If you are thinking of starting a business that requires materials or products to be imported into Australia, there is much to learn.
Like any country, Australia levies taxes and tariffs on imported goods, and you have to factor these into your costing, to ensure you know exactly what your profit margins are. The rates differ from category to category, and rather than spending all your time calculating these amounts, leave it to a professional who can handle the entire import process on your behalf.
It isn’t difficult to contact a Brisbane customs broker if you search online, and make sure you use an established company, as they will have the process down to a fine art. Time is obviously the essence when importing, and you don’t want those valuable goods sitting in the dock for any longer than is necessary, and an experienced broker can have the items released as soon as possible.
Prior to Setting Up the Business
Ideally, you should consult with an experienced customs broker while still at the planning stage, as they will be able to calculate your expenses on all items to be imported, and this information is necessary in order to figure out your profit margins. Many small businesses have ended up in serious trouble because they did not research the import costs prior to going ahead with the business, so make sure you know all your importation costs in advance. Assuming that the goods you need can easily be imported could be a serious mistake, and in order to avoid such a situation, you should consult with a customs broker during the early stages of planning your business.
Avoid Complex Delays
If you have products sitting at the dockside, waiting for customs clearance, this can have serious consequences for your company, and the red tape, like anywhere else, is always present. The slightest error with your paperwork can set the whole process going from stage one, which is why most companies use a licensed customs broker. They have the knowledge and the experience to ensure fast track clearance, which will help your business to provide the best customer service, and all you have to do is sign the paperwork.
Red Line Status Goods
While most items are what is known as green line status, some fall into the red line status category, and these are subject to random inspections and other delays, and in most cases, nothing can be done to speed this up. Of course, using a licensed customs broker does have its advantages, and they can certainly make sure that everything is in place when it should be. The Australian customs and excise department are very efficient, and they make the best use of available technology to ensure that goods can be released as soon as possible, and with an experienced licenced broker in your corner, importing goods will not be an issue.
With the right help, your business will not be negatively impacted by delays with customs procedures, and you can plan for the future with some confidence.