Customs Broker- The Protocol that Exists in Exports and Imports   by Rizvana Abdul

in Business    (submitted 2012-01-24)

Imagine that a person is planning to export a few goods that he has produced in his factory to another country. He knows little about the laws of that country, or the export duties that exist there. He has two choices in front of him. Either to learn the entire existing legislative framework for the clearance of his goods or appoint a person who knows all these laws in his company? Any exporter or importer with a common sense will naturally go for the second one, as it is easier and the best choice. The person whom the manufacturer appoints here is called a 'custom broker'. He is an indispensable part of any export, import business in the present world.

Let's have a quick look at the duties and expertise of brokers. In USA, one of the biggest industrialized countries in the world, custom brokerage is regulated and empowered by a special government agency called the CBP(Customs and Border Protection).Aspirants who seek to become a broker should pass a test to acquire the license for working as a custom broker. A licensed custom broker is an expert in all the regulations pertaining to exports and imports. He knows about the classification and valuation of goods. He can easily determine the tax as well as the duties levied on the products once they come for clearance in customs. A customs broker charges his fee on the businessman or the company he is working for. His presentation of all the details of the products to the customs authorities with necessary legal documents is of immense help to a businessman or a company.

In European Union, the brokers do not have to take a license to furnish their work. The only condition is that the business operation should be within the Union. Nevertheless, business outside the European Union should follow the customs' protocol of the country where goods are exported or imported to. Countries like Australia and Canada do not allow their customs brokers to work without a license. In India too, Customs brokers find a reputable place in the field of business as the help they provide to businessmen and corporate companies is indispensable.

The role of a broker in rolling the international-trade is huge. It can even be said that without custom brokers globalization and international trade would not have been possible. The expertise of a person or a group of people (custom brokers) can help a company to run its business smoothly in another country. Customs broker and his service help to bring about international business and develop greater relationship among people.

About the Author

There are plenty of customs brokers to serve your needs and one among the best customs brokers team I came across were the www.ucbroker.com.au who are ready to assist you anytime with gratitude.