You’ve certainly heard of customs compliance, but do you fully understand what’s involved?
Maybe you’re worried it’ll take too much time away from your business… Or that it’s too large of a financial burden.
What it is
Customs compliance involves being aware of – and abiding by – the laws and policies regulating cross-border trade. This means knowing what’s required by Canada Customs (CBSA) and/or U.S. Customs (CBP).
Compliance is a process that must be continually monitored due to ongoing changes in the regulatory and business environments.
As an importer or exporter of goods across the Canada-U.S. border, you must stay current with customs requirements because they can – and do – change regularly. When this happens, you’ll need to understand how any changes will affect you and, if necessary, make changes to your company’s practices to remain compliant.
Customs compliance requires a commitment from all your staff – from top executives to shipping and receiving personnel – to ensure all of your company’s activities are in line with all the requirements.
Our most important message to you is: know the impact of customs compliance on your business. It can make the difference between having a reliable supply chain and a profitable business or having an unreliable one that’s marred by delays and penalties.
A company-wide commitment to customs compliance will pay off with:
fewer complications with customs agencies
a lower risk of penalties on imported and exported products
fewer delays on the import or export of your goods
greater certainty of the final landed cost of your goods
a more positive profile with Canada and/or U.S. Customs
We can help
Our consultants have extensive knowledge around the customs regulations that apply to specific industries and are experienced at understanding what works and what doesn’t in a variety of situations.