Several Typical Fee Items Subject To Customs Duty In Equipment Import Contract

In international trade, transaction relating to equipment import to China occurs frequently. The seller and the buyer will spend substantial time in negotiating the commercial terms and conditions, but seldom consider the setting of various fee items which may probably bring influence over the customs duty to be imposed. As a result, after the contract is concluded, some unforeseeable customs duty may be imposed during the import process which inevitably brings inconvenience and loss to both the seller and the buyer.

Therefore, it is important to understand the basic knowledge of the customs duty in relation to the equipment import. In this article, we will discuss several fee items involved in equipment import which are relevant to customs duty.