Our TMS Team has reduced clients' costs by detecting misclassification under incorrect Harmonized Tariff provisions carrying higher duty rates, as well as the payment of additional but unnecessary taxes, fees and charges at the time of entry.
Question: What is the potential cost savings associated with GLOBAL TRADE COMPLIANCE?
Answer: The reduction of duties, taxes and fees and avoidance of penalties can reduce your costs by thousands, and perhaps by millions, of dollars each year.
Our TMS Team has reduced clients' costs by detecting misclassification under incorrect Harmonized Tariff provisions carrying higher duty rates, as well as the payment of additional but unnecessary taxes, fees and charges at the time of entry. On the other hand, some traders may inappropriately claim lower duties and fees or unknowingly violate import or export requirements (quota, licensing, labeling, documentation) that may result in a Customs Administration's issuance of hefty penalties.
The U.S. Customs service enforces over 400 laws and regulations for over 40 government agencies. It is no wonder that in the first half of year 2000 over 300 companies paid U.S. Customs over $13.3 million in penalties (mitigated from $22 million).
Now, consider the information on which you currently rely when conducting transactions around the world.
- Are you paying the necessary duties, taxes and fees?
- Are you taking advantage of the most lucrative sourcing opportunities and available trade lanes?
- Are you following the appropriate steps to avoid penalties and fines?
From2's Trade Management Services provides your business with the tactical and financial advantage to flourish in the global marketplace.
GLOBAL TRADE REQUIRES A GLOBAL INFORMATION PIPELINE AND THE TEAM TO ACCURATELY ANALYZE THAT INFORMATION. FROM2'S TRADE SERVICES TEAM CAN ENABLE YOUR BUSINESS TO ENGAGE IN GLOBAL TRANSACTIONS AS COMPLIANTLY, CONFIDENTLY, AND COMFORTABLY AS IT COULD IN THE LOCAL MARKETPLACE.
From2.com, Inc., 8100 Oak Lane Suite 200, Miami Lakes, FL 33016. Tel: 305-826-9664; Fax: .