Entrepreneurs cooperating with foreign partners know that the costs of customs clearance are sometimes exorbitant. How to optimize them?
Analytics experts conducted a study, during which it was found that one of the main cost items during customs clearance is the incorrect determination of the codification of goods. It is the code that influences the entire structure of the product’s subsequent procedures when crossing the border. The following aspects depend on it:
- customs duty rate;
- VAT;
- risks accordingly;
- “passing” customs value;
- the need to provide permits – certificates of conformity, licenses, etc.
To avoid mistakes when setting codes for a particular product, you must carefully choose a customs broker. Only a company with extensive experience in providing services employs specialists who are able to quickly classify goods even within a limited time frame. Specialized programs, information available in the sender’s papers, extensive practice and perfect knowledge of the legislative framework come to the aid of professionals.
At the same time, good specialists also take into account such points as the likelihood of errors on the part of the sender, differences in the classification of goods in different countries, and other aspects.
