Importers rely on customs brokerage service to pull the necessary data from import and export documents and turn it into critical business intelligence. As import and export regulations continue to change around the world, customs brokers have evolved to offer specialized services beyond simply clearing goods through customs. A growing range of customs brokerage services can help importers develop new product lines, explore new markets, or evaluate the impact of global change. For more information about these services, read on.
The customs brokerage process is a complex series of activities that help companies ship and deliver goods around the world. Their goal is to ensure the smooth and uninterrupted flow of cargo across borders. They do this by assisting with the timely preparation of all necessary customs formalities, documentation, and transit procedures. A customs brokerage firm in the Philippines must employ only licensed brokers, so that their clients are not in violation of any laws and regulations. They also educate clients on all aspects of shipping regulations and help them navigate the process.
Customs brokers are certified individuals, companies, or associations specialized in customs compliance. They are regulated by the US Customs and Border Protection and ensure that the entire process is completed on time. In addition to their expertise, customs brokerage services keep current with the latest developments in the industry, so you can rest assured that you are working with an experienced company. Customs brokerage services can also help companies manage their shipping costs by reducing errors.
While customs brokerage services can help a company comply with regulatory requirements, they are not cheap. The fees charged by a customs brokerage company may vary depending on how much customs fees are based on the value of your shipment. While some charge a flat rate, others will charge a percentage of the value of the goods that they handle. The fees vary depending on the customs broker, so make sure to research their rates and fees before you decide which company to work with.
A licensed customs broker can also help you to avoid costly mistakes and expedite the process of clearing your shipments. Licensed customs brokers represent importers before the customs agency. While customs brokers represent your interests when dealing with the CBP, you remain responsible for ensuring all documents and information are accurate and complete. Besides, brokers must also be familiar with the tax laws and regulations in each country. If you are unfamiliar with customs laws, it is best to seek the assistance of a licensed customs broker.
Vervo Ltd. offers customs brokerage services and helps you save time and money by handling all customs documents. They can also expedite your cargo transport, allowing you to spend more time on other aspects of your business. By hiring a customs broker, you can also benefit from their warehouses and storage services. Your goods will be stored in these warehouses for free of any import duties, while you focus on growing your business.