Angvik Auto Fortolling AS

Import customs clearance is the process that ensures goods being imported comply with local laws and regulations. This process includes the assessment of duties and taxes, as well as adherence to import restrictions and trade agreements. Here is a succinct description of what import customs clearance entails:

When goods arrive at a country's border, the importer or an authorized customs broker, like Angvik Auto Customs Clearance, must declare the goods to the customs authorities. This is done by filling out a customs declaration, which typically includes details about the nature, value, and origin of the goods. The customs authorities will then assess whether the goods are permitted for import, calculate and collect the necessary duties and taxes, and subsequently authorize the goods for entry into the country.

During this process, we ensure that all necessary documents are correctly filled out and all relevant procedures are followed to avoid delays and additional costs. Our expertise ensures that our client's goods are cleared through customs efficiently and cost-effectively, in compliance with all applicable regulations.

Class A customs warehouse (also known as a public customs warehouse) is a facility where importers can store goods without immediately paying customs duties and taxes. This type of warehouse is open to any importer, and the operator is responsible for the goods and for ensuring compliance with customs regulations.

When goods are stored in a Class A customs warehouse, the payment of customs duties and taxes is deferred until the goods are removed from the warehouse for use or sale in Norway. This can economically benefit importers by allowing them to defer expenses and improve their liquidity. The customs warehouse scheme also provides the opportunity to return goods without having to pay customs duties and taxes or to forward them to other countries without clearing the goods through customs in Norway.

Strict rules and procedures govern the operation of a customs warehouse, and customs authorities supervise compliance with the regulations. Transport and logistics companies specializing in the import and customs clearance of goods can use Class A customs warehouses to offer their customers more flexible and cost-effective solutions.

Customs credit is a scheme offered by customs authorities that allows importers, exporters, and other operators to defer the payment of duties and taxes. This arrangement enables businesses to improve their liquidity by not having to pay customs duties immediately at the time of import but instead at a later, predetermined date.

To be eligible for customs credit, businesses typically must meet specific requirements and be approved by the customs authorities. This may involve a credit check and other financial assessments to ensure the business can pay the deferred charges. Often, the company must also provide a guarantee or security that can be used to cover any outstanding customs claims.

By using customs credit, businesses can manage cash flow more effectively. They can arrange to pay duties and taxes monthly instead of with each import transaction. This can also help reduce administrative costs since the business handles fewer transactions.

Daily settlement is a scheme that allows businesses to accumulate customs and tax obligations over a specific period - typically one day - and then pay the accumulated amount in a single transaction at the end of this period.

In practice, this means an importer or a customs clearance company can clear goods several times throughout the day without making an immediate payment for duties and taxes each time. At the end of the day, the business will receive a consolidated invoice or settlement for all the clearances conducted, and pay this in full.

For same-day settlement, we require payment from our customers on the first business day following clearance. We recommend all our customers to apply for customs credit.

Reassessment is the process of correcting or adjusting the value of goods that have already been cleared through customs. This can occur for various reasons, such as errors in the original customs declaration, incorrect or revised weight of the goods, changes in the value of the goods after customs clearance (for example, due to damage or defects), or changes in the tariff rates or exchange rates used to calculate the duty.

The reassessment process involves the following steps:

• Identification of errors: A mistake or need for adjustment is discovered after the goods have been cleared.
• Application for reassessment: The importer or their representative often must submit a formal application for reassessment to the customs authorities, including documentation supporting the need for adjustment.
• Assessment by customs authorities: The customs authorities will review the application and decide if the reassessment is justified.
• Customs refund or additional payment: Depending on the outcome of the reassessment, the importer may either receive a refund if too much duty was paid, or be required to pay additional duty if the original amount was insufficient.

Reassessment can be a complex process, as it may require gathering and presenting detailed information about the goods and the transactions they are part of. Furthermore, there may be deadlines for when a reassessment can be requested after the original customs declaration. Angvik Auto Customs Clearance can assist with this if needed.

The importer bears full responsibility for presenting accurate documentation and providing precise information about the shipment. All necessary information for customs processing and clearance must be clearly indicated in:

• Invoice
• Proforma invoice
• Bill of lading
• Certificates
• Licenses

For import customs clearance, specific requirements are set for what an invoice must contain, as well as for all required documentation.

Angvik Auto Fortolling, as a professional forwarding partner for our clients, must inform importers that they bear full responsibility for providing accurate and correct documentation.

Consequently, the importer must obtain all necessary information about the shipment to ensure correct customs clearance, regardless of whether they have entered into a customs clearance agreement with a forwarder to carry out the import clearance.

Lack of or incomplete documentation can delay, halt, and provide an incorrect basis for duty calculation.

Regarding the customs clearance of food products, it's essential to be aware of several crucial points to ensure compliance and facilitate a smooth process:

Health and Safety Standards: Food imports are subject to strict rules and regulations to ensure that the food entering the country is safe for consumption. This includes requirements for hygiene, quality, packaging, and labeling.

Duties and Taxes: Besides health and safety inspections, imported food products may also be subject to customs duties. These fees can vary depending on the product and the country of origin.

Import Licenses and Certificates: Some food products may require special permits, licenses, or certificates to be legally imported. These documents often verify that the product complies with specific standards and requirements.

Time and Procedures: Customs clearance for food products can be time-consuming, especially if specific inspections or documentation are required. It's important to be well-prepared and ensure all necessary documentation is in order.

Importer's Responsibility: Before importing, it is the importer's responsibility to ensure that all necessary documents and permits are in place. This may include certificates from the country of origin, compliance with local labeling rules, and payment of applicable fees.