Customs Clearance Process

Whether it is assessment, examination, duty payment or delivery acceptance. Our team is available to assist you with all your requirements. The customs clearance process can be complex and time-consuming, but it can be broken down into several key steps:

• Documentation: The first step in the customs clearance process is to provide all necessary documentation, such as the commercial invoice, bill of lading, packing list, and any required permits or licenses. This documentation must be accurate and complete to avoid delays and issues.
• Goods Inspection: Once the documentation is received, the customs officials will inspect the goods to ensure that they comply with regulations and standards. This inspection may include physical examination, x-ray scanning, or testing of samples.
• Duty and Tax Assessment: After the goods are inspected, the customs officials will assess the duties and taxes that must be paid for the import or export of the goods. These fees can vary depending on the type of goods, their value, and the country of origin or destination.
• Payment: Once the duties and taxes are assessed, the importer or exporter must pay these fees before the goods can be released. Payment can be made through various channels, such as bank transfers or credit cards.
• Release of Goods: Once all fees are paid, and the goods are deemed compliant with regulations, they will be released for transportation to their final destination.

Import Duty

Import Duty is a tax charged by the government on goods imported inside the country. The amount of import duty varies from product to product, depending on its price and value.

Import Duty is calculated based on two factors:

• Price – The price includes things like shipping charges, insurance costs and any other fees or taxes paid when importing your item inside the country (like customs clearance charges). If you’re not sure how much this will cost overall, contact us! We can help determine what will be included in your final invoice total so that you know exactly how much money needs to come out of pocket when paying for everything together before delivery arrives at your doorstep.
• Value – This value refers to how much something costs per unit measured against another currency like USD or GBP etc., which determines how much customs duty will be charged if applicable

Excise Duty

Excise duty is levied on goods manufactured inside the country and also on imported goods.  The excise duty is a major source of revenue for the government and it can be collected at multiple points during the production process:

• From manufacturers who produce excisable goods on which the excise duty has already been paid
• From those who import these products 
• From wholesalers who buy these products from manufacturers or importers and sell them to retailers

Value Added Tax (VAT)

VAT is a tax on the supply of goods and services. The VAT rate varies from country to country, but it’s usually between 5% and 20%. VAT is charged on certain goods and services, including:

• Services such as banking, insurance, medical treatment or legal advice; these are called “output” taxes because they’re paid by someone who buys them (the “input” tax).
• Food, drink (also known as “foodstuffs”). These are standard-rated items unless they’re zero-rated or exempt due to their nature – for example fruit juices made at home aren’t subject to VAT since they don’t have any commercial value.

Goods and Services Tax (GST)

GST is a single indirect tax on the supply of goods and services. It is levied at each stage of production, manufacture or distribution in the chain of value addition. GST is a destination based tax as it allows credits to be claimed only within the country. GST also allows input tax credit (ITC) for taxes paid on inputs used in producing output services/goods.