Duties and Taxes When Shipping Internationally
The majority of shipments that cross international borders are subject to duties and taxes set in place by the government of the importing country. Duties and taxes along with port handling fees and any custom charges can cause a significant increase in your total shipping charges. However, when you are working with PNG Worldwide, there will be no surprises – only reassurance. PNG Worldwide has international shipping experts that can guide you through international freight shipping so that you save money and time.
Since the price of duties and taxes may affect what your customer is willing to pay for your product, it is important to understand the process and have an accurate idea of shipping costs from the very beginning. There are different rules and regulations regarding freight shipping depending on the country, and PNG Worldwide prides itself in staying up to date with all of this information and then passing the benefits onto you for each of your international shipments.
The duties and taxes are calculated based on various characteristics of your shipment. Pricing factors may include trade agreements, the country that manufactured the product, the value of the product, what the product will be used for, and the product’s Harmonized System code. The duties and taxes are required to be paid before the shipment can leave customs.
There are customs officials that determine what the duties and taxes are based on information that is provided on shipping documentation. Therefore, it is crucial that the paperwork is completed accurately to avoid delays or extra fees. If you are unsure that you are filling out the paperwork correctly, whether it is an air waybill, a commercial invoice, or other shipping document, please check with a PNG Worldwide representative.
International shipping regulations are to be taken seriously and are not worth the risk of guessing. 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.
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