Customs Compliance Reviews (CCR)

The Risks of Overpaying Customs Duty

On the one hand, if you are overpaying Customs duty you may find yourself uncompetitive in the marketplace. Often the correct rate of import duty on your products will be a major determining factor in whether or not your opposition has an advantage over you.

The Dangers of Underpaying Customs Duty

On the other hand, if you are underpaying duty to Customs you are vulnerable to post clearance audits by Customs. This results in Customs demanding the underpaid duty on historic shipments going as far back as two years. In addition they will also impose punitive fines on any underpayments. This can sometimes have a crippling effect on a business.

Benefits of Our Customs Compliance Audit

The comprehensive audit on your historic shipments will achieve the following outcomes:

Assess whether your company is compliant with the current Customs requirements.
Verify the accuracy of your declarations to Customs
Identify any opportunities to reduce the Customs duty payable on future shipments
Ensure you are taking advantage of any Trade Agreements and manufacturing rebate or general rebate provisions

Obtain refunds of overpaid Customs duties on historic shipments for a two-year retrospective period
Identify areas where you are exposed to risk, in the form of, for example, incorrect procedures followed, incorrect tariff classification of your products, incorrect value declarations, and other areas where you are not compliant with the Customs Act and Regulations, all of which can put you at risk of being penalised by Customs

Let Us Handle Your Customs Challenges

Whether you prefer to send an email or to chat over a coffee we’re here to help with all your Customs needs.