Step-by-Step Guide: How to Import Goods in 2021
January 27, 2021
If you’re new to international shipping you’re going to realize early on it can get complicated. Importing goods involves following an import process step-by-step. This process includes a lot of players from the supplier to the freight forwarder to customs and more. How to import goods in 2021 has also been affected by the global economy and the current COVID-19 pandemic.
Here’s a step-by-step guide to help you understand the import path so you can get the ball rolling once your supplies are ready to be shipped.
1. Ensure All Arrangements With Your Supplier Are in Order
You’ll need to make all arrangements with your supplier such as who handles the transportation of the goods from the place of manufacturing. The Intercoms document clearly defines the roles of the importer and the exporter. Refer to it when drawing up the agreement between yourself and your supplier.
Once you take responsibility for your goods, then you need to make arrangements with a shipping company. Depending on the import process and where you’re transporting your goods, find a company who offers global freight services to save you time and money.
2. Understand What is Required for Import Duties and Taxes
You’ll need to calculate your import tax depending on which country you’re importing to. Importing to India will have a different code and duty rate as opposed to a country such as China. The CBS site will help you determine the coding for your products.
Import taxes are variable and is not only dependent on the product you’re importing. It also depends on the country of origin, quota controls and more. The declared value of the product will determine the percentage of the import tax.
3. Ensure You Are Compliant With All Government Regulations
Each country has its own set of regulations for importing goods. You need to ensure you’re compliant with these requirements. For example, if you’re importing into the U.S, your products will need to comply with all U.S. federal organizations such as the FDA, CPSC, DOT, and others.
Importing procedures for 2021 has changed for importers and exporters moving goods between Great Britain and EU countries. Make sure you’re well-informed of all government regulations.
4. Have All Your Custom Papers in Order for Customs Clearance
Prepare all the documents required for customs clearance. If you’re dealing with a freight forwarding company, make sure they offer custom brokerage services. We, at W Group, are equipped to handle customs clearance and can ensure your goods are cleared with minimal fuss.
Read our article about importing goods from China to give you more information about the documents required for customs clearance. Once your goods are through customs, you’re ready to receive them.
International shipping involves following certain importing procedures. While the steps should be logical, they can still become complicated. For a successful and smooth freighting experience, it helps to work closely with the experts in the field. This way, you can relax knowing your imported goods will arrive safely and on time.
The importation procedure can seem daunting if you’re new to the game. We, at W Group, make it our mission to help both exporters and importers with their international shipping needs.
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