Regulations
Customs Penalty
Fine or penalty imposed by customs authorities for non-compliance with fiscal, documentary, or regulatory obligations in foreign trade operations. Can be economic or even criminal in serious cases.
Fine or penalty imposed by customs authorities for non-compliance with fiscal, documentary, or regulatory obligations in foreign trade operations. Can be economic or even criminal in serious cases.
Fine or penalty imposed by customs authorities for non-compliance with fiscal, documentary, or regulatory obligations in foreign trade operations. Can be economic or even criminal in serious cases.
Customs Audit
Formal verification process where customs authorities examine records, documents, and operations of an importer or exporter to ensure correct compliance with customs and tax legislation.
CertificationsCompliance Program
Internal company system to ensure compliance with all applicable foreign trade regulations, including correct classification, proper valuation, restrictions, and trade sanctions.
ClassificationErroneous Classification
Incorrect assignment of a tariff fraction to goods that can result in fines, surcharges, loss of tariff preferences, or even technical smuggling. It is one of the main causes of customs penalties.
CertificationsPost-clearance Audit
Documentary and accounting review conducted by customs authorities after goods clearance to verify compliance with fiscal and regulatory obligations. Can be performed up to five years later.