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Tariff Classification
Selecting the correct tariff classification for cross-border products is crucial, not only from the standpoint of determining customs, excise, value-added, or anti-dumping duties and taxes payable upon import or export, but also in determining whether goods are subject to import licensing, quotas, or other requirements, and even eligibility for preferential tariff under Free Trade Agreements…
CUSTOMS CHARGES: ARE COURIER GIANTS REALLY CHARGING ‘HIDDEN FEES’?
“Calgary Mom” challenging DHL’s charging and communications practices has been trending in recent days, and this has generated quite a bit of media coverage in an area close to our hearts, i.e. Customs Charges Michelle Sinclair says she found out the hard way that ‘import duty/tax and clearance fees‘ i.e. customs charges, owed on an…
CUSTOMS TARIFFS ON LOW-VALUE GOODS
19 April 2021 – More customs jurisdictions are dropping or removing duty and / or GST threshold What this means is that more imports will: A. Have to be declared to customs B. Attract payment of duty and / or import tax than is currently the case. With the growth of e-commerce there are more…
WHAT IS CUSTOMS COMPLIANCE
30 April 2021 – Understanding the mechanism of customs compliance is vital. Often, this aspect of your business has been overlooked and causing ramifications to your company. The customs penalty for compliance failure is an unnecessary financial burden. The impact of non-compliance records could position your company under scrutiny by the authorities. In short, customs…
SINGLE CUSTOMS BROKER SOLUTIONS FOR SHIPPERS
Moving to a single customs broker: why wrestle with the risks and complexities of multiple freight forwarders performing customs clearance on your behalf? TNETS’ Single Customs Broker Solution delivers: In-House National Customs Approved Customs Declaration Technology Means No Licences To Buy Or Expensive Software And Hardware To Maintain Preserves And Enhances Existing Shipper / Freight…
BENEFITS OF USING A CUSTOMS BROKER
The task of physically transporting goods across international borders is relatively straightforward in most cases. Ensuring the correct customs documentation is in place can be much more complex. Aside from reducing possible delays at customs border points, having the necessary customs clearance formalities covered is a strict legal requirement, and there are often very different…
What is customs clearance?
16 September 2021 – What Is Customs Clearance Before the arrival and departure of any international freight, going through the process of customs clearance is compulsory. The process involves the preparation and submission of documentations required to facilitate export or imports into or out of the country. Before the cargo leaves the port of origin,…