Why Timely Payment is Crucial for Goods Release

   Customs duties and taxes are levied on imported and, in some cases, exported goods. Timely payment of these fees is crucial for the release of goods. Failure to pay customs duties and taxes can result in delayed clearance, storage fees, and potential seizure of goods. It’s essential for importers and exporters to understand the applicable duty rates, follow proper valuation methods, and budget for these costs to avoid complications during customs clearance.