Reasons Why Importers Need to Hire a Licensed Broker

Reasons Why Importers Need to Hire a Licensed Broker

Import brokerage can be very discouraging for any importer, especially for those new in business. With an all-time high national security, so many rules, regulations, and responsibilities exist, which could make anyone attempting to go through the process with little knowledge can be left with a great headache and a mess of penalties. It is necessary for importers to know that these do not necessarily have to be figured out by themselves. Licensed customs brokers can help them with the whole process of importation, which can benefit them in many ways.  Below are few reasons you should consider hiring a licensed broker as an importer.

Compliance

Attempting to solve through the customs regulations and the harmonized tariff schedule of the United States (HTSUS) and other publications is a very difficult task of itself. But then, attempting to go through that and stay complaint with these regulations while filling entries is a process that requires a professional. Licensed brokers can correctly classify each item on your commercial invoice and continue with any other notifications or fillings needed by other government agencies (OGA’s) for the entries.

Also, a licensed broker would have more knowledge and insight about any requirements or regulations that OGA is recently imposing. A licensed broker would readily have all information that is up to date, whereas an importer who is self-filing may not have.

Decreasing the Chances of Penalties

Another important reason there is that the chances of mistakes made on entries may rise if they are not knowledgeable enough in the trade. And when mistakes are made, serious penalties from customs tend to follow. These penalties can be great and can seriously affect an importer’s bottom line. Hiring a licensed broker can reduce the chances of penalties, since a licensed broker would have more knowledge and experience in complying with customs regulations.

Relaxes the Importer’s Mind

Another reason why importers need to hire a licensed broker is the ease of mind it presents. One of the jobs of a licensed broker is to guild importers through the process of importing as a whole. They help in acting as a liaison between the importer and also the government, they also help in classifying the goods, and also advising the importer of existing rules and regulations associated with each product in order for such importer to have a better understanding of international trade.

In general, it is in the best interest of the importer to hire a licensed broker as the benefits greatly overweigh the risk associated with self-filing, especially when such risks are too high. Visit Clearitusa.com to get the best-licensed broker services. As the saying goes “it is better to be safe than sorry” and this could not be truer when deciding whether to hire a licensed broker or not.

Category Business, Featured

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