Top 50 Products Imported From China To India-The Ultimate FAQ Guide
Introduction
Importing from China is a profitable investment opportunity for any entrepreneur.
The top 50 products imported from China to India generate a steady profit for numerous companies.
China and India’s worldwide trade and the export-import relationship keeps growing.
As per data released by China’s customs, trade increased 51.9 % year on year from January to August 2020-2021.
Before the pandemic, China and India had built a strong foundation for trade, and the relationship is still going strong.
However, China has numerous benefits, including facilities, input materials distribution networks, and, most significantly, qualified employees, that are obvious.
As a result, a specialized source is required to safely transport the top 50 Chinese items to India.
Importing goods from China to India necessitates the use of transportation.
To deliver the top 50 products imported from China to India, you’ll need to engage a reputable freight agency.
However, this article is about the products imported from China to India.
After reading this article, you can know every action you need to follow while items imported from China to India and also the details of purchasing from China.
Table Of Content
1. Is It Possible To Import Goods From China To India?
- 1.1 Compulsory Registration Scheme (CRS)
- 1.2 Foreign Manufacturers Certification Scheme (FMCS)
2. Legal License Required For The Top 50 Products Imported From China To India.
- 2.1 Register The Legal Entity Of Business In India
- 2.1.1 Entrepreneurship as a Sole Proprietorship
- 2.1.2 Partnerships Business
- 2.1.3 Limited Liability Partnership
- 2.1.4 Private Limited Company
- 2.1.5 A One-person Business
- 2.2 Applying For Tax Registration
- 2.3 IEC Code Registration
3. How Can I Import Goods From China To India?
4. What Is The Process Of Importing Products From China To India Online?
- 4.1 Finding The Top 50 Products Imported From China To India Online
- 4.2 Finding A Good Supplier Online For The Selected Goods Imported From China To India
- 4.3 Finding A Freight Forwarder Online For Shipping The Items Imported From China To India
- 4.4 Hiring Customs Clearance Agent Online For Clearing The Top 50 Products Imported From China To India
5. Tips For Goods Imported From China To India.
6. Legal Documentation For Shipping The Top 50 Products Imported From China To India.
- 6.1. Commercial Invoice
- 6.2 Bill of Lading
- 6.3 Air Waybill (AWB)
- 6.4 Packing List
- 6.5 Pro-forma Invoice
- 6.6 Certificate of Origin
- 6.7 CITES Permit
- 6.8 Import/Export Declaration
- 6.9 CE Certificate
- 6.10 Single Administrative Document (SAD)
7. Helpful Websites For Finding Good Suppliers In China For Top 50 Products Imported From China To India.
8. Categories Of The Top List Of Products Imported From China To India.
9. What Are The Top 50 Products Imported From China To India?
10. Top 10 Products Imported From China To India In 2020-21.
- 10.1 Crude Petroleum
- 10.2 Gold
- 10.3 Petroleum Products
- 10.4 Coal, Coke And Briquettes
- 10.5 Pearl, Precious And Semi-Precious Stones
- 10.6 Electronic Components
- 10.7 Telecom Instruments
- 10.8 Organic Chemicals
- 10.9 Industrial Machinery And Electric Machinery
11. Things Are Need To Remember When Items Imported From China To India
12. Transporting Ways Of Top 50 Products Imported From China To India
- 12.1 Air Shipping
- 12.2 Sea Shipping
12.2.1 FCL Shipping Container
12.2.2 LCL Shipping Container
- 12.3 Express Shipping
13. What Is The Cheapest Shipping Way For The Top 50 Products Imported From China To India?
14. Import Tariffs On Top 50 Products Imported From China To India
- 14.1 Tariff Rates On Imported From China To India
- 14.2 Classification On Tariff codes on top 50 products imported from China to India.
- 14.3 Customs Duty Is Calculated For Goods Imported From China To India.
15. Impacts Of Covid-19 On The Top 50 Products Imported From China To India.
- 15.1 The Immediate Impact Of Covid-19 On India’s Industry
- 15.2 A Scarcity That Has Never Been Seen Before
1. Is It Possible To Import Goods From China To India?
Yes, from a long ago, China and India had a great bond of importing goods from China to India.
