Rapeseed oil (coconut oil,palm oil,etc.) can be imported in various ways - through in - depth and extensive research,rich experience,complete documents,various documents and cases,an import plan with flexible capital arrangement can be achieved to save money.

Navigate canola oil import regulations,customs clearance,and tax rates.Learn about required documents and compliance for smooth importing process.

The customer is for rapeseed oilThe relevant documents prepared for customs clearance are as follows:

1.Submission of Chinese labels for imported food.(Can be handled on behalf)

2.Submission of the record of food consignors and consignees completed by enterprises at the Entry - Exit Inspection and Quarantine Bureau.(Can be handled on behalf)

Calculation of import tax rate for rapeseed oil:

1.Import duty for rapeseed oil: 9% (Duty: CIF x tax rate%)

2.Import of rapeseed oil: 13% (VAT: (CIF + duty) × 17% Tax payable)

Rapeseed oilCustoms Declaration Process

Foreign suppliers should provide import documents before the food arrives in Hong Kong.

Chinese labels need to be designed before the goods arrive at the port.

The goods arrive at the port.

Exchange bills Apply for the handover between the shipping company and the freight forwarder.

Apply for inspection The freight forwarder will hand over the goods to the commodity inspection department for confirmation.

Declare at customs

Now issue a simulated tax invoice first,and review the price after tax payment.

Pay taxes

Price review: If there is no problem with the price review,start labeling.

Labeling Start labeling in the customs warehouse.

11.Sampling,inspection

The goods are cleared for release by the agentThe enterprise arranges freight transportation.

13.The commodity inspection department issues a health certificate.