How to Import from China to Australia – Buying Wholesale From China
Australia has had so many changes in the past 25 years. Importation is now a welcome business venture with China as one of the major countries it trades with. Importing from China is regarded as a good business undertaking for some capitalists as it assures maximum profitability. That's why many capitalists are looking for best ways to import from China to Australia. Importing from China isn't too complicated, well, as long as you realize and overcome certain language and cultural barriers.
The Right Supplier
The first step in your import process is to choose your supplier carefully. Think of some ways to meet with suppliers. One way is to attend trade shows. Make sure to always attend available trade shows as it happens infrequently, this should allow you to shake hands with other importers and manufacturers. One of the advantages you'll get from attending is: You can evaluate the quality of the products that are being displayed by the suppliers. Make sure that the specific dealer is authorized by the brand owner to resell his products. You can do this by contacting the brand owner.
Negotiating and Trade Agreements
Make a documented agreement between you and your supplier regarding the terms of payment. You can put up 30% as your down payment and then upon receipt of the goods, pay the remaining 70%. Suppliers usually accept letters of credit during these transactions. Discussions regarding shipment of the products should be done during this part of the process too.
Proper Landed Cost Estimation
Before you even place an order with a certain supplier, it is important to have a good estimate of the landed cost. Landed cost is basically the original purchase price of the product plus tax, shipping and delivery fees. Be vigilant, hidden costs may spring up during importation. Make a test order to help you anticipate total charges.
Import Regulations and What You Should be Wary of
Australia is well-known for its beautiful natural resources and in order to preserve this, they have strict regulations regarding imported plants, animals and food. Vehicles are pretty much affected by these strict import policies. Guns, knives and drugs are banned of course!
You also have to be aware of Australia's dual tariff system (i.e. delineating general and preferential duty rates). The rates depend on the products' point of origin. The Pacific Island countries, New Zealand and Canada along with other developing countries enjoy preferential rates while the rest contend with delineating general rates which is 5% higher.
Customs Clearance
When you import from China to Australia [http://www.howtoimportfromchinatoaustralia.com/how-to-import-from-china-to-australia-buying-wholesale-from-china/], you need to gain customs clearance for your product. You will need several documents such as the packing list, bill of lading (for shipments through an ocean carrier), waybills, "which can order" bills (for shipments by air), postal documentation (for goods sent by mail), commercial invoice, and customs entry forms and documentation. Also, the goods must be registered for its purpose within seven days of entry into Australia, either it is for transshipment, home consumption, warehousing, and removal to another location.
After complying with the customs clearance, you can then claim the goods and distribute it to your customers.
The Right Supplier
The first step in your import process is to choose your supplier carefully. Think of some ways to meet with suppliers. One way is to attend trade shows. Make sure to always attend available trade shows as it happens infrequently, this should allow you to shake hands with other importers and manufacturers. One of the advantages you'll get from attending is: You can evaluate the quality of the products that are being displayed by the suppliers. Make sure that the specific dealer is authorized by the brand owner to resell his products. You can do this by contacting the brand owner.
Negotiating and Trade Agreements
Make a documented agreement between you and your supplier regarding the terms of payment. You can put up 30% as your down payment and then upon receipt of the goods, pay the remaining 70%. Suppliers usually accept letters of credit during these transactions. Discussions regarding shipment of the products should be done during this part of the process too.
Proper Landed Cost Estimation
Before you even place an order with a certain supplier, it is important to have a good estimate of the landed cost. Landed cost is basically the original purchase price of the product plus tax, shipping and delivery fees. Be vigilant, hidden costs may spring up during importation. Make a test order to help you anticipate total charges.
Import Regulations and What You Should be Wary of
Australia is well-known for its beautiful natural resources and in order to preserve this, they have strict regulations regarding imported plants, animals and food. Vehicles are pretty much affected by these strict import policies. Guns, knives and drugs are banned of course!
You also have to be aware of Australia's dual tariff system (i.e. delineating general and preferential duty rates). The rates depend on the products' point of origin. The Pacific Island countries, New Zealand and Canada along with other developing countries enjoy preferential rates while the rest contend with delineating general rates which is 5% higher.
Customs Clearance
When you import from China to Australia [http://www.howtoimportfromchinatoaustralia.com/how-to-import-from-china-to-australia-buying-wholesale-from-china/], you need to gain customs clearance for your product. You will need several documents such as the packing list, bill of lading (for shipments through an ocean carrier), waybills, "which can order" bills (for shipments by air), postal documentation (for goods sent by mail), commercial invoice, and customs entry forms and documentation. Also, the goods must be registered for its purpose within seven days of entry into Australia, either it is for transshipment, home consumption, warehousing, and removal to another location.
After complying with the customs clearance, you can then claim the goods and distribute it to your customers.
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