Importing Japanese Used Cars Into Mongolia

June 26, 2008 at 11:37 am Leave a comment

HOW MUCH IT WILL COST

TARIFF SCHEDULE FOR IMPORTED GOODS

All merchandise imported is subject to a value-added tax (VAT) of 13%, and a 5% import duty. Import duty does not apply to equipment and tools imported to Mongolia for hospitals.

Vehicles are subject to an additional excise tax (in addition to import duty and VAT):

Excise Tax Schedule For Automobiles
Cylinder Capacity
(cm3)
Tax on cars used
from 0 to 2 years
Tax on cars used
from 2 to 4 years
Tax on cars used
over +4 years
Up to 2000 $500.00 $1000.00 $2000.00
2001-3000 $1000.00 $2000.00 $4000.00
Over 3001 $1500.00 $3000.00 $6000.00

Customs Declaration Fees:

  • US$5 for basic declaration;
  • US$8 for basic intensive and simplified customs declaration;
  • US$5 for every additional declaration.
  • Payment for the charged services are to be made in MNT at the US Dollar rate of the day.

Other Costs:

  • Annual Vehicle Tax
    • 2,000MNT to 100,000MNT depending on engine size and capacity.
    • Annually, must be returned by Feb 15th of next year.

REQUIRED DOCUMENTS

DOCUMENTS REQUIRED BY MONGOLIAN CUSTOMS TO IMPORT GOODS
The following documents are required by Mongolian Customs:

  • Contract for import
  • License for import
  • Cargo Manifest
  • Bill of Lading
  • Transportation Invoice (railway bill, road shipment bill, airfreight bill, and/or combined transportation bill)
  • Merchandise Customs Declaration
  • Declaration of Merchandise Value
  • Proof of Insurance
  • Commercial Invoice
  • Payment Receipt
  • Status on quality control of goods
  • Packing List
  • Certificate of Origin
  • License from responsible agency
  • Receipts of payment for related duties and taxes

WHAT MUST BE DONE

CUSTOMS CLEARING PROCEDURES TO IMPORT GOODS VIA RAILROAD

Goods are cleared based on a Customs Merchandise Declaration, which is filled out by the importer/exporter in Mongolian. The importer/exporter can use the service of broker companies such as MONGOLTRANS, TUUSHIN and IFFC, to prepare the Merchandise Customs Declaration.

The general steps to clear imported goods are shown below and should be followed in sequence:

  1. 1. Importer/ Exporter (I/E) obtains shipment documents from the Transport Dispatcher at the point of arrival of goods (UB Train Station, Toolkit Station or “Gurvaljin” container yard, etc.).
  2. An inspector at the Ulaanbaatar Railroad Customs makes sure that the packet of papers is complete and reviews shipment documents.
  3. I/E goes to one of the broker companies (MONGOLTRANS, TUUSHIN and IFFC) to prepare a Merchandise Customs Declaration.
  4. Payment of taxes and fees to the bank (located in the same building as the Ulaanbaatar Railroad Customs).
  5. I/E brings all collected documents to a goods clearance officer at the UB Railroad Customs and obtains a number for the Merchandise Customs Declaration.
  6. Importer/Exporter and Customs Inspector go to the container yard to inspect the goods.
  7. Goods are inspected and released.

Source: http://japan-used-car-exporting.info All tax informations here should be checked for any updates.

Advertisements

Entry filed under: Exporting Used Cars to Mongolia.

Doing Business in Mongolia The Mongolia Investment Forum 2008

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

Trackback this post  |  Subscribe to the comments via RSS Feed


Pages

June 2008
M T W T F S S
« Aug   Aug »
 1
2345678
9101112131415
16171819202122
23242526272829
30  

Blog Stats

  • 11,289 hits

Note

Information contained in this web site are partly derived from a CD-ROM "Guide to Investment and Trade-Mongolia", produced by Foreign Investment and Foreign Trade Agency (FIFTA). All trademarks are properties of their own respective owners.

%d bloggers like this: