For established businesses, the idea of importing and exporting is appealing due to the potential for increased sales. Global interconnectivity has made business easier than ever, but some complications still prevail. The main obstacle of the import/export process is the customs clearance. The ever-changing rules, heavy paperwork, and confusing legal language call for expertise.
Some businesses prefer handling transnational shipments on their own. Some may decide to invest in customs brokers to make sure everything is done right. One of the duties of customs brokers includes obtaining the Internal Transaction Number (ITN), which is essential for shipments to and from Canada. Talk to an expert to get your Clearit ITN number today.
Advantages of hiring a customs broker
- You save money.
Perhaps the biggest advantage of hiring a customs broker is the money you save. Customs experts are aware of the taxes and duties one needs to pay and can ensure that they are paid on time. Therefore, you won’t have to pay extra money there. Customs brokers can also tell you about tax exemptions and reductions.
- You will have a guide.
The customs clearance process is not taking a walk in the park. Even the most experienced business owners can find themselves confused here. Customs brokers can walk you through every step of the process and prevent you from making a grave mistake. If you have any questions regarding the process, you will always have someone to count on.
- You get convenience.
When you choose to pay someone to do a task instead of doing it yourself, you get convenience. You can then devote your energy and time to other things. You can certainly handle the customs process yourself, but it will take much more time. There are a lot of regulations to follow, and one error can set you back.
- Compliance assurance.
One of the biggest advantages of working with professionals is that they are well-versed in the laws and regulations. And not only that, but they keep up with the frequent changes as well. They ensure that businesses remain compliant, thus avoiding costly fines and penalties.
- Clearing shipments quickly.
Your shipments are more likely to clear quickly if you work with a customs broker. The customs clearance process is tricky. People who have strong relationships and a good reputation with the CBP can make things work quicker. For instance, people who have been in the business for a long time can get your shipments in without an inspection, whereas new customs brokers experience delays due to inspections.