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Bearings going to Russia are subject to anti-dumping duties that can be settled through re-exports

Views:174     Author:Site Editor     Publish Time: 2019-01-08      Origin:Site

The Ministry of Industry and Trade of the Russian Federation initiated an anti-dumping investigation on rolling bearing products originating in China. On December 13, 2007, the Russian federal government decided to adopt anti-dumping measures against rolling bearing products originating in China, and implemented a 31.3%-41.5% anti-dumping tax rate, valid for 5 years. On September 18, 2012, the Eurasian Economic Commission launched the first anti-dumping sunset review investigation on the products involved in China. On September 17, 2013, the Eurasian Economic Commission made an anti-dumping sunset review of the products involved in China, and extended the anti-dumping measures for five years. On September 18, 2017, the Eurasian Economic Commission launched a second anti-dumping sunset review investigation on China’s rolling bearing products. The investigation period of dumping and damage in this case was from July 1, 2016 to June 30, 2017.

Bearing anti-dumping

Such a high anti-dumping duty will bring a heavy blow to China’s bearing export to the Russian market! China’s bearing export enterprises are forced to give up the Russian market! However, we know that Russia’s bearing requirements for China are relatively large. It is a pity that such a large market will give up because of anti-dumping duties!

In order to enable our country’s bearings to export Russian enterprises to continue to maintain the Russian market after anti-dumping, our company has opened up a channel for bearing the third country’s entrepot trade, and entered the Russian market through the third country curve, thus achieving the purpose of avoiding Russian anti-dumping duties.

We know that Russia does not have anti-dumping duties on bearings in all countries, so our solution comes: We first transport the goods to a third country (such as Malaysia, Thailand, etc.). After the goods arrive in a third country, we arrange customs clearance. Change the cabinet, issue a full set of documents from a third country (such as certificate of origin, packing list, INV, bill of lading, etc.), and then re-export to Russia. After the goods arrive in Russia, the customs clearance is a full set of documents from the third country. Such high anti-dumping Tax can be effectively avoided. This is what we call entrepot trade. We have started to operate after obtaining the consent of domestic and foreign customers, especially some foreign BUYER, I really like…

Bearing anti-dumping

The process of re-export operation is as follows:

1) Our company starts to carry goods from any port in China (Tianjin, Qingdao, Shanghai, Ningbo, Shenzhen, Guangzhou Port, etc.), and sends the goods safely to the transit port of the third country. The consignee is designated by our company. Our company is responsible for Re-export port import customs clearance.

2) When the goods are ready to leave the mainland, our company will arrange a two-way schedule according to the needs of the guests, and do BOOKING. After the arrival of the first-way (China-transit port), the container will be put in time and replaced at the terminal. Photographs of changing cabinets will be taken when changing cabinets to ensure the integrity and safety of the goods.

3) After completing the change of the cabinet, take the second-pass (transfer port-destination port) ship, get the bill of lading within 3-5 working days, and make the certificate of origin with the bill of lading. Prior to this, our company will be more correct with the Chinese shipper to do the documents.

4) After all the documents (Bill of Lading, FORM A/CO, INV, Bill of Lading, K2, etc.) are published, we will send the full set of original documents to your company or directly to the destination port. The destination port is used for customs clearance. A full set of documents from the three countries.

I hope that we can win more international markets for more enterprises in China that have encountered trade barriers through this third country re-export!

Luoyang Hengguan Bearing Technology Co., Ltd.
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Luoyang Hengguan Bearing Technology Co., Ltd.
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