Customs compliance refers to the process of adhering to the laws and regulations set by government authorities when importing or exporting goods. This includes accurately declaring the value, classification, and origin of products to ensure that all duties and taxes are paid. Companies must also keep proper documentation to avoid penalties and delays in the shipping process.
To achieve customs compliance, businesses often work with customs brokers who help navigate the complex rules and ensure that shipments meet all legal requirements. By following these guidelines, companies can facilitate smoother trade operations and maintain a good relationship with customs officials.