English
Customs procedures encompass all the administrative and fiscal formalities needed for the exchange of goods between different customs territories.
What Happens at Customs?
When goods cross a border, they go through
various customs procedures. These include completing a detailed declaration, possible physical inspections, assessing the value of the goods, and calculating
the duties and due taxes. Once these steps are followed, the goods are
released.
How Are Customs Costs Calculated?
Customs costs depend on several factors:
- Type of Goods: each product has a customs classification that determines the applicable duty rate.
- Customs Value: this is the value determined by customs, including the goods’ price, transportation costs, and other ancillary charges.
- Origin of Goods: trade agreements between countries may offer duty reductions or exemptions.
- Taxes and Additional Charges: in addition to duties, VAT, local taxes, and other specific charges may apply.
Who Bears the Customs Costs?
Typically, the importer covers customs costs.
However, parties can agree on different arrangements, such as sharing the costs or prepayment by the exporter.
At Stante Logistics, we offer a full-service solution: in-house management of all customs operations.
Thanks to our Approved Location status, we can clear goods directly in our warehouses. In-house management reduces waiting times in the flow of goods, simplifies bureaucratic processes, and ensures maximum efficiency and
direct control.
Additionally, for entities importing from third countries, we offer the benefit of VAT Warehousing.
Goods can be stored in our hubs and, until they are released for consumption, are not subject to VAT. This service allows customers to defer VAT payments.
Conclusion
Customs procedures are a critical aspect of international trade. A thorough understanding of these procedures is crucial for businesses operating in global markets.