Struggling with Import Regulations?
As an importer, compliance is essential for keeping your goods moving on-time, every time. If poor compliance practices are not addressed and corrected, the costs can add up quickly and can have a serious impact on your business.
As an importer of record, compliance means being accountable with complete and accurate records for all importing processes throughout your procurement-to-payment cycle.
Compliance errors can result in:
- Escalating penalties
- Repetitive customs audits
- Repayment of past duties and taxes
- Border delays and storage fees
- Increased inspections
- Loss of importing privileges
If you’re looking for some clarification, we’ve compiled these 10 steps to help you build a great compliance program for your imports. Complete the form to download “How to build a great compliance program”.