Simple steps ….. Learn about import duties

 

Import duties are a paid tax on imports and some exports in a country and may also be known as “customs duties, import tax”, which is geared toward increasing income to the local government, as well as giving a benefit to locally grown or produced goods that are not subject to import duties.

The duties to be paid may vary with the goods imported and the country of origin but account must be taken of the lower cost of domestically produced goods than the imported goods, giving producers the competitive advantage.

From the selection of the goods or service you want to import from abroad on which an import license is obtained, and then an application is made to the exporter to supply your products.

Customs clearance, the last stage at which the goods are subject, may be held by any port in each country in the world to complete the necessary legal procedures, and these laws and regulations vary by country, shipping containers and port. This makes a customs clearance specialist called the “customs intermediary” between the exporter and the importer, which ends all legal transactions and then extracts goods from the port and gives them to the importer.

Custom clearance procedures

Customs clearance is limited to the provision of certain services to goods beyond the state’s borders that the state cannot meet the needs of consumers, and this applies to imports and exports from the state It also imposes a certain price on the goods but, after evaluating them, it also imposes a mandatory amount for customs clearance, but in case they are not paid, there will be late fines.

Customs clearance may be due to the GATT, through which customs regimes within the world are unified without exception and operate in unified systems, which has led to the unification of import and export procedures among most of the world’s countries. The law was also regulated by a World Trade Organization decision “WTO” through a global convention.

The Role of a Customs Brokers:

The person responsible for customs clearance is called “customs Brokers ” a comprehensive survey of shipment of imported and exported goods, ensuring that all entering and exiting is authorized within the country, and is fully aware of everything being exported or imported making it easier to get goods out of the ports 

Here are some of basic rules make the customs clearance process smooth for your shipment :-

• Documents  to be available.
• Monetary insurance
• Authorizations.
• Categories for which clearance is extracted.
• Models.

The presence of customs brokers is one of the most important import and export fundamentals, as it is important to keep up with the latest rule, regulation and taxes, and to bring all necessary documents for the easy of movement of goods to and from the country, so it is difficult to customer to keep up with theses laws and to keep up with their updates on a regular times 

In this vein the customs brokers is responsible for obtaining the necessary document and then submitting them to government agencies for shipment of goods, the preparation of document to prevent delay in arrival of goods, calculating and ensuring the payment of customs duties “import duties” and also tracking the movement of goods arrivals.

The customs broker knowledge of the latest law and regulations has made it positive to help importer and exporter develop strategies on profitable and unprofitable markets. So that the companies trade without worrying about their punishment for breaking laws   

CUSTOMS CLEARANCE DOCUMENTS:

There are also some customs clearance documents that make it easy to complete import and export process and that are divided into :- 

 

• Document for the export of goods are: 

 

• Certificate of origin: It shall be certified by the Embassy.
• Commercial Invoice: It is required to be certified by the Chamber of Commerce.
• Bill of lading.
• Pack statement.
• Certificates for the quality of goods, such as 

1. Health certificates in the case of goods being foodstuffs.
2. Agricultural certificates in case the goods are agricultural materials

 

• Documents for the import of goods (provided by the importer) are:-

 

• Commercial or industrial record.
• Import card.
• Tax Card.
• Customs Card.
• Form (4) incoming funding request: Issued by the transferring bank through which the shipment amounts are to the supplier and the value transferred is written in addition to the type of contract.
• General authorization of the customs intermediary.