Q: if I will import something from India to resell here in US , I will pay any taxes? what is going to happend in the port ?
A: Customs fees - Harbor Maintenance Fee will be .125% of your total entered value (invoice value) (minimum of $25.00) Merchandise Processing Fee will be .21% of your TTEV (inv value) Duty will be depend more on the specifics of your product. If this is the yarn you are going to want to check with a textile specialist to make sure there are no current quotas on which specific types you want to import. (Quotas are limits set by customs as to the total amount of a product that is allowed to be entered into the US economy) The broker will clear your shipment approx. 4 days prior to vessel arrival. Once customs has released, ocean freight paid and original bill of lading surrendered to the carrier, the carrier will dispatch your order for delivery to you. As noted previously, there is a lot to know about importing. Most importantly in your situation will be the specifics on the commodity you want to bring in as well as record keeping information (as the importer of record you are bound by law to keep specific records in a specific manner). Ill be around all weekend if you want to talk anymore YOu can email my gmail account or talk to me on yahoo IM Thanks! Melissa