Customs broking or customs brokerage is a profession that involves the “clearing” of goods through customs barriers for importers and exporters (usually businesses). This involves the preparation of documents and/or electronic submissions, the calculation and payment of taxes, duties and excises, and facilitating communication between government authorities and importers and exporters.
Custom brokers may be employed by or affiliated with freight forwarders, independent businesses, or shipping lines, importers, exporters, trade authorities, and customs brokerage firms.
Customs brokers help importers and exporters understand and meet the rules and regulations put in place by the federal government with regard to the trade industry. They educate clients about customs regulations, international tariffs, shipping restrictions, and insurance requirements.
Other duties often include guiding goods through customs, preparing and submitting documents, determining tariff and duty payments, tracking shipments, and using the tariff coding system to classify shipments. Customs brokers might work as independent contractors and at airports, as well as within transportation, freight, and other companies that transport products internationally.
Originally posted on November 2, 2015 @ 10:21 am