Importing and exporting is a complicated game. Not only is it important to research every step, but it is also critical, prior to shipping, to understand the regulatory environment and requirements you’ll be facing. Sure, there’s the proper classification and duty calculation component. You also will need to know to how to mark, and licensing requirements and many other regulatory restrictions. And we’re speaking about Customs alone! As an example, for EU imports, depending on your commodity, your cargo may also be regulated by other Government agencies and could need different import docs (CAP, ILB, QRE, CITES, DEFRA, CO, etc.) which have their own set of requirements.
In addition to complying with Governmental agencies, it is also important for you to appreciate your responsibilities as FBA seller/Importer of Record and abide by unique origin and destination requirements. Understanding VAT is one tiny example. When importing goods into the European Union, Value Added Tax (VAT) plays an important role. The seller of goods imported into an EU Member State is required to pay the import VAT to Customs to enable the goods to be cleared and delivered to the respective Fulfillment Center. The company then sells its goods to its customers and charges VAT on these sales. The company collects the VAT and the amount is declared on the monthly/quarterly VAT return. In addition, the import VAT collected is also declared on the monthly/quarterly VAT return. The net amount to pay the tax office is then calculated as: Sales VAT less [import VAT + other vendor invoice VAT]. (See what we mean? And that’s just Europe!) The icing on this cake is ensuring that your cargo is packaged to the specifications of the receiving Fulfillment Center. After all of your preparations, the last thing you need is having your cargo rejected by the recipient.
Before your merchandise is send to amazon Fulfillment centers you will need to verify shipping, packaging and label every product and every box correctly, sometimes can be done by the supplier or manufacturer, If items are incorrectly labeled by your supplier, and Amazon has to replace these labels, then additional fees may be added for this service; however, if you are unsure whether your supplier will properly label your items, Spainbox can label your inventory, rather than having your supplier attempt to label your inventory.
We make the complicated process of import as easy as possible for you.
Whether you’re a new seller seeking consultation advice on how to navigate governmental and country specifics for your FBA goods or a more seasoned seller seeking door-to-door transportation services, assistance with Customs clearance, international transportation, cargo insurance or simply compliance services, Spainbox knows very well the best way to do all the import process. We’re here to help. If you need help importing FBA cargo into the European Union, please contact Spainbox.