Social Sciences, asked by mkc62000, 1 month ago

wrong custom is to avoided. write a sentence to support the statement​

Answers

Answered by ItzBlinks
0

\huge\mathfrak\purple{AnS}\pink{wEr}

1 - Incorrect Customs Classification

2 - Subsequent Payments and Excessive Customs Duties

3 - Missing Information

4 - Incorrect Certificates of Origin

5 - Compliance

Hope it's helpful ☺️

Answered by rakessahu
0

The given question is about Business Studies.

Customs Duty is a major problem when it comes to imports/exports.

It is well said " Wrong customs are to be avoided" as if by mistake some custom fault arises, cumbersome consequences have to be dealt with. Here are some important things to be kept in mind and avoid.

  • Missing Information

All the information required by the custom should be provided at once and should be a valid one. Any minor fact skipped can cause the rejection of the shipment as the regulators are quite particular about the fact check. This might lead to a delay in shipment.

  • Incorrect certificates of origin

The origin of the goods should be cross-checked goods as import/export regulators can doubt the good's origin and the certificate of origin should serve as an authentic document to get the goods cleared easily. A single mistake in the origin of goods can cause huge penalties and cancellation of the shipment.

  • Compliance

Faulty preference certificates, tax fraud, or minor tax evasion can cause huge administrative fines.

Custom refers to a body or an authority in a country that regulates the inflow and outflow of goods, services, animals, etc, of a country while importing and exporting them. The authority is responsible for collecting taxes and duty charges on all the items moving in and out of the country and in case of any mishap. This is done to collect tariffs on all the things being moved across international borders. All this is also done to protect the country's economy, residents, environment, etc. This also helps to catch the goods that are prohibited by different countries and are yet being transported.

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