If your company currently imports goods or plans to in the future, it is important that you follow compliance regulations. While this may seem like a challenging task, it is one that can be handled effectively with proactivity. Compliance is not an area to take half-measures with or procrastinate about. Non-compliance can lead to negative consequences that you definitely want to avoid.
Steps to Take
In order to be compliant with your imports, be proactive by taking three steps:
- First, make sure you understand current regulations and laws. By learning all there is to know about import laws and entry regulations before you ship anything, you can avoid unnecessary hassles and legal issues.
- Second, educate your staff. Your team of employees should know the ins and outs of import compliance, too.
- Third, utilize technology. There are tech tools on the market today to give you administrative support, so take advantage of them to stay compliant.
Technological Solutions
Technology can help streamline compliance oversight, leaving you more time to grow your company. Technological features to consider include:
- User-friendly: Make sure you select a program that is easy to use on its own and with existing in-house programs.
- Real-time updates: One of the advantages of technology is that you can get real-time updates, rather than relying on reports that are generated from past data.
- Fully automated and accurate: Because counts are done electronically, there is a lower chance for human error.
- On-demand models: Having a system with easy on-demand deployment is a plus to consider.
Setting Up New Import Systems
If your import business is just getting off the ground, you will have additional compliance matters to contend with. For example, you may need to:
- Consult a licensed customs broker.
- File entries.
- Pay applicable taxes, duties, and fees.
Importing goods can be a valuable and profitable part of your business model. To meet all governmental regulations, rules, and protocols, it is a smart idea to take proactive steps, use technology, or hire a third-party logistics provider to help you streamline the management of compliance.
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