What is the role of customs in international business?
Posted: Mon Dec 23, 2024 6:12 am
Customs is the last phase of the international business process, and its main function is to channel the entry and exit of products from any country. At the same time, it guarantees the management and collection of tariffs stipulated by each nation.
Countries have guidelines, methodologies and structures that allow them to channel the import and export of various products, which serves to boost their economy. In this case, customs have a fundamental role, so it is necessary to know the function they play in International Business .
What are customs?
Customs are public agencies or offices , which are physically located in clearly identified spaces on the borders of countries, as well as in international ports and airports . They manage the operations related to the entry and exit of any type of merchandise in a nation.
These offices are essential for the application of each country's trade policies. They carry out security, health, trade and international business statistics controls. By coordinating with security agents, they carry out different activities to prevent the trafficking of products, capital and people.
Role of Customs in International Business
The main function of customs is to control products that are imported or exported, as well as to calculate and collect the corresponding taxes and tariffs. In addition, they check that these products comply with the legal regulations established in the nation and that agreements between countries are complied with. This represents the last stage in the process of International Business.
This work is carried out by officials known as customs agents and they are responsible for ensuring that customs fulfills its work and other important functions, such as:
Record and analyze statistics related to international trade activities.
Prevent money laundering, since in most countries, charging tariffs is used to declare the entry or exit of a certain amount of money.
Detecting possible counterfeit products and the smuggling of drugs, weapons, works of art or jewellery, among others. This is achieved thanks to the approval and labelling of goods.
To stop the transit of goods that may violate the law, enforcing the respective regulations.
Determine, record, control and guarantee the collection of the required cpa email lists fiscal rights and taxes, according to an appropriate assessment.
Prevent the trafficking of substances classified as harmful or damaging and toxic waste that may affect people's health or the environment.
Serve as a monetary policy strategy, because they contribute to the development of any country's economy.
Read more and discover: What does a graduate in International Business do?
Types of customs
There are three types of customs, whose nature and purpose are directly related to the dynamics of International Business. Their classification depends on the type of jurisdiction and the route they control, as shown below:
Air customs
These are customs offices located at international airports where it is ensured that the cargo being transported complies with the regulations established in the laws of each country. In these offices, a thorough review of the merchandise and luggage is carried out, verifying that they have the correct permits. They also verify that passengers comply with the quantity of objects and personal property that they can bring in.
Maritime customs
These customs offices are located in seaports and are where the largest amount of products and goods are transported between countries, especially when they are very heavy or take up a lot of space. Their main function is to control the import and export of goods by sea, using ships, boats or launches that must have the navigation permits established by each country and specific identifications.
Countries have guidelines, methodologies and structures that allow them to channel the import and export of various products, which serves to boost their economy. In this case, customs have a fundamental role, so it is necessary to know the function they play in International Business .
What are customs?
Customs are public agencies or offices , which are physically located in clearly identified spaces on the borders of countries, as well as in international ports and airports . They manage the operations related to the entry and exit of any type of merchandise in a nation.
These offices are essential for the application of each country's trade policies. They carry out security, health, trade and international business statistics controls. By coordinating with security agents, they carry out different activities to prevent the trafficking of products, capital and people.
Role of Customs in International Business
The main function of customs is to control products that are imported or exported, as well as to calculate and collect the corresponding taxes and tariffs. In addition, they check that these products comply with the legal regulations established in the nation and that agreements between countries are complied with. This represents the last stage in the process of International Business.
This work is carried out by officials known as customs agents and they are responsible for ensuring that customs fulfills its work and other important functions, such as:
Record and analyze statistics related to international trade activities.
Prevent money laundering, since in most countries, charging tariffs is used to declare the entry or exit of a certain amount of money.
Detecting possible counterfeit products and the smuggling of drugs, weapons, works of art or jewellery, among others. This is achieved thanks to the approval and labelling of goods.
To stop the transit of goods that may violate the law, enforcing the respective regulations.
Determine, record, control and guarantee the collection of the required cpa email lists fiscal rights and taxes, according to an appropriate assessment.
Prevent the trafficking of substances classified as harmful or damaging and toxic waste that may affect people's health or the environment.
Serve as a monetary policy strategy, because they contribute to the development of any country's economy.
Read more and discover: What does a graduate in International Business do?
Types of customs
There are three types of customs, whose nature and purpose are directly related to the dynamics of International Business. Their classification depends on the type of jurisdiction and the route they control, as shown below:
Air customs
These are customs offices located at international airports where it is ensured that the cargo being transported complies with the regulations established in the laws of each country. In these offices, a thorough review of the merchandise and luggage is carried out, verifying that they have the correct permits. They also verify that passengers comply with the quantity of objects and personal property that they can bring in.
Maritime customs
These customs offices are located in seaports and are where the largest amount of products and goods are transported between countries, especially when they are very heavy or take up a lot of space. Their main function is to control the import and export of goods by sea, using ships, boats or launches that must have the navigation permits established by each country and specific identifications.