Running any business is not easy in this day and age. A volatile national and international climate often means that business leaders are worried about growing too much. Of course, free trade agreements mean that we can also take advantage of importing goods into the country that are inexpensive. This can mean the difference between a business stagnating and one that grows exponentially and reaches into new products and new markets.
How to Deal with Imports
If you want your business to grow, importing some inexpensive goods from overseas might just be a key factor. The problem here is that importing goods into Australia is not exactly straightforward. There are numerous issues involved, including:
- Paying import duties and taxes
- Filling out and submitting the relevant documentation
- Dealing with quarantine issues where necessary
One of the biggest issues is that many companies simply rush into importing goods from overseas without completely understanding all of the rules and regulations involved. Goods importation is subject to strict laws and not following them to the letter can cost any company a lot of money in fines. This can be devastating to any small business that cannot afford to pay.
The rules around goods importation tend to change with each change of government or new policy. If you’re not completely aware of the changes, you could end up on the wrong side of the law and in trouble because of your oversight. The good news is that if you hire a professional and experienced customs brokerage in Australia you can sidestep these issues and remain compliant with the goods import laws.
How Can a Customs Broker Help You?
If you want to expand your business and start selling goods that are made overseas, it’s time to seriously consider importing these goods. But, it’s important to follow all of the complex rules and regulations that surround goods importation into this country, and the best way to do this is to work with a good customer broker.
So, how can a customs broker help you out? Consider the following:
- Oversight: Your relationship with the customs broker will start before the first shipment has hit the docks. This is where they will oversee any rules and regulations around the products you want to import.
- Taxes: There are always duties and taxes to pay on goods imported into this country and the last thing you want to do is be unaware of these. If you aren’t aware of them, it could end up costing your business a lot more than you had initially planned. Different goods attract different duties and taxes and this is where a customs broker comes in handy.
- Declarations: You need to declare correctly to the customs authorities, and this means filling out all of the documentation correctly. If you fail to do this, your goods could be delayed or even destroyed by customs.
Your business stands to gain significantly from the importation of overseas goods, but you need to abide by all of the rules that govern this area. This is where hiring a customs broker is essential.