If you own a company that deals with international trading, you could certainly use the services of a customs broker. There are many laws, regulations, and stipulations involved with international trade and clearing customs. The process is much smoother and easier when you enlist a customs broker. Here, we will focus on some of the obstacles you might face with international trade and how a customs broker can help.
Different Countries Have Different Rules
The first thing you need to understand about international trade laws is that they differ from one country to another. So, if you’re trading with Canada, the tariffs and customs clearance regulations may be different from those of Mexico or a European country.
It can be tough to learn and stay up to date with all these different laws, all while trying to run your business. Hiring a customs broker will take some of the pressure off your shoulders and ensure that you’re up to date with trading laws in multiple countries.
Tariffs and Taxes
In addition to trading laws, every country also has different tariffs and taxes when you trade with them. A customs broker will ensure you know the cost of each tariff and will also ensure that they’re paid in full so that you avoid costly penalties. Contact us to learn about the latest tariffs and taxes you might face!
The Laws May Have Changed
Additionally, trading laws are subject to change. Therefore, while you may have known the rules and regulations at one time, there’s a chance that they’ve changed and your knowledge is outdated. Customs brokers dedicate themselves to staying up to date on the latest rules and regulations and to knowing when these rules change.
Avoid Potential Fees and Penalties
When you don’t stay up to date on tariffs, taxes, and trading laws, you may face expensive fees and penalties. This is one of the main reasons that importers and exporters prefer to use customs brokers. The cost of paying the broker is much less than the penalty you’ll face for breaking a law, paying the wrong tariff, or failing to do so altogether. Therefore, it’s actually cheaper to pay your broker than to take a chance on your own.
Avoid Delays and Mistakes
Finally, not using a customs broker could lead to costly delays and mistakes. In addition to monetary loss, these delays and mistakes will hurt your good name and set back the companies that you’re dealing with. A damaged reputation is tough to repair in the importing and exporting industry, so you should do everything you can to avoid it.
Simple International Shipping With RM Customhouse
If you trade internationally and need the services of a customs broker, look no further than Rudolph Miles Customhouse Brokers, Inc. We’re based in El Paso, but we offer global international trading services and can serve customers nationwide. Call (915) 564-0582 today.