Becoming a international trade broker
In order to properly facilitate this trade in Australia, there are certain governing bodies and agents that must be in place to oversee things. A customs broker is one example of this type of agent. If you have ever wondered about what a customs broker is, this guide will help you learn about the function and career outlook for customs brokers. What a Customs Broker Does Customs brokers are the ones who are responsible for advising shippers about importing and exporting goods into the country.
These agents are frequently used by those looking to ship goods overseas commercially or receive international goods from other countries. The most important functions of customs brokers can be broken down into a few key activities:. What is a Customs Broker and Why Should you be one? The most important functions of customs brokers can be broken down into a few key activities: Providing information to businesses that export goods to help them successfully get their shipments out of the country to customers in different parts of the world Helping organisations complete the necessary paperwork that is required by the Australian government to ship their goods out of the country Assisting with the process of importing goods successfully by making sure that the shipments in question are able to clear customs Keeping up to date on all of the latest tariffs and fees that need to be paid by businesses in Australia that are looking to conduct international trade Without the assistance of knowledgeable customs brokers, it would be extremely difficult for businesses to trade internationally.
For this reason, it is a profession that is in high demand. If you are looking for a fulfilling career that helps businesses succeed and contributes positively to the growth of the Australian economy, becoming a customs broker might be a smart idea. The Benefits of Becoming a Customs Broker There are several major benefits to making the decision to become a customs broker in Australia: The ability to work with many different kinds of people: As experts in the field, customs brokers help you navigate the sea of changing regulations and understand import specifics related to particular commodities.
They are highly knowledgeable in all entry procedures, admissibility requirements, classification, valuation, and the duties and taxes imposed on imported goods.
Customs brokers can do their job as employees or associates of freight forwarders, independent businesses, shipping lines, importers, exporters and customs brokerage firms. To engage in the customs business, companies must have a broker license. This means that they have to employ at least one individually licensed officer, partner or associate.
As a client, you grant your customs broker the authority to act on your behalf. The job of your customs broker is simply to help you clear your shipments at the border. But, this is by no means a simple task. Customs brokers make sure your shipments cross the border and reach their intended destination safely. They have the skills to facilitate the entire customs clearance process, regardless of the port of entry.
Rules and regulations in cross-border transactions keep changing. As experts in the requirements for each type of goods, customs brokers can help you avoid costly delays, fines, confiscation of the merchandise and other penalties.
Another thing to keep in mind is that you are legally responsible for all customs declarations prepared on your behalf.
As faulty declarations can result in audits, fines and even sanctions for your business, make sure to have your declarations verified by a licensed customs broker. Even more importantly, their expertise in the field can save you from making costly mistakes. Each good receives a specific classification number and they are divided into major groups and sub-groups to allow correct and easy identification for the purposes of charging customs duty.