Procedures for importing steel- Notes when importing
BlogDate: 07-10-2024 by: Nhu Quynh
In this article, MRS Steel would like to share about the procedures of importing steel. We invite readers to follow the main content below.
Describing the procedures of importing steel
Determine the type of imported steel
First, it is imperative to ascertain the Harmonized System (HS) code of the imported steel product, the quantity to be procured, and the specific technical attributes of the product. Is that item included on the list of import restrictions or import prohibitions?
The first step is to identify the steel products that need to be imported
Execute the sales contract
After determining the item to buy, the importer needs to find a supplier, sign a sales contract, and determine the shipping method and delivery method according to incoterms rules. A payment contract is a contract that shows the transaction between two parties. This is a document that will often be required in all sets of documents throughout the goods clearance process. The contract content should include information including: name, quantity of goods, weight, packaging specifications,...
Sales contract between exporter and importer
Check import documents
To import a shipment, the importer needs to prepare the necessary documents and vouchers to carry out import procedures. These documents are required by customs authorities to check and confirm the import rights of goods. Below is a list of main documents required in the import dossier set.
- Customs declaration: This is a document that registers detailed information about imported goods, including information about origin, value, and other requirements.
- Sale contract: This contract is signed between the buyer and the seller to determine the terms of the steel purchase transaction.
- Packing list: This is a detailed list of packing units, quantity and weight of imported goods.
- Commercial invoice: This invoice provides information about the value of imported goods and other information related to payment.
- Bill of Lading (B/L): This is an important shipping document, confirming the transportation of goods from origin to destination and proving ownership of the goods.
- Certificate of Origin (C/O): For some types of steel, a certificate of origin may be required to identify the origin of the goods to enjoy preferential tariffs.
- Other related documents: Depending on the importing country, other related documents will be required.
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