Know the Basic Importing Regulations for your Import-Export Business in Canada

If you are a start-up business and interested in importing goods from abroad, the processes initially may be overwhelming for you. Importing is strictly a regulated process everywhere in the world. Often different countries have different import-export regulations and you need to comply with them in order to import-export goods internationally. Contact Clearit customs consulting for all essential assistance for your import and export business. Find out below the necessary step by step guide to initiate the legal processes of your import and export business.

Import/Export Registration:

The basic thing before starting an import-export business is to obtain a valid import/export account through proper registration. You need to necessarily get your federal, provincial, territorial or municipal license and permits to manage or start with your business. Remember that permits and license procedures of all the provinces, municipalities or territories may not be incorporated in your search in the web. You will have to manually get the information by physically visiting your own municipality administration. Secondly, your business may also require other obligations or regulation which may go beyond the license and permit.

Border Navigation:

The most crucial and often worse than anything is the border formalities. There is a high probability of caught up by the border customs if you have not appropriately completed the paper works. Your goods may be turned away or confiscated, and in worse cases, you may even get into severe legal complications if you are not well-versed with the rules and regulations for getting out of your goods from the border customs. You must be aware of the following facts before you bring your goods to the border.

• You must be sure that the goods you are importing are permitted in Canada and are not prohibited. You need to be also sure that the goods are not subject to any restrictions or need special permits or approval. You should be further well-versed with the tariff classification of your goods and how the taxes or duties are counted.
• Your goods must be properly (Canadian) labelled and marked by the supplier. The shipping company which is providing you with the transportation services must adequately know the customs formalities. Your entire paperwork and shipment will be examined. You must be prepared to pay the required taxes and duties.

Warehouse facility:

There are warehousing or storing facilities for moving your goods while clearing the customs across the border. Your goods are safely kept by the Canada Border Service Agency till all the formalities are completed. You will have different options to store your goods as per your convenience.