India imported items worth $50-$60 billion from China in 2020-2021.
As a result, China is India’s most crucial import competitor for top 50 products imported from China to India.
India’s reliance on Chinese goods is partly due to the country’s difficulty to fill the gap between national output and need.
In this situation, China’s prominence as a production and export powerhouse.
The Bureau of Indian Standards (BIS) is the country’s national standards authority.
It is responsible for ensuring the safety and reliability of items intended for domestic use.
It relates to both locally manufactured and the top 50 products imported from China to India.
Under the bureau’s goods certification programs, the ISI Mark can be used.
While certification is primarily optional, there are several categories of products that need it.
The top 50 products imported from China to India are subject to two certifications.
Such as:
1.1 Compulsory Registration Scheme (CRS)
It includes all goods related to electrical and information technologies.
An importer who procures a CRS item from China must certify such a commodity with BIS.
The producer of the items receives approval, not the importer.
The importer, on the other hand, might represent the Chinese producer in India and seek for the certification on their behalf.
1.2 Foreign Manufacturers Certification Scheme (FMCS)
Numerous kinds of products in India need an ISI mark to be marketed. Importers can enroll these goods with BIS under the Foreign Manufacturers Certification Scheme.
Companies with facilities outside of India are qualified for a license under this program if they meet BIS quality requirements.
But they need to have the necessary manufacturing capability, manufacturing methods, quality management, and quality insights on location.
Even though not a legal necessity, the BIS has a certifying and labeling program for environmentally sustainable products.
It covers electronics goods as well as foods, polymers, fabrics, leather, acrylics, and cosmetics.
For a limited time, goods that fulfill the applicable BIS quality specifications as well as various environmental requirements are authorized to display the ECO Mark alongside the ISI Mark.
HART WORLDWIDE LOGISTICS is a shipping company in China that provides shipping facilities all over the world including India.
Therefore if you make a decision about the top 50 products imported from China to India, you can ask for a quotation from HART.
2. Legal License Required For The Top 50 Products Imported From China To India.
The first stage in importing items from China is to learn about the legal requirements so you can stay on the right side of the law for the .
Here’s a short overview of all the permits and licenses you’ll have to acquire and buy from China.
2.1 Register The Legal Entity Of Business In India
In order to start any type of company in India, you must first make a legal entity.
Even when you’re not conducting importing or exporting in India, a legal entity is necessary for any form of business.
You must establish a legal entity on your trade mark, business name, or contact details in order to conduct business internationally.
There are five different types of legal entities that you can register:
2.1.1 Entrepreneurship As A Sole Proprietorship
The leading business structure for doing operations in India is a sole proprietorship.
It’s a relatively straightforward method with low compliance, expense, and charge.
When you’re beginning a new firm in India for top 50 products imported from China to India, it’s a common business structure to use for testing purposes.
For registration, a minimum of one person is required who is considered to be a sole owner.
A solitary owner is the company’s owner.
A sole proprietor can engage anyone to manage their business as a worker, but they cannot be an authorized signatory for the sake of signing legal papers.
There are 3 steps of registering a sole partnership business.
Such as:
- Filling up the registration form for a sole proprietorship business with your firm’s essential information.
- Making a Payment.
- Connecting with a specialized CA and completing the registration process in a matter of days
2.1.2 Partnerships Business
For partnership entrepreneurs in India, the partnership business is the most prevalent type of business formation.
To set up a business, only two people are required and then you can make a decision about the top 50 products imported from China to India.
2.1.3 Limited Liability Partnership
Limited Liability Partnership Registration is a normal procedure.
In this two Limited Liability Partnership Partners form a Limited Liability Partnership Incorporate Entity with limited liability.
It establishes an existing bank account in the LLP title, and begins operations.
Partners must contribute the government fee as well as the technical charge including costs of the top 50 products imported from China to India.
2.1.4 Private Limited Company
The formation of a private limited company is one of the most common legal entities in India.
It is a legal business registration in India with the ministry of corporate affairs that grants you the ability to conduct business anyplace in India or beyond.
