People love to work in businesses where they can import items. However, you also need to make sure that the items pass customs. This means that you need to hire a licensed broker who can help you with Australian customs regulations. By taking this step, you can learn more about customs duty, taxes, and the quarantine regulations for importing items overseas. You can also get a better grasp of what to use with respect to customs documentation. With this type of support, you can import items without worry.
Talk to a Broker First
In fact, it is important to know what to expect with respect to customs clearance before you even think about importing anything. That is why you should consult with a broker first before you start any important activity. By knowing what steps to take, you can stay on top of your import business and not run into any problems along the way.
Declaring the Merchandise
When you hire a licensed and trained broker, he or she can use his or her experience and skills to explain custom fees and minimise any risk of an error. You will also need, by law, the support of a customs broker to declare cargo. When you have this type of backup support, you can simplify the process.
Whilst you can make a declaration yourself, it generally is better to depend on the expertise of a broker representative. He or she can assist you in filling out all the required paperwork so you can concentrate on importing items with finesse.
Indeed, customs may involve some heavy-duty complications that involve problems with the clearance process. However, when you hire a broker representative, these delays can be resolved fairly easily. By using this type of service, you can streamline the clearance process and remove any risks that are related to unneeded storage, penalties, or detentions.
Types of Support
When you hire a full-service broker, expect assistance in the form of the following:
- Full Import Declaration (FIDS) by electronic means
- Tariff forms
- Valuation advice applications
- TCO (Tariff concession orders) applications
- Industry schemes such as Tradex
- Duty refunds or drawbacks
- FTAs (Free trade agreements)
- Self-assessment clearances (SACs)
- Landed costing
- Commerce acts and regulations
Are You an Entrepreneur?
When you review the above list, you can easily see why you need to help of an import broker when you get involved in this type of trade. If you are an entrepreneur, use it as your opportunity to learn more about the import business first-hand as it is a business that is as exciting as it is detailed.
Attend a Workshop
Maybe you are a first-time importer. If so, you should schedule an importer’s workshop at your earliest convenience. You can go through a broker company to learn the ropes of importing at a workshop in your local area. The more you know about importing and customs, the easier and more enjoyable it will be to take part in overseas trading.