South East & North East Asia Trade Compliance: Playing By the Rules At All Time
KOR-PLUS is here to help you and your business comply with the local laws and regulations governing the import and export of goods. Being an oversea partner and not familiar with the local regulation, your team might face with numerous problems:
1. Regulatory Compliance
- Complex Regulations: Different countries have their own unique set of import and export regulations, which can be complex and difficult to navigate.
- Frequent Changes: Trade regulations can change frequently, requiring constant monitoring and updates to compliance strategies. Some regulations did not apply with your goods at the checking stage, but changed when the biz was secure and caused extra problems of delay.
- Documentation: Ensuring all necessary documents are correctly prepared and submitted can be a significant challenge. Some import/export docs need to be prepared in local language and submitted to the correct authorities department to review before giving approval for any permit/license or testing report.
- Packaging/Labeling check: Make sure the labels on goods are in proper form/sharpe to meet local regulations and consumer preferences.
2. Customs Procedures
- Customs Clearance: Delays in customs clearance due to misfiled documents, incorrect tariff codes, or non-compliance with regulations.
- Inspections: Goods may be subject to inspection, causing delays and additional costs. Some minor issues of goods might escalate into big issues due to miscommunication, while a local team can easily explain with the customs at the spot check.
- Packaging and Handling: Ensuring goods are properly packaged and handled after the inspection to avoid damage during transit.
- Communication: Language barriers and cultural differences can complicate negotiations and business relationships. Raise a bigger challenge for you to enter a foreign market.
Our Compliance Solutions & Services Offered
As we all know “when in Rome do as the Romans do”, that is the reason why our local team is here to support you and your business. Being the local team, we clearly understand our role and can provide you with:
1. Documentation Preparation and Review: Ensuring that all required documents, such as invoices, packing lists, bills of lading, certificates of origin, customs declarations, testing application, import and export permit/license are accurately prepared and submitted.
2. Regulatory Compliance: Ensuring that goods comply with all relevant regulations, including safety standards, health regulations, and import/export restrictions. Making sure the goods and needed requirement permit/license/report are ready before process moving the shipment in or out of the countries.
3. Licensing and Permits: Assisting in obtaining necessary licenses and permits for restricted or controlled goods. Also, if authorities request any pre-test of goods (especially high-tech products and health-care products), we can support all local processes to submit papers and follow up with the correct authorities department to get the approval for the mentioned goods.
4. Advisory Services: Providing guidance on best practices, changes in regulations, and strategies to minimize compliance risks and costs. Suggest multiple solutions for you to choose the most suitable plan with your budget.
5. Valuation of Goods: Assisting in the proper valuation of goods for customs purposes, ensuring that the correct value is declared to avoid underpayment or overpayment of duties.
6. Duty and Tax Calculation: Calculating the correct amount of duties and taxes payable on imported or exported goods.
7. Customs Brokerage: Having good relationships with local customs. Making sure if the goods can be cleared out smoothly. Besides, if any unforeseen situation arises unexpectedly, the local team can urgently reach out to the customs authorities to find the best solution for the next step clearance process.
Why Choose KOR-PLUS?
Navigating these challenges requires careful planning, expertise, and often the assistance of specialists such as customs brokers, legal advisors, and logistics professionals. It’s hard to overstate how important the role of customs brokerage is. Any mistake will halt the logistics chain and cause delay & storage charges. Our specialists are there to ensure your supply chain is in good hands. This is the meaning of us existing.
Our Expertise in 16 Countries
South East & North East Asia region which we serve 16 countries with each very different import & export clearance & compliance system, KOR-PLUS built our own local teams in each country with first-hand experience and knowledge in dealing with each country’s system to solve the custom & compliance complexity for the clients.
If your shipment is still struggling in any countries that we serve, do not hesitate to contact KOR-PLUS. We are here to support you and your business.