Customs Clearance
Customs declaration: The importer or exporter (or a customs agent appointed by them) files a customs declaration. This contains detailed information about the goods, including description, quantity, value, origin and tariff number.
Document verification: The customs authority verifies the documents submitted, such as invoices, consignment notes, certificates of origin and any permits or licenses. These documents must be correct and complete to avoid delays.
Goods inspection: In some cases, customs authorities may order physical inspection of the goods to ensure that the information in the documents matches the actual cargo.
Calculation and payment of duties and taxes: Based on the value of the goods, the type of goods and the country of origin, customs duties, import VAT and possibly other duties are calculated. These must be paid before the goods are released.
Release of goods: After the inspection is complete and the applicable duties are paid, customs will release the goods so that they can enter free circulation. When exported, the goods are released for shipment.
Customs procedures: There are different customs procedures depending on the type and purpose of the import or export. Examples include release for free circulation, temporary use, customs warehousing or inward processing.
Ensuring compliance: Companies must ensure that they comply with all relevant customs regulations to avoid penalties or delays. This includes correctly declaring goods and complying with trade restrictions.
Customs clearance is therefore a key process in international trade that ensures that all relevant regulations are complied with and the necessary duties are paid before goods can be imported into or exported from a country