Customs brokers make sure your shipments cross the border and reach their intended destination safely. They have the skills to facilitate the entire customs clearance process, regardless of the port of entry. Rules and regulations in cross-border transactions keep changing. As experts in the requirements for each type of goods, customs brokers can help you avoid costly delays, fines, confiscation of the merchandise and other penalties. Another thing to keep in mind is that you are legally responsible for all customs declarations prepared on your behalf.
As faulty declarations can result in audits, fines and even sanctions for your business, make sure to have your declarations verified by a licensed customs broker. This is because of the convenience in entrusting all the paperwork and communication with relevant agencies to an expert. Even more importantly, their expertise in the field can save you from making costly mistakes. Customs brokers are well versed in the Harmonized Tariff Schedule — a compilation of duties or taxes levied on goods as they enter a country.
Each good receives a specific classification number and they are divided into major groups and sub-groups to allow correct and easy identification for the purposes of charging customs duty. Some commodities automatically require a formal entry formal declaration of specific information on the imported goods. This applies to food and pharmaceutical products, cosmetics, chemicals, biological materials for research and medical use, as well as agricultural and dairy products.
A formal entry is also needed if your shipment exceeds a certain value, regardless of its nature. Likewise, for America, U. Using a brokerage company that provides integrated Canadian and U. This means the broker is part of a U. Along with increasing safety, this helps your shipments move through the border quicker because the membership allows the customs clearance processes to go faster.
Do you need assistance importing or exporting goods? Get a quote for free. May 5, What is a Customs Broker? What Does a Customs Broker Do? A customs broker is a party who gives you advice and support in handling customs formalities arising from the import and export of your goods. Not just any party will be able to simply act as a customs broker; it requires a licence and, above all, expertise.
A customs broker handles all your customs formalities. Based on documents such as invoices made available to the customs broker, he will make the declarations. The customs broker makes sure that all required documents are handed to the customs officers. They know the procedures from beginning to end, so that customs matters can be handled quickly, accurately and on time. The customs broker can be seen as a consultant who supports you with the preparation and performance of import and export processes.
Apart from that, they will assist you in case of any customs-related problems or disputes. Yes, you would be able to handle your own customs formalities if you have the required licences.
However, regulations for transporting goods from and to the European Union are complex, which means that you need the right knowledge. Apart from the required licences and knowledge, you also need software to handle the customs formalities. It is therefore a very logical decision to contract out your customs affairs.
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