Importing goods, such as fashion jewellery, can be done by air, land or sea.
Importing jewellery has a numeral of legal requirements which still be met. Learning and adhering to these regulations is not strenuous, on the contrary Testament certify your accomplishment when importing fashion jewellery. Dealing with vendors abroad necessitates learning the Dictionary of global Commerce. Importing from a hardly any countries may be tricky, provided not impossible since of the types of Commerce agreements trustworthy countries clutch with the U.S. state. Engage in fortuitous game transactions with Non-native countries by using laws and regulations accurately. The energy to act this Testament come fini aware a unusual decisive regulations which must be adhered to.
Instructions
Licenses and Fees
1. Harmonized Tariff Schedule contains a chart listing the rates of duty for some precious and semiprecious stones, and other items for imitation jewelry, also coins. A ten-digit number classifying items is assigned to each type of item. The number determines the rate of duty and eligibility for special trade programs.5.
Some items might be duty cuffo, on the contrary, the standard tariff is 3 to 5 percent and can be as still as 20 percent. An object is valued according to its current US market rate (the price you intend to sell it for).
3. Fill out necessary paperwork at US Customs and pay import duties. All items imported are taxed according to the US Harmonized Tariff Schedule.
4. Section XIV, Chapter 71 of the U.S. A licence is not required for the importation of most fashion accessories, such as jewellery, and watches.2. Prepare to fee an import impost, or profession, in the U.S. on items for resale.
Obtain item samples to be certain of their quality. Consider the costs of transportation, such as, who will be responsible for the payment for the export of your items from the country of purchase, the payment of the freight by air or by sea to the U.S. and the payment for the transportation to your business from the port of entry. Know who will be responsible for payment for insurance should you decide that you need it.
6. Discuss incoterms with your vendor. Incoterms are the internationally accepted terms used to conduct global business. Incoterms also specify the documents required for conducting global trade and who is responsible for which documents.
An explanation of these terms can be found at the Foreign-Trade website.
7. Review the guidelines governing each transaction and each vendor to be certain all business persons involved are similar and understand the transaction.
