Are you planning to import goods from China to the Philippines? Do you worry about the additional charges that may arise during the order fulfillment process? If yes, then you’re not alone. Many importers face the same issue and are often unsure about the different charges involved in the process. In this article, we will provide you with a detailed breakdown of the charges that come with importing items from China to the Philippines.
Why Knowing Import Charges Is Essential?
Before we dive into the details, it is crucial to understand why knowing about import charges is essential. When importing goods, the final cost of the item is not just the cost of the product. Instead, it includes various charges and fees, which can significantly impact the final price. Therefore, being aware of these charges is essential to avoid any unpleasant surprises and help you plan your budget accordingly.
Breakdown of Import Charges
Here is a detailed breakdown of the different charges that you should expect when importing items from China to the Philippines.
1.EXW Quotation
When you ask your Chinese supplier for a quotation, it is essential to request it under EXW (Ex Works) terms. This means that the price only includes the cost of the product and does not include any other fees or charges.
2.Domestic Shipping Fees
After you have placed your order, you will need to ship your cargo from the Chinese factory to your Chinese forwarder warehouse address. The cost of this shipping is known as the domestic shipping fee.
3.Customs Declaration Charges
When your shipment arrives in the China port, will need to declare the items to the customs. This process involves paying a customs declaration charge.
4.Air or Sea Freight Shipping Fees
The cost of shipping your items from China to the Philippines is known as air or sea freight shipping fees. This charge varies depending on the item type, cargo total size, and total weight.
5.Customs Clearance Charges
Once your shipment arrives Philippines port, will need to clear customs. This charge is usually a 12% VAT rate based on the total amount of your cargo.
6.Local Delivery Fees
After your shipment has cleared customs, you will need to ship it from the Manila warehouse address to your doorstep. The cost of this shipping is known as local delivery fees.
7.Tax Refund Process Charge
Sometimes, if your Chinese supplier is required to do the tax refund process in the Chinese customs facility, you will need to pay an additional charge. The forwarder usually handles the documents and paper for this process, which costs around 4000 pesos per transaction.
Why Choose Our Service?
At SourcingPH, we offer an all-in-one rate for our clients, which includes tax and customs charges. By choosing our service, you can avoid the hassle of dealing with multiple charges and enjoy a stress-free import process. So, if you’re planning to import goods from China to the Philippines, contact us today and enjoy our hassle-free service.
Conclusion:
Importing goods from China to the Philippines can be a challenging process. However, being aware of the different charges involved can make the process more manageable. We hope this article has provided you with valuable insights into the different import charges and helped you plan your budget accordingly.
