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Import operations can be complex and risky for businesses. Incorrect declarations, procedural mistakes, and non-compliance with regulations can result in significant financial and legal consequences. Here are the 15 most common customs mistakes in imports and their possible penalties:
Incorrect HS Code Declaration
Misclassification of goods can lead to fines and additional duties.
Incomplete or Incorrect Invoice Declaration
Errors in invoice data may result in additional declarations or administrative fines.
Value Declaration Errors
Misstating the value of goods can lead to VAT, excise, or customs duty penalties.
Incorrect Country of Origin Documentation
Misuse of certificates can result in additional taxes if free trade agreements or preferential regimes are incorrectly applied.
Missing Licenses or Permits
Importing restricted goods without permits, health, or safety certificates is illegal and penalized.
Wrong Tariff or Code Usage
Using incorrect tariff codes may trigger additional inspections and fines.
Delayed Document Submission
Late submission of documents can result in storage or delay penalties.
Incorrect Sender/Recipient Information
Missing details can cause fines and operational delays.
Warehouse or Bonded Storage Record Errors
Errors in entry/exit records of warehouses or bonded areas may lead to penalties.
Underpayment or Incorrect Tax Declaration
Failing to pay correct duties can result in fines and interest liabilities.
Incorrect Transport and Shipping Information
Misstated transport modes or documents pose compliance risks.
Faulty Labeling and Packaging
Incorrect or incomplete labeling is considered a regulatory violation.
Customs Broker Errors
Mistakes by authorized brokers are reflected back to the company.
Incorrect Use of Incentives and Exemptions
Misstatement of VAT, excise, or customs incentives results in fines.
Errors in Inward/Outward Processing Regimes
Failure to complete necessary notifications and permissions may lead to extra duties and penalties.
Avoiding these mistakes requires professional support, accurate customs declarations, and careful process monitoring. Proper planning and an experienced team ensure that import operations are completed safely and efficiently.
