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Tuesday, 17 December 2013 21:31

Importing Your Product

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Important fact that you need to be aware of
before you start importing product.


I advise everyone to check out the true cost of your product. You can be excited by getting a great product cost, but you need to make sure that you include the cost of shipping, duty and VAT in your costs. Many people forget that that these costs form an integral part of the product cost, and can easily outweigh the benefit of importing them.  One of the first things I advise you to do is check the duty rate that is associated with your product. In the working out of your costs, check out the Taric code – see link

It will give you the % Duty (D) to add to your cost

There is no duty if product comes within the EU. It is advisable to check what the Taric Code is before you start importing products from non EU countries as some items can have an anti-dumping duty rate applied. I have come across as much as 48% on some items and it does not make it worth your while to start importing your product.

To work out the duty cost
In addition to the cost of the unit from the manufacturer you need to include the shipping costs as well. To make it easy for you I have included a short product cost calculator to help you.

VAT is then worked out on the total cost of the product + shipping + Duty

No of Units



Total Manufacturing Cost







Total (B)

(X + Y)




(X + Y) x D


Total (C)

(X+Y) x (1XD)

VAT @ 23%


23% x ((X+Y) x (1XD))


Total Cost 


1.23 x ((X+Y) x (1XD))

Unit Cost


1.23 x ((X+Y) x (1XD))/ A


It is advisable that you check the duty rate with your local customs & excise office – they will advise you what it is.

If you need more information send an email to This email address is being protected from spambots. You need JavaScript enabled to view it. and I will be only too delighted to reply.

Read 8610 times Last modified on Tuesday, 17 December 2013 22:53
Ray Doyle

Ray is the Business Development Director for Chirl Sourcing Solutions in Dublin. He helps companies reduce their costs by sourcing their components and products in China whilst maintaining the quality.

His service ranges from delivering "from factory floor to front door" which includes product cost, delivery, duty, inspection costs, freight, legal agreements and product liability insurance. Some of our clients want us just to find a factory that can manufacture the product that they want - this we do for a flat fee.

A key part of his service is shipping inspections, where it be part of the above service or a stand alone service. He is able to carry our this service as he has his own technical / inspection team in China who perform the shipping inspections to an agreed specification

Increasing sales plus lowering costs, Improving quality, Supply chain Management from the Chinese factory floor to your front door, Service tailored to your business needs, we act as your Partner, Expert in manufacturing processes, Mentor for business turnarounds

If you would like more information or advice on dealing with manufacturers in China, Taiwan, or Hong Kong - please feel free to contact Ray on 00353 872596492 or email him at

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