Shipping customs clearance is a crucial step for the good to pass through the customs authorities while complying with the importing and exporting countries' regulations. Several processes are to be performed in a step-by-step manner, otherwise there are chances of delays, penalties, or even the cargo being confiscated by the authorities. Fengjin is a logistics service provider providing assistance with international freight and customs clearance in an all-encompassing manner.
Preparing Documentation
Asides from a freight quote, every freight forwarder will require you to submit several documents. The most basic document required is the commercial invoice which simply states the bill of sale between two buyers. A packing list is also important especially for detailed shipments that indicate where each item falls under the shipping description. Bill of lading is another necessity that is a legal document used to detail and acknowledge the transaction and the origin of the shipment. Bills of lading can also take the form of certificates of origin These documents must be prepared prior to the shipment even the goods are collected.
Classification of Goods
While the shipping customs clearance may only require the shipping documents, for successful completion there are additional documents that are required to be submitted for verification. One of these additional documents is the Harmonized system (HS) which classifies imports and exports based on the customs union that the country falls under. Getting the HS system wrong can lead to loss of goods due to the inability to retrieve them after they have been shipped.
Valuation of Goods
When sending or receiving a shipment, it is essential to keep in mind that every customs authority has its own universal rule, which is to declare the goods being received or given a lower or equal value than its original price. There are three results that can arise from either complying with the customs request or not. If the stated price of the shipment is wrong, then the borrower's company taxes will be calculated as a percentage based on the value that was declared, this can also lead to an absolute or a lower declaration of assets.
Duties and Taxes
Once the goods are classified and assessed, the appropriate duties and taxes need to be paid, attention not to paying these can lead to problems where with the company withholds the shipment until a ranking amnesty has been provided.
Physical Inspection
Civil Officers and the People’s Liberation Army Navy may generally take the initiative to inspect the reason of shipment with relation to the papers provided, and so it’s a matter of concern if the benefit shipped out is not found in the file because it would certainly increase the time taken for clearance.
Post-Clearance Audit
Another scrutiny, called post-clearance audit, is conducted by the customs even when the goods have been admitted. For purposes of assurance, examining whether customs requirements are being observed on a consistent basis. Such measures typically include record-keeping and submission of relevant obligations.
Conclusion
In conclusion, the shipping customs clearance is a step by step and regulated system where precision is a neck and guidelines are to be followed strictly. If the key steps outlined above for compliance are found, the clearance process may be a smooth one with less avenues for complications arising. Fengjin, with customs clearance knowledge and skills could take the clients on this detailed process without any obstruction and in a timely manner.