Customs Compliance Audits – Avoid Extra Costs
If you are shipping internationally, you are probably familiar with the U.S. Customs Compliance Audits. Customs Compliance Audits should be taken seriously since errors found in these audits can cause significant fees and time loss. During these audits, Customs not only verifies that the information that you provided is correct, but they also check to see if you have effective systems in place to continue documenting correctly in the future. If you are not in compliance, you will need to go through many steps to achieve compliance that are time consuming and expensive.
What are the expectations during a Customs Compliance Audit?
The expectations and purpose of a Customs Compliance Audit is to ensure that the freight has accurate documentation regarding value, duty rate, classification, and other aspects. An audit of this nature also checks to see if you have adequate systems in place so that you continue to be in compliance. The party that is responsible for providing this type of documentation for U.S. Customs Compliance Audits is the importer.
If all goes well…
If the audit finds that you (the importer) have fulfilled your legal responsibilities by giving accurate information about the freight, and that you have systems in place to ensure continuing compliance, then your freight will continue on its way in a timely manner without extra fees.
If you are not in compliance…
If the audit finds that you (the importer) have not provided accurate documentation, or that you do not have adequate systems in place to ensure future compliance, then your freight will be delayed and likely accrue fees. Also, you will be required to create a Compliance Improvement Plan. Then you will receive follow up audits to inspect your revamped compliance systems and reevaluate compliance. Once you get past all of that, you are likely to have higher than average audit rates in the future.
Customs Compliance Audits are not to be taken lightly so when in doubt, give us a call at (877) 764-9441. Our experts are familiar with the process and up to date on proper regulations. We can provide insight that will lead to better compliance. Please visit us at www.PNGWorldwide.com for more information.
Have domestic shipments? We can help with those as well! Head to PNG Logistics for more information.