If you are importing products to sell in Australia or if you are exporting products to another country, you have to deal with a lot of rules at the border. In many cases, there can be dozens or even hundreds of rules. Luckily, a customs broker can help.
In addition to making your life easier, a customs broker can help you save money in a number of ways. Here’s a look at the top three money saving benefits of using a customs broker:
1. Saving Time on Paperwork
When you import or export items, there can be a lot of paperwork. Filling that out can be time consuming, and it can distract you from other aspects of running your business. By doing the paperwork for you, a customs broker helps you save time, which in the business world, equates to money.
2. Reducing Errors on Customs Paperwork
Custom brokers work with customs forms on a daily basis. As a result, they know how to fill out the forms with a minimum of mistakes or issues. In contrast, if you filled out the forms on your own and accidentally made a mistake, the items may be held up at the border. In some cases, the items may even be denied entry to the other country and be sent back to you.
Ultimately, that can slow order processing down significantly. It can also make clients unhappy, potentially increasing negative reviews online and leading to a dip in business. Finally, it may result in product returns. All of that can cost your business, but turning to a customs broker can help with some of those costs.
3. Handling Duty Payments
In many cases, when you are sending goods to another country, you may have to pay an import duty to that country. Additionally, if you are importing goods into Australia, you may have to pay duties on the products you bring in. In most, cases, the amount of the duty is a percentage based on the total value of the shipment.
A customs broker helps create a reasonable appraisal of your items. If necessary, they can negotiate with the customs officials to keep the appraisal relatively low so that the duties are also relatively low. These negotiations are another way that a customs broker helps to save your business money.
If you are a product seller who wants to import or export items to or from Australia, you may want to contact a customs broker. They can help you reduce hassles and save money along the way.