USAOPEN .com Destinations – Japan

Shipping Jewelry to Japan is absolutely priceless…

 

 

Japan, Country in Asia

Japan is an island nation in East Asia. Located in the Pacific Ocean, it lies to the east of the Sea of Japan, China, North Korea, South Korea and Russia, stretching from the Sea of Okhotsk in the north to the East China Sea and Taiwan in the south.

Capital: Tokyo
Population: 127.3 million (2013) World Bank
Emperor: Akihito
Currency: Japanese yen
Prime minister: Shinzō Abe

 

Shipping Tip*

Import Duties

All goods entering Japan must clear Customs and are subject to Duty and Consumption Tax assessment unless the goods are duty or tax exempt by law.  Duties are usually an “ad valorem” rate (a percentage) that is applied to the transaction value (in Japanese Yen) of the imported goods.  However, some goods are dutiable at a specific rate of duty (so many yen per piece, kilo, liter, etc.) and others at a compound rate of duty (a combination of both ad valorem and specific rates).  Rates of duty vary based on commodity type and country of origin and are available in the Harmonized Tariff Schedule of Japan.  Although the maximum rate is 60% of CIF value, duties are usually between 3-15%.  VAT (Consumption Tax) is 8%.  Duty is based on the transaction cost of the goods plus the cost of insurance, freight value and associated charges such as brokers fees, commissions, etc. Consumption Tax is payable on the sum of the cost, insurance, freight value and duty amount payable.

*Source: FedEx