Customs Import Duties
SKS works with clients to minimise the value for duty of imported goods by examination, analysis and structuring of various elements of the import transaction.
Customs duty is a tax on imports and a significant cost to businesses involved in international trade. Paying more than is due directly affects profitability. The exposure of a business to customs duty can be reduced by employing legitimate planning techniques that can eliminate, reduce or defer duty. Such a constructive approach to customs planning can result in a competitive advantage.
Depending on the business and its structure, by astute and considered planning, reductions can be made in import costs. The amount of duty due is based on four criteria, classification of goods, origin of goods, type of transaction and what happens to the goods once imported. Savings can be made in each of these four areas.
SKS helps businesses reduce their duty liability, ensuring any duty planning meets Customs’ requirements, is compliant with Customs regulations, and the savings made are substantial and sustainable.
To discuss how we can help you please contact us
