A Customs Broker is a professional skilled in facilitating the smooth movement of goods through Customs for importers and exporters, on top of other related services. These experts ensure compliance with various regulatory mandates, and they are usually licensed and regulated by the local government or Customs authorities of a specific country, such as the U.S. Customs and Border Protection (CBP).
They have extensive knowledge in managing documentation, understanding import/export requirements, obtaining necessary clearances, and filing required paperwork and payments. Moreover, they can guide the business entities in classifying the goods with proper Harmonized System (HS) codes, determining customs values, calculating duties, and ensuring timely compliance to avoid penalties or confiscation.
Their expertise proves instrumental in navigating complex customs procedures. The fees for hiring a customs broker might vary based on factors such as the nature of goods, the volume of documentation, and geographic locations.