Customs strategy package for new businesses

When arranging a first import, a new business should know in advance what information to request from the supplier, what customs payments to expect, what documents and permits are required and what requirements must be met before dispatch.

If these matters are addressed only after arrival, additional costs, document corrections and customs clearance delays may result.

The REGULUS GROUP customs strategy package is designed for new businesses that want their first import to follow a clear, pre-calculated plan.

The Customs strategy package for new businesses includes:

•    Review of the goods and proposed transaction. We assess the description, composition, intended use, technical specifications, country of origin and value of the goods, as well as the transaction terms.

•    Preliminary calculation of customs payments. We determine the EAEU CN code and calculate expected customs duty, VAT, excise tax, anti-dumping and other applicable payments and state fees. We assess anti-dumping duty with regard to the country of origin and, where relevant, the manufacturer or exporter.

•    Identification of required documents. We specify the information and documents that should be obtained from the supplier before dispatch.

•    Review of permits and special requirements. We determine whether a licence, permit, conformity assessment document, state registration, mandatory marking or another condition applies.

•    Identification of potential risks. We identify document inaccuracies, unclear product descriptions and other omissions that may affect payments or clearance timeframes.

•    A clear action plan. We set out the steps required before ordering and dispatch, and during customs clearance.

As a result, the business understands the expected customs costs, required documents, mandatory conditions and sequence of actions in advance. This supports a better-informed decision and reduces the risk of foreseeable errors during the first import.