Dealing with the complications of freight logistics and handling importing and exporting responsibilities cannot be a task for the uninitiated.
Even experienced practitioners who know the business can find that there are new challenges and obstacles that make their work that little bit harder for each shipment.
This is where constituents will decide to reach out to a customs brokerage to resolve their problems and implement a sustainable solution for the long-term.
It is important to state from the outset that not every customs brokerage is the same. Depending on their position and the area of the market they cater to, it is beneficial for constituents to survey what format they fit before progressing with the project in question. This will apply to corporate customs brokers, sole trader custom brokers and nominee brokers. The choice will come down to the type of enterprise that is in play and what kind of operational assistance they require.
In these situations, the devil can be in the details. This is where a customs brokerage offers essential help to organisations that want to reduce needless fees and costs while utilising exporting avenues that might have been overlooked by internal parties. If there is a desire for the organisation to be more efficient around their finances and to use their revenue wisely around customs stock, importing and exporting demands, they are the right operators to be dealing with.
Assessing Tariffs & Tax
The classification of goods and the provisions of free trade agreements are not always easy to comprehend through in-house team members. By opting for one mode of delivery and using particular partners and networks, there could be wider tax implications that impact the bottom line. The decision to introduce a customs brokerage gives the brand a chance to use operators who calculate these logistics and pinpoint what tariff and tax stipulations are involved, removing those unwanted surprises at the end of the financial year.
The Harmonised System Code might appear like a small detail from the outset, but it makes the difference between a sound and efficient operation and one that falters under pressure. The Harmonised System, or HS for short, enables parties to identify products and classify exports according to a numerical value. By using specialists in this sector, they will be able to apply their knowledge to ensure that these numbers are 100% accurate across the board, empowering members to track and report with higher levels of confidence.
The shipment of goods from point A to point B is far from a simple exercise. Once a customs brokerage has entered the equation, they need to examine what regulations are in play for the enterprise and how they can legally manoeuvre stock and ensure that they are adhering to current laws on importing and exporting legislation. Dealing with bodies like the Quarantine, Customs, the Department of Infrastructure and the Department of Environment takes time and understanding, yet these contractors recognise the demands placed on the enterprise and what protocols apply to these unique circumstances.
It is easy for a customs brokerage to report on missed opportunities and areas for improvement, but it is another facet of their business to deliver solutions to these problems. If there are issues around courier partners and freight networks, it is often a customs brokerage who have the affiliates and contacts in place to connect the dots. This is a major selling point for an outsourced party who might be underappreciated when it comes to overall business progress in the market.