Import and export are some of the leading businesses in the world. Not only are these businesses eminent, but they are extremely important for the governments as well. Due to this reason, there are several requirements and reasonable restrictions for importing and exporting goods from one place to the other, and unless these requirements are fulfilled by the exporters and importers, goods cannot cross the borders of any country. So here in this article, we shall take a look at the requirements for importing into the United States.
- Preparation of documents
Before importing into the US, one needs to have all the documents ready. The important ones are:
- Customs/commercial invoice
- Bill of lading
- OGD documents
- Commodity specific requirements
So, before you try and import your goods into the United States, you need to ensure the availability of the documents mentioned above.
- Meeting the commodity specific and OGD requirements
The commodity specific and OGD requirements depend on the government departments such as health standards and so on. So many items cannot be imported without certain permits and licenses. Further, anything imported into the US should be marked properly with the country of origin. So one has to be very particular about these things.
- Import duties
These are the rates paid to the CBP. These rates depend on the type of commodities imported into the United States. The customs broker is authorized to pay the import duties on your behalf and invoice you. Having a customs broker is significant in the process as it may involve several complexities and other taxes, which can be sorted easily when a broker is a mediator.
- Determining the HTS
The number used to classify a product or commodity is referred to as the harmonized tariff schedule or number. Products that enter the US are classified in accordance with the harmonized tariff schedule, where the goods are placed in the product category for classification. Classification of products can be a tricky business as it requires thorough product research and you are responsible for the correct classification of the products. Thus, one must always remember this specific requirement to import goods into the US as incorrect classification can lead to heavy penalties.
Since the US is known for its import and export potential, one must always be prepared with all the requirements of the government departments to avoid penalties and with Clearit customs consulting, this is sure to get easier.