E-commerce allows people all over the world to buy and sell items from other countries, and many who do report making considerable profits. The process of selling items may be easy, but having items shipped from a foreign country can be a challenge. There are many regulations a person must follow to ensure the item can legally enter the destination country and be sold without future ramifications. Here are just a few things that clearing agents can help with when a person is attempting to import foreign goods.
Taxes and Fees
Most items that enter a country from a foreign point of origin must be taxed if they are going to be sold for a profit. Avoiding this tax can be considered evasion and carry substantial fines and jail time depending on the amount of money that was not paid. A customs clearing company can ensure all taxes are paid ahead of time so a retailer does not have to worry about future litigation.
Applications for Entry
Before an item can be brought in from a foreign country, there must be an application on file. The application can be confusing to complete but is required so the destination country can keep track of the value of items brought in from outside manufacturers. Not completing an application ahead of time can cause long delays and make it harder for a recipient to gain access to their goods.
The time it takes an item to clear a customs office can vary, but having the necessary paperwork filled out before it arrives can help reduce delays and get the items ready for resale quickly. A customs clearing agent can help and will know the ins and outs of the clearance process and assist anyone in getting quick access to the items they need.
Don’t attempt to import goods without expert guidance. One wrong step can lead to steep fines and possible legal action. The team at JS Forwarding takes the guess work out of the customs process and can help anyone looking to start an online retail store do so the legal way. Let their team of professionals make easy work of the long and complicated job of appeasing a countries customs department.