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 other words, it takes a lot of time, skill and effort to clear items through Customs. Brokers must take into account various government regulations and individual customer requirements.
Furthermore, brokers must be familiar with the Customs laws, the tariff schedule and the specific regulations and restrictions for each type of import and each country.
Any errors in the clearance process can result in significant fines for the broker and the company.
Times are changing and so are the ways we do business. Most manual procedures are being replaced by online programs. Digital technology makes it easier to submit documents, track the movement of goods, manage customs paperwork and stay current on latest trends.
TNETS connects to customs in most jurisdictions electronically and has a range of solutions to allow usage of data directly from ERP and WMS systems and many other third-party technologies thus saving time, improving accuracy and removing the risk of data-loss.
To ensure problem-free imports, brokers must always do their homework. They have to obtain detailed information about the shipment, review all applicable regulations, ensure proper classification and labelling and observe submission deadlines. This particularly applies to new commodities, since it allows sufficient time to address any issues or concerns.
TNETS keeps abreast of trade regulations, tariff, rules of origin and trade agreements and advises clients of such requirements on and ongoing basis.
It’s important to check if the goods come with any special requirements or restrictions. For instance, alcohol, weapons, certain pharmaceuticals, animal products and chemicals need specific import licenses. Most countries prohibit things like toxic substances, cultural heritage goods and illegal products made from endangered species.
TNETS advises clients on tariff classification, import licences and documentary requirements in all jurisdictions.
To avoid fines, delays, and damages to the cargo, the customs paperwork must be complete, accurate and submitted on time.
The paperwork should include a detailed description of the goods, certificate of origin, packing list, bill of lading, SKU number and verified tariff classification number. Special permits for goods subject to other government regulations must also be obtained.
TNETS checks documentation in advance of movement of goods and advises clients on import licences, and in some jurisdictions applies for import licences on behalf of clients.
Brokers should always check for ways to reduce import costs. For instance, certain goods qualify for preferential access, granted under so- called PTAs (preferential trade agreements). In this case, the import tariffs get reduced, but not completely eliminated.
TNETS keeps abreast of tariff codes, rules of origin and trade agreements and advises clients of such gst and duty reduction opportunities on and ongoing basis.
To ensure compliance, brokers need to identify any errors in the original entries. Then they should submit them to Customs, corrected and within specified time frames. Things to check include origin, the number of items i.e. surpluses and shortages, value and tariffs.
TNETS checks and corrects customer documentation as part of the customs declaration process to ensure clients avoid customs penalties and delays.
Companies must keep detailed records of all shipments, from procurement to payment for several years in most jurisdicitons. And this includes invoices, shipping records, proof of origin, markings, value adjustments etc. Customs brokers can do this on behalf of the client, following a written authorization by the relevant government body.
TNETS maintains searchable archives of all past declarations along with related trade documents making them instantly available to clients in case of customs audit.
International trade is a highly dynamic field. To avoid accidental non-compliance, brokers must keep up to date. Most of all it includes following international trade news, regulatory changes, and cross- border issues. Regular attendance of educational events such as compliance and risk management seminars is also advisable.
TNETS helps organise and provides expert speakers for trade and customs-related events around the world, and makes this expertise available to clients through dedicated client seminars and updates.
Brokers must represent their clients to the best of their abilities. This includes full adherence to applicable customs laws. Any negligence or oversight can result in damage, delays and revenue losses. Additionally, It can also reflect badly on the reputation of both broker and client.
Brokers must know their scope of authority, make efforts to improve their skills and conduct internal audits to improve operational efficiency. At the same time, they are under obligation to provide accurate data and disclose any false or misleading information.
TNETS works on a zero-tolerance basis when it comes to compliance. TNETS reputation is founded on adherence to all customs laws and regulations and observance thereof is a core value throughout the company.
Hiring TNETS as your customs broker gives you access to a wealth of knowledge, skill, and experience. In other words, it spares you the hassle of navigating through the customs clearance maze yourself.