A customs declaration refers to an import or export form submitted to authorities containing truthful statements regarding the nature, quantity, value, tariff classification and country of origin of traded goods.
Key Information In a Declaration:
- Detailed product descriptions accompanied by supporting documents help customs assess duties and compliance
- Declared value determines assessment basis and impacts currency conversions where applicable
- Harmonized System codes classify goods to ascertain applied duty rates
- Information like marks, numbers, quantity/weight reconcile with physical shipments
Example:
By undervaluing clothing imports on declarations to avoid duties, the importer faced penalties exceeding legitimate taxes owed when audited documentation revealed the deception.
Key Takeaways:
Submitting complete and accurate declarations expedites clearance while oversight deters false statements. Evolving single-window platforms integrate submission with other border agency requirements for streamlined compliance.