Every commercial cargo needs custom clearance, irrespective of whether it is import or export. No matter what business you are involved in, you must get the right custom import goods. Moreover, the customs clearance to which country you are exporting the goods should be thoroughly mentioned to avoid any inconveniences.
It is essential to note that the customs clearance process can prove to be a little complicated. People new to the business, which eventually face problems in the long run. If you want your import and export business to run successfully, you need to ensure that you have prepared a list of documents and submitted them successfully via the medium mentioned. Submitting the necessary documents will eventually make it easier for the authorities to calculate the levied taxes and duties.
The type of document you need will also necessarily depend on the type of cargo you are exporting. This further varies depending on the country where the product is being shipped and to the country of origin. Therefore, as an import and export business, you need to ensure that you comply with all the required documents.
Some of the necessary documents that you will need for your customs clearance include the following.
Pro Forma Invoice
This document is necessary for an exporter if you want to sell a predetermined quantity of goods. These documents are, however, created by experts depending on the conditions agreed upon by exporters and importers through any recognized medium of communication. It can as well be said that the Pro Forma Invoice is very much similar to purchase order.
For every export trade, customs invoice has an important role to play. The customs invoice will contain all the necessary information about the products so that it can be easily imported. The representative will, however, be the responsibility for verifying the information and decide whether the product should be forwarded or not.
Letter of credit
For every exporter, the letter of credit is an important concern. The letter of credit is given out by the importer’s bank, thereby allowing the exporter to receive payment with the total of the overall transaction. The product will only be dispatched, and the payment will only be made if the importer has provided a letter of credit to the exporter.
Apart from this, ITN is one of the most important things to consider. It is essential to get in touch with customs which can help you with clearance. The Clearit itn number request will eventually help you receive it early.