Customs clearance of goods exported to India will be affected if the value of goods is not submitted. Ukraine readjusts tariffs.

Being abreast of foreign trade policies and relevant regulations is a must for export-oriented enterprises. Recently, India, Ukraine and Saudi Arabia have implemented new trade regulations.

India

Value of import is required to be submitted

Indian customs have published a new trade regulation which will go into effect on August 1, 2019. According to the regulation, goods exported to any Indian ports must provide an export value that is in line with the invoice value. Import customs clearance of goods will be affected if no value is submitted.

According to a notice published by ONE (China) Co, each B/L should have the value listen in the remark column when it submits the SI. The value will not appear on the B/L, so don't fill it in the Cargo Name column.

India is the largest country in South Asia. It has many ports, including the ports of Bombay, Calcutta, Chennai (formerly known as Madras), Cochin, Goa, and many others, which handle 3/4 of the country's freight. Among all the country's 12 main ports, Bombay is the largest, with a shipping capacity that ranks 18th in the world.

Shipments from China should be transited to the port of Calcutta through other ports, and the voyage usually takes 14 to 21 days. The transshipment ports include Colombo, Vishakhapatnam, Krishnapatnam, Port Swettenham, and Singapore.

Documents required for sea import and export in India include:

1. Signed invoice

2. Packing list

3. Ocean B/L or airway bill

4. Filled GATT declaration form

5. Declaration form of importer or customs agent

6. Approval documents (if needed)

7. L/C or bank draft (if needed)

8. Insurance document

9. Import license

10. Business license (if needed)

11. Analysis Report (if the shipments are chemicals)

12. Tax exemption certificate

13. DEEC/DEPB (original)

14. Contents, detailed technical specifications and relevant materials of the shipments (if the shipments are mechanical equipment, components of mechanical equipment or chemicals)

15. Price of each component of the mechanical equipment

16. Certificate of Origin (if preferential tariff rate is applicable)

17. No commission brokerage

Ukraine

VAT should be paid if the invoice amount exceeds 100 euro

A new Ukrainian tariff law will go into effect from July 1. According to the law, the total nontaxable invoice value of private imports sent through the post office or express will decrease from 150 euros to 100 euros. The total invoice refers to the value of all goods transported from the sender to the same receiver in the Ukraine.

Tariffs and VAT rules：

1. No tariff will be paid if the total invoice value is below 100 euros.

2. If the total invoice value is above 100 euros and below 150 euros, 20 percent of the value over 100 will be paid as VAT according to the cleared goods on the M16 customs declaration. It is also applicable to goods arriving in the Ukraine before July 1 but have not been cleared.

3. If the total invoice value is above 150 euros and below 10000 euros, 10 percent of the value over 150 will be paid as tariffs and 20 percent of the value over 100 will be paid as VAT according to the cleared goods on the M16 customs declaration.

4. If the total value of the invoice is over 10000 euros, full tax should be paid according to the tariff law and 20 percent VAT of Ukraine.

Customs clearance in the Ukraine is expected to be delayed after the new tariff law comes into force due to the fact that the Ukraine will not increase customs examiners and staffs.

Saudi Arabia

SABER adds five new product certifications

Recently SASO published another announcement regarding the mandatory registration and issuance of a Certificate of Conformity through the Saber platform for all products subject to five technical regulations.

The following five kinds of products are required to apply for relevant certificates through the SABER platform:

1. Electric self-balancing boards (Scooter)

2. Front, rear and side barriers for trucks and trailers

3. Degradable Plastic Products

4. Electrical Batteries

5. Paints (Dyes) and Varnishes

All Saudi Arabian importers are required to register their companies on and issue a certificate of conformity through the SABER platform. Certificates of conformity issued through other platforms will not be accepted.

Chinese enterprises that have exports to Saudi Arabia should get the certificate issued before the shipment lest the shipment is stopped. Contact Saudi Arabian importers and certification bodies and obtain the necessary certificates through SABER.

Website of SASO: www.saso.org.sa. SABER certification system: https://saber.sa/