Tips for Dealing with Customs Transactions

words that describe the importing and exporting business shaped like the earth's continents meant to depict the idea of customs transactionsImporting and exporting can be a tricky business, but a lucrative one if you do it right. It’s important to know the ins and outs of what is allowed, what isn’t, what the rules are, licenses required, and other important details before you begin. In most cases, you can elect to learn it yourself or you can choose to hire a customs brokerage like RM Customhouse Brokers, Inc., to deal with the customs transactions and other like details to ensure your business runs smoothly. Our brokers can deal with the U.S. Customs and Border Protection Agency, as well as offer services that can cut down on your costs, such as warehouse services and international trade detailed services.

What is the U.S. Customs and Border Protection?

The U.S. CBP is one of the biggest law enforcement offices in the United States. It falls under the jurisdiction of Homeland Security. It’s main mission statement is to guard America’s borders from dangerous people and materials. It is also charged with “enhancing the Nation’s global economic competitiveness by enabling legitimate trade and travel.” (www.cbo.gov) While the CBP doesn’t require any specific license or permit to import and export, there are other agencies who do. It all depends on what is being imported or exported. You can find what agency requires what at USA.gov.. In addition, you can require a license from your local or state government in order to set up and do business. What they do require is an IRS business number, or, absent that, your social security number. You can request a CBP assigned number by filling out a CBP form 5106 and presenting it to the the appropriate branch at a CBP port of entry.

Why Hire a Customs Brokerage to Deal With Your Customs Transactions?

When it comes to dealing with customs, it can be complicated and stressful to understand. While the CBP itself may not require licenses and such, there are still many regulations and rules to follow. There is a list of items that can’t be imported or exported. It can be hard to understand everything that is involved. In addition, rules and regulations when it comes to customs transactions and international trade are always changing. Instead of risking your business by missing a form or breaking a new rule, hiring a customs brokerage can help  you avoid problems by dealing with it all for you.

What Can RM Customhouse Brokerage Do For You?

If you are an importer/exporter, or are considering starting an international trade business, our customs brokers can make it easy for you. Instead of memorizing and dealing with the ins and outs of customs transactions, we can do it for you. This way, you can focus on what is important- making your business successful. Your job is to ensure your business is thriving. Running a business is already stressful enough without the added worry of losing a license or getting slapped with fees because of a misstep with customs. It’s time to outsource your customs issues- contact us for more information today!