Doing a business that serves people inside the country is very different from a business that functions internationally. Export and import businesses require you to connect with a foreign trader, better coordination, a lot of paperwork, legal procedures and many federal rules and regulations are to be followed. Also, checking on which materials are allowed for trading in your country is important as it varies from country to country.
Importers who want to expand their trade internationally need to follow a certain regulations requiring documentation and paperwork and legal procedures to be followed to bring in goods from another country. However, understanding and monitoring these formalities and following them can be perplexing. These procedures are not only lengthy, but also costly and complicated. The series of tasks starts when you reach Canada customs.
Completing all the activities in customs, while importing goods, is difficult and time-consuming. There are online and offline forms to fill in, taxes and fees to be paid, and many other rules and regulations to be followed in order to release the goods at the border. To do these formalities smoothly and properly, importers often hire assistance from various custom clearance services.
Who is there to provide you with these services? There are for-profit private entities that work as an individual, corporation or association to help you clear the customs formalities. Or you may opt for a customs brokerage company that will guide and help you through the process. Or you can hire individuals who work as customs clearance brokers.
No matter who you choose, a company or an individual, customs brokers will do the tasks of clearing customs formalities. Importers often hire them as they are professionals and experts in handling the importing formalities and legal activities single-handedly and properly. Also, the logistical support and bulk of paperwork is done by a customs broker for a reasonable price which would have otherwise cost you a lot if you did it yourself.
What do customs brokers do?
Customs brokers mainly monitor the tasks of importing. They are required to contact the export brokers too to know the details about the cargo and packages being exported so that they get ready to start the importing formalities. Letting the export and import brokers handle the legal activities is preferable for most traders. These mediators are proficient and prompt about decision-making and have a good connection to tackle adverse situations.
Activities that customs brokers do on behalf of the importers:
- Coordinate with the export broker to get prior information about when the packages have been sent and check if the legal activities from the other end have been done properly or not.
- Customs brokers fill in all the e-forms and complete the documentation required to earn accessibility and eligibility to import the packages.
- They monitor and carefully go through the legal requirements for importing and make sure that all the legal and federal parameters are being strictly maintained to avoid any hassle regarding the import.
- Fees, taxes, and duties depend on the types of goods you are importing. Customs brokers analyze the fees, taxes and duties that are to be paid, and guide you on how and when to pay these fees in order to seamlessly import the goods.
- Customs brokers prepare and gather all the documents and papers needed for customs clearance.
- After the goods reach the border, importers don’t need to receive the shipment as customs brokers would handle all the tasks. They would receive the packages, complete the customs formalities, clear the payments and get the packages ready to be transported to their destination. Also, if the importer wants, they would also take the responsibility of transporting the materials to the right place.
These are the common tasks that all custom brokers would do. Nevertheless, there are more benefits of hiring customs brokers.
- Customs brokers can help guide you to reduce fees and duties, by instructing on contracts like free trade agreements and more.
- Customs brokers save a lot of money for importers. Mediators charge reasonable fees for doing the work. Otherwise, you would need logistics and access to many sectors to complete the tasks. Thus, importers save the cost of importing by hiring brokers.
- The broker also saves the time of an importer. The importer can concentrate on other aspects of their business while the legal tasks of importing are handled by the broker.
- A broker has great risk management skills. You can experience less stress when you hire a customs broker. They are experts in handling any difficulties that may arise.
How to choose a customs broker?
In today’s era, fraud cases are everywhere. Thus you may find it hard to trust anyone. But there are legitimate ways of defining a genuine customs broker from a fraudulent one.
- Check if the broker has a license from the Canadian Border Services Agency. Licensed brokers are trained and skilled to handle tasks professionally and responsibly.
- Try to select a broker who is experienced and prompt. They are more likely to monitor the tasks properly and efficiently.
- Find a broker with C-TPAT certification as this would ensure better security of your imported goods against terrorism and malpractice.
Always verify a broker before trusting and selecting a certified professional. Only then you can enjoy the full benefits of hiring a broker. Choose a broker today and make your trade safe, smooth, and prompt.
- Posted by admin
- On April 23, 2021