Important Aspects of China Product Sourcing for Importers in the UK

There are many mistakes that importers commit when they are sourcing their products from China suppliers. Not having a proper goal for importing goods from China is one of the major mistakes that most importers are making. A goal helps an importer with the direction to achieve high levels of sales and revenue. Poor research is also something that can lead to losses in importing. Opting for the wrong China supplier can have a huge impact on the sales of the company. When goods are not received on time, they cannot be delivered to the market on time. This can lead to customer dissatisfaction and ultimately culminates in customer disloyalty.

When importers don’t have a clear contract, there can be many problems in the future dealings. Payment and delivery terms and conditions are clearly mentioned on the contract. So, if you don’t have a clear contract, these terms and conditions will not be conveyed properly. There are some legal implications that can also impact your import business if you don’t have a clear contract.

Selecting the right method of transportation is also very important for the import business. While product sourcing from china is cheap, the transportation costs can surprisingly increase the costs. As an importer, you have the option of handling the logistics yourself or you can outsource the work to a reliable freight forwarder. There are two main transport options when you are importing from China. They are air and sea. If your business needs large quantities of goods, but there is no pressure to deliver them, then shipping by sea is considered to be the best option. However, if you want the products on an urgent basis, then you can get them transported by air. There is a high level of security when the goods are shipped by air. So, if you have high value products that are needed on an urgent basis, then shipping by air is the best option.

There are some laws and regulations that need to be followed when you are dealing with suppliers from china . If you want to import smaller items, you may want to order them by post. All goods coming into UK by most from China suppliers must be declared to HM Revenue and Customs department. You will have to ask the UK supplier to attach a completed declaration form CN22 or CN23. A full single administrative document declaration will be needed if the sender is sending goods worth more than £2,000.

If you are going to import high value goods from China, you will have to be well aware of integrated tariff of the UK, which is also called as tariff. There are several guides on the internet that will help you in understanding this concept. Reading such guides before china product sourcing is very important for all businesses. When you are dealing with China factories, you will have to find the correct commodity code for your products. This will help in filling out customs paperwork accurately and efficiently.