2.1.5 A One-person Business
OPC is a legal way to start a business with just one person.
It can function similarly to a sole proprietorship, but it has the legal standing of a corporation and, of course, the benefits that come with it, such as restricted liability.
Despite the fact that an OPC is a private firm, it has been granted several exclusions and hence has lower regulatory burdens.
This video is all about trading companies:
2.2 Applying For Tax Registration
With your registration, you must file for tax registration for your products.
Generally, your state government will demand VAT/CST certification.
It’s also known as a TIN number, and it’s essential to sell in India even if you’re not importing items from China.
Because certain states demand the Security Deposit and Surety Concept, the license is a little more costly.
2.3 IEC Code Registration
You can request for an import/export authorization from the DGFT Section in the form of an IEC Code after you have a GST registration.
To register for such a code, your company must have a valid existing account in the name of your business with an Indian bank.
To apply for an IEC, you’ll need the required documentation.
- All partners/directors must have a PAN card and proof of address.
- Statement of bank account
- Banker’s certificate
Here is a video link about the license required for importing and exporting:
3. How Can I Import Goods From China To India?
Analyze how to import goods from China after you’ve understood the legal requirements.
The easiest approach to do so is to enlist the help of a reputable transportation and procurement company.
This is what you must do in order to import items from China to India:
- To start, you must determine what things to purchase from China.
- Once you’ve decided which goods you want to buy and import to India, you’ll need to identify a reliable manufacturing company and vendor.
- You must contact the seller and negotiate a deal with them when you have found a supplier and manufacturer.
This generally includes deciding on a pricing, making a list of products imported from China to India, and shipment timing.
- It’s a good idea to purchase a few samples first of all to confirm that the items are of great quality.
Then provide the list of products imported from China to India to the supplier.
These samples can also help you estimate how long it will take for your package to clear customs and what obstacles you may face during shipping.
- Once you’ve found a provider, you’ll need to review import rules and regulations to verify you have all of the necessary documentation and permissions.
- To assist handling your shipments, you’ll need to work with a shipping company or NVOCC.
- Companies will also need to pay customs agents and experts to manage the proper documents that come when importing, like the Bill of Entry.
- You must categorize your goods and determine their total cost after you have a selection of goods and providers.
- This time, you’ll need the cost structure like products’ price, delivery or shipping costs, and any taxes or import duties imposed by the Indian government.
- After you’ve put everything in order as the list of products imported from China to India, you’ll need to make absolutely sure you’re always in compliance with import rules.
- In order to continue importing products, you will also need to keep accurate records and complete your taxes on time each year.
HART is such a shipping company that is registered under NVOCC.
You can trust us and hand over the responsibilities of proper documentation, customs broker and shipping with the top 50 products imported from China to India.
4. What Is The Process Of Importing Products From China To India Online?
There are 4 key steps to consider while importing goods from China to India entirely online.
Such as:
4.1 Finding The Top 50 Products Imported From China To India Online
You must research goods that are in high demand in your area on a Chinese online shopping website.
In India, there are several websites that provide transportation of the top 50 products imported from China to India.
Alibaba is the market leader in this area. According to Wikipedia, two of Alibaba’s platforms handled $170 billion in sales in 2012.
As of April 2016, it is the world’s largest online retailer and one of the world’s major online suppliers of the top 50 products imported from China to India.
So, if you’ve already decided on a product, you’ll need to research it on numerous listing websites other than Alibaba, such as Amazon China, eBay China, and so on.
4.2 Finding A Good Supplier Online For The Selected Goods Imported From China To India
After you’ve found the top 50 products imported from China to India, you’ll need to discover a reputable supplier on Ecommerce sites.
You can reach any customer to inquire about the product’s pricing and other information.
If you wish to buy anything, you can bargain with the seller.
Provider gives you a rate depending on the number.
You can receive samples for a very cheaper cost if you can persuade the provider to place a substantial order in the future.
It is recommended that you request the supplier for a sample of the items imported from China to India to examine the quality.
They can deliver the new product to you through express shipping.
Examine the sample before making a decision about your items.
If you’re fortunate, you might be able to track down the same supplier registered on various online websites.
