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Import tariffs on jewelry, customs clearance for jewelry, and cross-border e-commerce import process

During holidays and festivals, there is a peak in consumption of gold, silver, and jewelry. On occasions such as weddings, birthdays, moving into a new home, appreciation, and self-reward, people prefer to give stylish, high-end gold, silver, and jewelry as gifts. Can gold, silver, and jewelry be imported through cross-border e-commerce retail? What are the customs duties and tax rates for cross-border e-commerce jewelry imports? In this article, we will specifically explore the advantages of cross-border e-commerce imports of gold, silver, and jewelry, as well as the customs clearance process for jewelry imports.

Great Market Potential for Gold, Silver, and Jewelry

From 2014 to 2021, the market size of China’s jewelry industry has continued to rise, reaching 720 billion yuan in 2021, an increase of 18.03% from the previous year, with a relatively fast growth rate. On the one hand, due to the impact of the COVID-19 pandemic in 2020, many weddings were postponed, and some of the demand for jewelry consumption was released in 2021. On the other hand, the jewelry industry, especially gold jewelry, actively caters to the young market by balancing fashion and value preservation, leading to an increase in jewelry consumption in China.

In 2020, China’s jewelry imports were only US$31.735 billion, a decrease of 47.51% year-on-year. After the COVID-19 epidemic was controlled in China in 2021, the import and export volume of the jewelry industry quickly rebounded. In 2021, China’s jewelry imports reached US$77.418 billion, an increase of 143.95% year-on-year.

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Case of Smuggling of Gold Jewelry:

The Guangzhou Customs has investigated multiple cases of smuggling of gold jewelry, and smuggling of gold and silver products is frequent. Guangzhou Customs has successively investigated multiple cases of smuggling of gold jewelry, involving a total of 12 persons. They seized a batch of undeclared gold necklaces, diamonds, colored gemstones, and other items, with a total value of about 5.74 million yuan. Imported gold and silver exceeding 50 grams must be declared to the customs.

How to Calculate Customs Codes and Import Tariffs for Gold and Silver Jewelry?

The customs code for silver jewelry is: 7113119090, and the value-added tax rate is 13%.

The customs code for gold jewelry is: 7113191990, and the value-added tax rate is 13%.

The customs code for gemstone jewelry is: 7116200000, and the value-added tax rate is 13%.

The customs code for diamond jewelry is: 7113191100, and the value-added tax rate is 13%.

According to the cross-border e-commerce policy, there are tax incentives, and the import value-added tax rate has a 30% discount.

Are Consumption Taxes Levied on Cross-Border E-Commerce Imported Gold and Silver Jewelry?

No, they are not. According to the tax incentive policy for cross-border e-commerce imports, the comprehensive tax rate for imported gold and silver jewelry is 9.1%, with a single transaction limit of RMB 5,000 and a personal annual transaction limit of RMB 26,000.

The qualifications and procedures required for importing gold and silver jewelry:

Qualifications Required for Importing Gold and Silver Jewelry:

1. Record of Foreign Trade Operators

2. Customs Registration

Procedures Required for Importing Gold and Silver Jewelry:

1. Packing List, Invoice, and Contract

2. Inspection and Customs Clearance Authorization Letter

3. Import and Export Business License

4. In Chinese or Foreign Language

5. Customs Declaration Form for Imported Goods

6. Consignee Registration Number

7. Purpose/Material

8. Specification or Model

9. Other Required Documents

Customs Clearance Process for Importing Gold and Silver Jewelry:

1. After the goods arrive at the port, exchange for the bill of lading;

2. The goods are transported to the bonded warehouse for pickup;

3. Declare to the customs;

4. Customs inspection, which belongs to spot-checking;

5. Issue tax bills, pay customs duties and value-added taxes. Cross-border e-commerce imports are temporarily exempted from taxation in advanced bonded zones;

6. Release the goods and pick them up.

9. Deliver the goods to the designated domestic location/cross-border e-commerce bonded import transportation to the bonded warehouse.

Cross-border e-commerce imports are regulated as personal-use imported goods and do not require any first-time import permits, registrations, or filings.

Advantages of cross-border e-commerce imports of gold, silver, jewelry, and precious stones:

Advantages: Cross-border e-commerce imports have fewer procedures compared to general trade imports, and customs clearance efficiency is stable and guaranteed. Compared with general trade, cross-border e-commerce imports have fewer tax categories, which can greatly reduce import costs and increase profit margins.

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