Subject: What is the banggood Taxes and tariffs insurance
Banggood Tariff Insurance
Tariff insurance gives you coverage for any tariffs you need to pay when the item reaches your country.
Do all items have Tariff insurance?
We offer tariff insurance for selected items and destinations only. If Tariff insurance is available it will be available as an option when you are on the checkout page.
How does tariff insurance work?
- When you become aware of the tariff, contact us and provide details of the costs involved.
- We then approve the claim.
- You then pay for the tariff and send us the receipt.
- We will reimburse you the value of the tariff.
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Fees and processing costs are not included!
Insurance covers the fees only, other related costs are not included. This included administration, processing, and handling fees.
Orders with tariff insurance:
Turkey：
If you are charged import duties on an item covered by tariff insurance, contact us for reimbursement of up to 100% of the value of the item.
Brazil：
If you are charged import duties on an item covered by tariff insurance, contact us for reimbursement of up to 100% of the value of the item. (Excludes Postal Clearance and ICMS.)
All other countries：
- If you are charged import duties on an item covered by tariff insurance, contact us for reimbursement of up to 60% of the value of the item.
- Orders placed after December 12, 2019: All tariff charges and associated processing costs will be refunded.
- Orders placed before December 12, 2019: Only the actual value of the tariff will be refunded; processing costs (customs handling fees, courier processing fees, administrative fees, etc.) will not be refunded.
- We will arrange your refund within 1 business day after receiving a copy of the receipt and documents the customs agency of your country has sent you.
- Orders without tariff insurance:
- If your order is not covered by the tariff insurance you paid, you will not be eligible for a refund of its import duties.
How can I find out about my local import tariffs?
Every country has its own import regulations and restrictions. You can contact or refer to the official website of your local post office or customs agency to estimate the amount of import duties you may have to pay.
If you purchased tariff insurance, you can make a claim and we will reimburse any taxes and duties you paid. Learn more about tariff insurance.
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Do I need to pay import taxes and duties?
You are responsible for all import taxes and duties that may be charged when your parcel passes through Customs. Many countries do not charge import duties on private items below a certain stated value. However, you may find that you have to pay taxes when goods you have ordered from us arrive in your country.
We advise you to find out about the local regulations prior to ordering from us. Banggood can not give you advice or information about tax rates and customs charges in your country.
Goods and Services Tax (GST)
GST applies to goods imported by consumers into Australia or New Zealand.
Package delivered to Australia:
If you shop on Banggood’s AU Site (https://au.banggood.com), the product price includes GST.
Orders up to AU $1,000
From 1 July 2018, if you’re buying an item located outside Australia and you select a shipping address in Australia, Banggood will add GST to your total at checkout. The order value (item price + shipping costs) goes directly to the seller as usual, and Banggood remits the GST portion to the Australian Taxation Office (ATO). Please visit the ATO website (https://www.ato.gov.au) for more information about the introduction of GST on low value imported goods.
Orders over AU $1,000
If you’re buying from overseas and your order is valued at over AU $1,000, the GST is generally collected at the Australian border. You may need to pay it as part of clearing your parcel through customs.
Package delivered to New Zealand:
From December 2019, if you’re buying an item located outside New Zealand and you select a shipping address in New Zealand, Banggood will add GST to your total at checkout. The order value (item price + shipping costs) goes directly to the seller as usual, and Banggood remits the GST portion to the New Zealand Inland Revenue. Please visit the New Zealand Inland Revenue website (https://www.ird.govt.nz) for more information about the introduction of GST.
The Composition of India Government Tax
India Govt. Tax is divided into three separate parts:
1.Goods and Services Tax (GST) – A tax on the sale and consumption of goods and services in India.
2.Tax Collected at Source (TCS) – An Income tax paid by the seller who collects in turn from the buyer.
3.Import Tariffs – A Tax on goods coming into India from abroad.
Why was I asked for my CNPJ/CPF?
Companies importing to Brazil are supposed to state their “CNPJ” number, and individuals are supposed to state their “CPF” number on invoices.
If you want us to ship your order to Brazil, please make sure you give us the correct “CNPJ” or “CPF” number, in order to guarantee a smooth Customs clearance procedure of your parcel.