Here is a video link about finding Supplier:
4.3 Finding A Freight Forwarder Online For Shipping The Items Imported From China To India
A freight forwarder, also known as a shipping agent, is the agency who manages and arranges every stage of shipping for individual persons or businesses.
They help those who want the items imported from China to India.
There are some simple ways of finding freight forwarder online:
- Searching on Social Media like Facebook, Twitter, LinkedIn, Instagram, Snapchat, Pinterest, Reddit, YouTube, and WhatsApp.
- Researching on various search engine, such as:
- Microsoft Bing.
- Yahoo
- Baidu
- Yandex
- DuckDuckGo
- ask. com
- Ecosia, etc.
- Check experienced importer’s reviews from many e-commerce websites.
4.4 Hiring Customs Clearance Agent Online For Clearing The Top 50 Products Imported From China To India
If you do not even understand anything about the paperwork portion, such as the Bill of Entry, you may employ a Customs Agent to help you with the clearance.
The best idea is to hand over the responsibility of clearing the top 50 products imported from China to India to the freight forwarder you found online for shipping.
HART usually handles the customs clearing portion on behalf of the importer if they require.
Because, we are not only a professional shipping agency, we also work as a customs broker for you.
5. Tips For Goods Imported From China To India.
Here are some essential tips for you about the items imported from China to India:
- To prevent losing clients, always plan accordingly and include them into your schedule.
To make sure the processes of items imported from China to India are conducted well, create a timetable or plan that accommodates for unexpected interruptions.
- Make sure you work with a reliable and reputable shipping company.
- Rather than choosing the lowest cost, choose a service provider that can ensure seamless shipping of the items imported from China to India.
- To keep track of all needed papers so that you can submit the legal requirements on schedule for clearing the goods imported from China to India at the customs.
- If you don’t understand anything regarding the shipping of the goods imported from China to India, please seek clarification.
- Every time contact the shipper and check your requirements exactly what is expected when it comes to the shipping of the goods imported from China to India.
- When discussing with suppliers about the goods imported from China to India, make sure you both are on the same track.
6. Legal Documentation For Shipping The Top 50 Products Imported From China To India.
For shipping the top list of items imported from China to India, every importer needs to organize and acquire appropriate paperwork and show them to customs authorities.
Although the list of essential documents varies based on the location, the following are the most fundamental and typical paperwork used throughout international trade:
6.1. Commercial Invoice
A commercial invoice is a certified payment request.
It’s a customs statement, indicating that the item is being shipped over international boundaries.
6.2 Bill of Lading
A bill of lading is a document which describes a shipment of goods, assigns ownership to the goods and services.
It instructs the transporter to discharge the given list of items imported from China to India.
6.3 Air Waybill (AWB)
A certificate provided by an airline to confirm the list of items imported from China to India is known as an air waybill.
6.4 Packing List
A packaging list is a collection of the top list of items imported from China to India, as well as packing details.
6.5 Pro-forma Invoice
The pro forma invoice contains all of the necessary information about the cargo, such as the list of items imported from China to India, their characteristics, and measurements.
It also includes the final price, which helps the importer in making a final purchase choice.
6.6 Certificate of Origin
It’s a certificate that certifies that all of the items in a certain export cargo were entirely collected, manufactured, constructed, or packaged in that country.
6.7 CITES Permit
The term “CITES Permit” indicates the top list of items imported from China to India in accordance with international wildlife safety regulations.
6.8 Import/Export Declaration
Import/Export Declaration is paperwork that the customs office may request from occasionally.
It is a list of items imported from China to India.
7. Helpful Websites For Finding Good Suppliers In China For Top 50 Products Imported From China To India.
Here are few helpful websites for finding goods supplier for the top list of items imported from China to India:
- Alibaba
- Canton fair
- Global sources
- Aliexpress
- Hktdc
- Made-in-China
- DHgate
- China Suppliers
- OFweek
8. Categories Of The Top List Of Products Imported From China To India.
Approximately 14 % of the top list of products imported from China to India.
During the period From april 2019 to February 2020, India purchased items worth $62.4 billion from China.
