Quick Tip #3
How to avoid customs penalties for non-compliance
Sooner or later, your business will be audited by Customs (CBSA) to ensure you have not committed violations that are subject to AMPS (Administrative Monetary Penalty System) penalties.
Make sure you are ready by:
- maintaining a documented paper trail of every import/export shipment from purchase order to delivery
- ensuring all customs declarations, generated from information on the shipping documents, mirror your internal ledgers (i.e. your reporting to Customs must reflect commercial reality)
- keeping all records relating to customs transactions for the prescribed time limits (six years plus current year)
We offer professional customs consulting services to assist you in becoming fully compliant. Remember, investing in compliance is always less costly than paying for non-compliance
