During the shipping in of various consignments into the country, companies may hire the services of customs brokers to ensure imports and exports are cleared from customs upon arrival at the ports. Custom brokers help importers and exporters to get their merchandise through customs promptly. Customs brokers help in getting information in customs department into meaningful data. The business organization engages custom brokers to gain business intelligence in the country of operation.
Functions of Custom Brokers
Customs brokers help individual members get acquitted with tariff regulations on the customs regarding importing and exporting merchandise. Commercial imports are among chief consignments in the port, and individual business people may work in accordance with regulated custom laws to operate a business. Canadian customs are distinct in nature. Canadian location makes it unique in dealing with other nations and holding different perspective in world business. Canadian population comprise of people from various parts of Europe and thus making their culture different from other European nations and countries. Canadian customs offer exemptions for the people to bring in duty-free goods to people operating business as long as goods shipped in are for non- commercial purposes. However, many importers may not adequately access such offers since imports are mainly commercial in nature. Custom brokers help in a shipment of commercial merchandise through informing Canadian business operators of existing customs and clearing customs on time.
Shipment refers to large quantities of products sent to a location as one-time batch. Shipments may refer to imports or exports. Different shipments vary with the specifications of commercial services involved in addition to customs regulations. Custom brokers work in accordance to shipments regulations by customs authorities to clear consignments from the ports and deliver to customers in a timely manner. Canadian customs regulations keep on shifting with time and hence custom brokers need to be acquitted with the latest information pertaining tariffs and consignments. Custom brokers ought to be aware of Canada Border Services Agency (CBSA) and Canada Revenue Agency (CRA) for knowledge of custom regulations on different occasions. There are taxes and duties levied on shipments depending on uses.
Commercial imports are shipments meant solely for business purposes. Customs brokers are helpful in dealing with commercial imports since they provide intelligence business information on the available markets in the country, tariff rates, and cheap imports location. Commercial imports require timely clearance from the customs authorities so as to deal with business competition. Canadian imports are subjected to federal taxes and regional taxes. Shipping consignments into Canada requires clearance from both customs authorities and regional areas where business premises are located. Commercial imports form the bulk of imports in any given country.