Here is the Categories Of The Top 50 Products Imported From China To India:
- Technological items
- Organic Substances
- Nuclear Energy Plants
- Computer equipment
- Equipment for automobiles and motorbike
- Gadget
- Fertilizers and Compost
- Mobile phones
- Lighting is number nine.
10.Products made with milk
- devices for optical and medicinal use
12.Steel and metal
The following is the value of the top list of products imported from China to India:
| Imported Products’s Categories | 2018-19 (Rs.cr) | 2017-18 (Rs.cr) |
| Electrical machinery | 144405 | 184789 |
| Nuclear Machinery | 93616 | 87282 |
| Organic Chemicals | 60,082 | 45691 |
| Plastic items | 19038 | 15246 |
| Fertilizers | 14412 | 6912 |
| Iron and steel items | 12165 | 9497 |
| Optical and medical instruments | 11108 | 10718 |
| Vehicle and accessories | 10636 | 9371 |
| Iron and steel | 9950 | 10445 |
| Other chemical products | 8994 | 8692 |
Table 1: DIfference of value of the top list of products imported from China to India in different years.
9. What Are The Top 50 Products Imported From China To India?
Here is the list of top 50 products imported from China to India:
- Mobile phone modulator
- Plastic ring
- Computer USB
- Electrical resistors
- Light
- Ring bat
- Washer steel bolt or screw
- Cushion plate
- Machine parts of fan
- Bearing
- Cable automotive parts
- Sunglasses case leather shoes
- Ball or roller bearing machine parts
- Microphones
- Printing machinery
- Spectacles, goggles
- Plate door handle
- Air or vacuum pumps
- Taps, cocks, valves and similar appliances
- Women’s or girls’ suits
- Ensembles
- Jackets, blazers, dresses, skirts, divided skirts, trousers etc.
- Parts and accessories of vehicles of headings
- Babies’ garments and clothing accessories
- Footwear with outer soles
- Tools for working in the hand, pneumatic, hydraulic
- Equipment for general physical exercise.
- Imitation jewelry of base metal
- Interchangeable tools for hand tools, whether or not power operated
- Other plates, sheets, film, foil and strip, of plastics, non cellular and not reinforced
- Electric instantaneous or storage water heaters
- Paper or paperboard labels of all kinds
- T shirts, singlets and other vests, knitted or crocheted
- Clasps, frames with clasps, buckles etc.
- Instruments and appliances used in medical, surgical, dental or veterinary sciences
- Jerseys, pullovers, cardigans, waistcoats etc.
- Electric motors and generators
- Centrifuges, including centrifugal dryers; purifying machinery and apparatus
- Tube or pipe fittings
- Pumps for liquid
- Transmission apparatus for radio broadcasting or television,
- Tableware
- Kitchenware
- Hygienic or toilet parts and accessories
- Wrist watches, pocket watches and other watches
- Glassware of a kind used for table, kitchen, toilet, office, indoor decoration
- Air conditioning machines
- Sewing machines
- Textile fabrics
- Household or laundry type washing machines, etc.
10. Top 10 Products Imported From China To India In 2020-21.
There are 10 leading items imported from China to India in 2020-21, as per regional market and customer statistics.
Such as:
10.1 Crude Petroleum
India’s main items imported from China to India in 2020-21 was crude petroleum.
India is the commodity’s third-largest consumer.
For 84 % of its energy needs, it relies on crude imports.
10.2 Gold
Gold is one of the top of the list of items imported from China to India.
In March 2021, gold making goods imported from China to India averaged 160 tonnes at $8.4 billion, a huge 471 percent growth each year.
The increase in trade occurred when the ministry reduced the trade tariffs on the gold market from 12.5 percent to 10.75 percent in February due to COVID-19.
10.3 Petroleum Products
In the top list of items imported from China to India, a wide range of refined petroleum products are imported by India.
Liquefied Petroleum Gas (LPG), Liquefied Natural Gas (LNG), Petcock, and heating oil, in addition to crude petroleum are the top 50 products imported from China to India.
Although LPG is used for cooking, the other gases are mostly utilized in industry, such as power and heat supply.
