5 steps to understanding customs procedures, documentations and its role in export April 15, 2017

Confused about the various customs and exports procedures? Below we have listed 5 points to review that will help you.

Understand the role of Customs

Each country has its own rules and regulations in regards to Import and export. It is recommended to contact the government of the country you intend to import or export from for further information.

Some people have found it helpful to understand the role of customs by attending Customs Training Courses and Custom Clearing and Forwarding Courses.

Import and Export Procedures, prohibitions and restrictions

It is vital you do your research before you embark on your Import/Export journey. Each country has its own procedures, prohibitions and restrictions you must apply and follow.

When asked, many people have said Import Export Course has helped them gain more knowledge and understanding in regards to procedures, prohibitions and restrictions and would recommend it to others.

Documentations

It is vital to stress the importance of having the correct documentations. Correct completion and use of all the required trade documents is essential to successful exporting and importing.

Some documents are specified as required by the commercial contract, and others may be required during transportation or to meet government requirements. All of these documents must be completed correctly and consistently in order to ensure that the goods are not delayed, because of incorrect or inadequate paperwork, and that payments are promptly and properly made. Institutions offering trade finance will often want to see documents that relate to legal as well as contract requirements.

It is helpful and useful to do a Customs Training Course to help you in understanding further.

Taxes and Duties

In most countries, imports need to be declared, i.e. a description, quantity and value of the imported goods have to be provided to local customs authorities so that duties and taxes can be assessed.

Import duty is a tax that the importer has to pay to bring foreign goods into his or her country. Import duty is also known as customs duty, tariff, or import tariff.

To help understand this further and in detail it is recommended to attend Custom Clearing and Forwarding Course.

Training Courses

Contact London Training for Excellence for information on courses to advance your skills and knowledge in the business world. We offer a wide range of training courses in London for organisations and individuals.

Are you looking for an import export course? Find out more about our Customs training course.