importing goods and services from China will give your business a marked advantage. China has been so successful in being the largest player in the global economy that it has forced other countries to revisit international trading strategies. Australia is one such country that has done so to compete against products made in China.
China has become the ones to beat in the industry of manufacturing. Their economic growth mirrors their domination of the global manufacturing market. Not only has the country revived its economy by making industrial production scale better, but it has also done so for other countries–Australia being among them. Australia's policy and foreign trade are looking to capitalize on the trading of products with China according to the varied benefits of products. This is one reason Australian traders are often very knowledgeable about China's business regulations in addition to importing and resale.
Processing skeleton when importing
Chinese manufactured products are in high demand on the Australian market. The meticulous trader will identify which Chinese goods are in highest demand on the Australian market. Once these products are known the trader can proceed to the first step, which involves the following:
a) If this is your first experience with importing and resale, it's a good idea to choose one or two high demand products so you don't get overwhelmed. Narrow your product search by adding specific features. For example cars are more specific than toys.
b) Getting the Tariff Code of the imported products. The Tariff Code is internationally recognized, so obtaining quotations from different entities in China shouldn't be a problem.
c) Staying updated on any restrictions.
How you can clear goods through Customs and Border Protection that arrived by international mail. Visit HERE.
When you've verified everything in step one, the required quote exchange is next when importing products from China.
a) Wholesale pricing from several manufacturers should be compared with and without shipping costs.
b) Make sure the quote covers any discounts available, expiration dates when applicable, quantities, etc.
c) Pick your freights that will deliver the products to you. Review payment terms and transfer funds in exchange for the products.
d) You may want yo consider hiring a broker to to take care of customs fees, shipping tasks and documentation.
Tips for importers while importing to Australia from China
1) For more specific and trustworthy information on a product’s planning, design and development talk directly with the originating manufacturer. Another advantage of dealing directly with an original manufacturer is better pricing. Ordering from subsequent manufacturers is less likely to produce such savings, but broadening your target market may offset the higher pricing.
2) Know and be in communication with the person who is handling the exporting from China. Professional exporters manage merchandise themselves, but export agents take care of export document maintenance.
3) Arrange for quick clearance with customs. Late arrivals may bring about unplanned expenses, such as storage fees.
4) Imported products are usually packed in wooden boxes, crates or On pallets. This is why standard fumigation is important when importing to Australia.
Chinese products are touted as being highly specialized and having the best prices. Australian suppliers have found other advantages of such high quality low cost products in their reselling and distribution. One of these advantages is greater flexibility in controlling manufacturing cycles according to the market demand.