10.4 Coal, Coke And Briquettes
India is significantly dependent on the list of items imported from China to India including coal despite possessing the 4th largest coal reserves.
Even India is becoming the 2nd largest generator of mineral power.
This is mostly due to the lower grade of local mining, that is mostly mined by the government Coal India Limited.
This is particularly the case with coking coal, which is used to manufacture coke as well as being a basic ingredient in the manufacturing sector.
10.5 Pearl, Precious And Semi-Precious Stones
In 2017-18, India’s importation of pearls, gems and semi-precious stones reached a high of $33.3 billion.
It has declined drastically ever since, yet it is still top 10 amongst the goods imported from China to India.
10.6 Electronic Components
Electronic equipment, consumer electronics, commercial electronic parts, workplace and telecommunication devices are a large portion of the goods imported from China to India.
10.7 Telecom Instruments
Telecommunication equipment is another significant contribution to the top list of products imported from China to India.
As per the RBI, its proportion of India’s electronic products imports increased by 10% between 2011 and 2018.
According to the Telecom Regulatory Authority of India (TRAI), the list of products imported from China to India meet the majority of India’s telecom equipment needs.
10.8 Organic Chemicals
Heterocyclic nitrogen sources and medicines are the most often organic chemicals in the top list of products imported from China to India.
Both of these basic ingredients are significant in the pharmaceutical business.
The country’s supply is virtually entirely reliant on China.
10.9 Industrial Machinery And Electric Machinery
Both industrial and electric machinery are tangible assets that are largely man-made resources and used to create products and services.
They contain equipment, structures, and vehicles, and also industrial equipment.
Industrial machinery, electric machinery , and automotive and auto components are the three primary sub-sectors of the substantial top list of products imported from China to India.
Throughout all three sub-sectors, China is India’s biggest capital equipment exporter.
11. Things Are Needed To Remember When Items Imported From China To India.
As a business importer, you have extra responsibilities because China is also a member of the Asian Union.
Even if you’re an experienced importer from India, it’s essential that you educate yourself with the following things that are needed before shipping from China to India:
- Use the appropriate product code for the top 50 products imported from China to India.
- You should pay Tariffs on top of the total amount of the Customs Value and the Import Taxes for the top 50 products imported from China to India.
- Importers, exporters, and shipping companies can use the Customs Handling of Import and Export Freight (CHIEF) system.
It helps to enter customs data electronically, calculate due taxes and duties, and verify for mistakes instantly.
As a result, you must register with CHIEF and report your items.
- Anti-dumping procedures may apply to some China items, necessitating the pay of significant extra tariffs, so make sure to double-check.
- Check to see whether your top 50 products imported from China to India are prohibited or if an import license is not submitted.
- Get a Customs Registration (CR) number and a Power of Attorney in order (POA).
Because the shipper gives the logistics company business a statement of authorization to pass the consignment via customs on their behalf.
- All tags and invoices you use must include the supplier and receiver’s information, the amount of items, their worth, product codes, and a clear explanation of the items.
Make sure the invoice is written and that no manual adjustments are made.
If you choose a logistics company business like HART WORLDWIDE, they can help you with everything, making the process of importing from China simple and easy.
12. Transporting Ways Of Top 50 Products Imported From China To India.
In terms of transportation, there are three main options for shipping the top 50 products imported from China to India.
They are:
12.1 Air Shipping
Because of speed, air freight can transfer your top 50 products imported from China to India from a manufacturing floor to your storage in a couple of days.
So, if you want your product to arrive faster, shipping it by air is your best choice.
12.2 Sea Shipping
Sea routes take longer than air cargo to get your top 50 products imported from China to India.
It entails the transportation of products by ship and their delivery at the discharge port.
It’s a time-consuming operation, but it’s significantly less expensive than air freight.
There are also two types of sea shipping.
Such as:
12.2.1 FCL Shipping Container
For FCL, your goods will fill a complete container and may be delivered at the recipient’s warehouse or at the port of destination.
FCL shipping is more costly, but it has a quicker delivery period.
12.2.2 LCL Shipping Container
If your product is really not large enough to fill the entire container, LCL shipping will be put into a joint container with other shipments.
