Custom clearance is taking goods through the customs authority to facilitate the movement of cargo into (import) and outside (export) of a country. Customs clearance is necessary to permit goods to be transported to a country through an authorized customs agent. Within this process, there’s also information regarding shipments of imports and exports and of parties involved.
Indenting is the process of using an agent or representative to place an order on your behalf with specific conditions attached to the transaction. An indent sale starts with the person making an order using the agent or representative to place an order with a supplier. The agent negotiates prices and sets up accounts, orders, and payments.
Documents involved with clearance and indenting may include:
- Shipping document (Bill of Lading)
- Supplier’s commercial invoice
- Packing list
- Certificate of Origin
- Preference Certificates
- Health Certificates (for foodstuffs etc.)
At Lanop, our chartered accountants work with several businesses involved in customs clearing and indenting. Aside from properly planning export and import taxes and risks, Lanop calculates excise duties and value-added taxes. Using our extensive network of famous brokers and customs agents, we simplify cross-border trading for businesses and individuals. By managing cash flow, keeping consistent and accurate records, and ensuring tax compliance, Lanop provides complete peace of mind to her clients.