What Is The Process Of Customs Clearance?
One of the most important steps in starting an international business is ensuring your products are able to make it through customs. If you ship goods into another country, there’s a good chance that they’ll be subject to customs clearance procedures. In this article we’re going to take a look at what the process of customs clearance is, how it applies to different types of goods, and the main steps involved.
- What is the process of customs clearance?
For any shipment, there are three steps involved in the customs clearance process. The first step is the import declaration, which is where you declare the product you’re importing, the value of the product, and what it’s being used for. Secondly, you need to pay duty and tax, which is a percentage of the total value of the product. Finally, you receive authorization for the import.
The import declaration is a fairly involved procedure:
If you’re participating in any international trade, you should be aware that all foods or beverages, as well as certain types of documents, such as medical treatments or university degrees, may require import permits as a requirement of entering another country.
Imported goods must comply with import requirements; goods may also be subjected to duties and taxes imposed by the country of importation.
Customs officers conduct thorough searches of your goods to determine…
