The preparation and submission of documentation required for exporting or importing goods into a country are known as customs clearance services. Such services include representing clients during customs examination, assessing and paying duties, and taking delivery of cargo with the necessary documents after clearance. Clearing a shipment through Customs has traditionally been one of the more complicated and frustrating aspects of the import process. The customs brokerage profession exists to assist importers in ensuring compliance with various laws and regulations, while also ensuring that goods arrive smoothly at their destinations.
PROCESS OF CUSTOMS CLEARANCE
• Providing the necessary paperwork for your shipment. Every international shipment includes a commercial invoice that lists the shipper and receiver’s contact information, shipment details such as item description and total value, export data, and airway bill number.
• Clearing taxes and duties associated with your shipment. The value of the goods is determined to see if it exceeds the tax threshold, and if so, these taxes and duties are paid.
• Payment of unpaid taxes and duties. At this point, the terms DDU (Deliver Duty Unpaid) and DDP (Delivery Duty Paid) come into play.