The durability of Japanese cars makes them immensely popular all over the globe. The market to import Japanese used cars to Russia is proliferating. Several dealers are known for importing second-hand Japanese vehicles to Russia. If you want to understand everything about the process of importing Japanese vehicles to Russia, this article is for you. The steps to follow for importing Japanese vehicles to the country are as follows:
1. Find a Trustworthy Supplier
The first step is to find a trustworthy Japanese used car importer in Russia. Finding a reliable supplier is not difficult in the time of the internet. For instance, Bizupon is a reputable importer of Japanese used cars. The website contacts the best exporters in Japan and conducts quality checks to ensure buyers get the best vehicles.
2. Select Your Desired Car Model
You should carefully consider which car model you want to buy. Even though it’s second-hand, you will still spend your hard-earned money. Therefore, you need to ensure that the vehicle is worth your investment. Consider your needs and budget before buying a car in haste. For instance, remember to check seating capacity if you plan to accommodate your big family in the car.
3. Payment and Shipment
Once you have chosen the car, you need to consider the payment options. You should also be careful about all the paperwork to ensure a seamless import process. Bizupon will aid with the paperwork, which ensures that the process is even more hassle-free for you.
Import Rules and Regulations to Remember
The process of importing Japanese cars to Russia isn’t tricky. But you need to remember the following rules:
1. Shipping Ports
Not all ports in Russia are suitable for importing used cars. The ports that can be used for the importation of used vehicles are as follows:
2. Documents to Submit
The documents that you need to submit for importing used cars to Russia are as follows:
- Commercial Invoice
- Freight insurance
- Single Administrative Document
- Bill of Lading
- Packing List
- Customs value declaration
3.No Left-Hand Driven Vehicles
Russians are only allowed to drive on the road’s right side. Any left-hand driven vehicle is strictly banned from import to Russia.
4. Duties and Taxes
Import tax is deducted as 25% of the vehicle’s total value. A Value-added Tax is charged on 20% of the vehicle’s weight. Some accredited foreign companies, foreign nationals, and residents of Russia are at times exempted from these taxes.
However, enjoying the tax exemptions for used car import to Russia is not easy. The import requirements in the country are pretty confusing and complicated. Buyers often find it challenging to access relevant custom regulations. The enforcement of the rules often depends on the official rather than the law.
5. Age Restriction
Vehicles older than five years are not eligible for import to Russia.
6. Registration Process
Registering your vehicle revolves around the following:
- Any vehicle imported for six months needs to be registered with the Russian Federation.
- Any vehicle imported beyond six months needs to be registered with the Russian Interior Ministry’s Traffic Safety Inspectorate. The registration should be done only after the customs have been cleared.
7. Importing Temporary Vehicles to Russia
Temporarily imported vehicles with temporary usage extending over a year enjoy partial relief on import tax. But a customs charge of the vehicle’s three percent of the total cost is assessed every month. The total cost includes the car’s original price, including import taxes. Usually, an advanced assessment of up to three months is required. If the vehicle gets exported once again, the fees aren’t returned.
The import of cars to Russia has increased considerably over the years. Even though importing automobiles to Russia is expensive, some companies need it to sustain their business. Due to the heavy increase of customs duties, import tariffs combined with other taxes can exceed 100% of the vehicle’s value.