When we go deep into the development process of China's rubber industry for a hundred years, we can't help but think about a question: how should we efficiently and compliantly carry out import customs clearance of natural rubber in today's world's major natural rubber importers and consumers? This article will introduce in detail the key requirements for customs clearance of natural rubber imports, covering the required information, customs codes, and relevant taxes and fees, so as to provide ideas for customers engaged in rubber import business.
Since its birth, China's rubber industry has a history of 100 years. As one of the world's top five natural rubber producers, China plays an important role in the rubber industry. The rubber planting areas in China are mainly concentrated in Hainan, Yunnan, Guangdong, Guangxi and Fujian. On a global scale, Thailand, Indonesia, Vietnam and other countries account for nearly 90% of the world's rubber production. Emerging rubber-growing countries such as Vietnam and Côte d'Ivoire have also shown significant growth in production in recent years.
According to customs data, in October 2023, the volume of natural and synthetic rubber (including latex) imported by China reached 630,000 tons, worth about 920,000 US dollars. In the first ten months of 2023, cumulative imports reached 6.54 million tons, with a cumulative value of about $9,596,143. These data fully prove the important value of natural rubber to China's economy and China's important position in the global rubber market.
Information required for customs clearance
The key to customs clearance of natural rubber imports is to prepare complete relevant documents. These materials include:
1. Packing list:Specify the details of the goods, including quantity, specifications, etc.
2. Invoice:Displays the value of the goods and information about the parties to the transaction.
3. Contract:Proof of the transaction agreement between the buyer and the seller.
4. Bill of lading:As a transport document, certifying the transportation and delivery of the goods.
5. Information on the elements of the declaration:This includes important information such as use, specifications, country of origin, etc.
HS codes and taxes
HS Code:4001290000, natural rubber for other primary shapes (except latex).
Import Duties:
Import VAT:
It is worth noting that the import of unvulcanized rubber waste and scraps, scraps and their powders and granules under the customs code 4004000090 is prohibited. Therefore, when importing rubber, it is particularly important to accurately identify the specific categories and descriptions of the goods.