Lifestyle
Hire a Customs Broker When You’re Neck-Deep in These 3 Problems
A customs broker will take you places – across oceans, borders, and countries with goods in tow. They are people licensed to aid with imports and exports, piloting shipments through customs while ensuring compliance with the law. A customs broker is a master in oceanic transactions and shipments.
But when do you need a customs broker? Here are three situations that call for customs brokerage services.
1. When you want to cut down on unnecessary costs
There is a sea of constantly changing rules and regulations in cross-border
transactions. For instance, fees are imposed if certain deadlines are not followed. In
some terminals, goods are also prematurely out-gated if containers sit longer than the allotted time. Terminals and carriers assign repercussions for multiple situations and it can be stressful to study the guidelines and procedures behind this.
Customs brokers can help you steer clear of unwanted delays, costly fines, confiscation of merchandise, and many other penalties.
2. When preparing and submitting paperwork for shipment
There is a considerable number of paperwork to hand over for shipment of goods.
There are files to submit to the country of origin and destination, suppliers, among
others. All the while, international trade policies are strict with the matter; even a single missing document could delay shipment and spell extra costs.
Because of this, many companies prefer hiring a customs broker who is an expert in the field. On your behalf, customs brokers prepare, check, edit, and submit the necessary files for clearance.
3. When classifying goods for valuation and taxation
There is such a thing called the Harmonized Tariff Schedule. This is a compilation of
taxes and duties levied on products as they pass into another country. Each product
gets a specific classification number, further divided into major groups and sub-groups.
Customs brokers correctly classify merchandise so that duties and taxes are properly determined.
These are only some of the situations that an individual or firm faces amid importation and exportation of goods. There are still entry procedures and protocols, admissibility requirements, compliance with the applicable state laws, and meetings with customs authorities. A customs broker is your all-in-one lifejacket that will help keep your products afloat in local and foreign waters.
Sea King Customs Brokerage and Logistics is home to a dedicated team of customs brokers who know the ins-and-outs of the import and export industry from evaluation classification, valuation, taxation, and more. Sea King seeks the best available options for their clients and ensures the safe and timely arrival of goods, without forgetting responsibility to government regulations and audit processes.
To learn more about Sea King Customs Brokerage and Logistics, visit their website at www.seakingphilippines.com. Follow them on Facebook and Instagram.