When you just need a little amount of capacity, this is a fantastic method to save cost on shipping.
12.3 Express Shipping
UPS, FedEx, and DHL are the three most well-known express delivery providers in India.
Express shipping system is a good alternative if you need products delivered from China to India door to door.
13. What Is The Cheapest Shipping Way For The Top 50 Products Imported From China To India?
The lowest and cheapest mode of transportation is via sea for top 50 products imported from China to India.
Except in the case of canals, it works on a natural route and thus does not need a large financial commitment in the formation and implementation of its route.
The operating costs of sea shipping are likewise quite low.
Sea shipping has the highest maximum capacity and is ideal for transporting huge, heavy items over longer distances.
It has played a vital role in connecting people from all over the world together and is essential to international trade.
14. Import Tariffs On Top 50 Products Imported From China To India
When you understand what you’ll need to import to India, you should also understand the tariffs for top 50 products imported from China to India.
Such as:
14.1 Tariff Rates On Imported From China To India
India’s maximum fixed tariff rate is 48.5 %, whereas its basic MFN average imposed tariff is 13.8 %, as per the newest WTO statistics.
For agricultural commodities, India’s overall WTO-bound duty is 113.5 %.
The imposed tariffs are likewise quite substantial, with an overall agriculture tariff of 33 % on a trade-weighted ratio.
14.2 Classification On Tariff codes on top 50 products imported from China to India
- The Harmonized Commodity Description and Coding System is used by Indian customs to classify tariff products (Harmonized System or HS).
- Customs employs 6 digit HS codes, the Directorate-General of Commercial Intelligence.
- Statistics (DGCI&S) uses 8-digit codes for statistical reasons.
- The Directorate-General of Foreign Trade (DGFT) has expanded the 8-digit DGCI&S codes to a total of 10 digits.
14.3 Criterias of Customs Duty Calculation For top 50 products imported from China to India.
Tax is charged on all products imported into India.
Tariff rate is calculated based on a number of criteria, including:
- Basic Customs Duty (BCD)
- Social Welfare Surcharge
- Integrated Goods and Services Tax (IGST)
- Additional customs duty
- Anti-dumping duty
The total duty due for most commodities is equal to the BCD plus the Customs Handling Charges.
Here is a link about calculating the landed cost:
15. Impacts Of Covid-19 On Products Imported From China To India.
China is India’s top import destination, with USD 68.1 billion in imports in 2019, representing 14.2% of Total Indian imports from the rest of the world.
In India-China exporting and importing, covid-19 caused an international recession.
Here is the impacts of Covid-19 on the top 50 products imported from China to India:
15.1 The Immediate Impact Of Covid-19 On India’s Industry
The immediate impact of the epidemic declined in India’s economic development and disruption of its crucial supply chains internationally, impacting import and export industries.
Covid-19 is estimated that a 2% decrease in China’s exports in 2020 resulted in a USD 50 billion drop in international production exports.
15.2 A Scarcity That Has Never Been Seen Before
The consequences of the coronavirus have had a negative impact on Indian industry’s overall operations.
The import of industrial materials has been the most interrupted of them.
The launching percentage of ‘letter of credits’ (LCs) for industrial machinery imports has reduced by 27%, as per the present funding year’s report from July 2020 to February 2021.
Over the same time frame, the industry’ raw material imports fell by 4%.
LC openings decreased by 3% over the same time previous financial year, while imports climbed by 2.5 %.
However, the amount of LCs opened climbed by 5.07 % this financial year, while imports declined by 36.77 %.
Final Words
Importing items from China to India can be made easier with adequate strategy, analysis, and proper shipping operation.
Shipping and customs handling is the most valuable for the top 50 products imported from China to India.
Therefore, you will need to contact a trustworthy shipping agency who can ensure the timely delivery of the top 50 products imported from China to India.
You can rely on HART WORLDWIDE LOGISTICS in this regard.
For clients importing from China to India, Hart Logistical offers incredible transportation and logistics assistance.
We hope the above information on importing from China will assist you in getting ready to import from China to India.
Please do not hesitate to contact us if you require any shipping assistance.