When it comes to dealing with matters of international trade, there are often many bureaucratic hoops to jump through. You have to determine country of origin, the most efficient delivery methods, tariff classification numbers, etc. In addition to the customs regulations like Harmonized Tariff Codes and such, there is also a whole set of global regulation that companies have to be conscious of. One of the most recent and popular stories, which is very unfortunate for all of the music fans out there, is Gibson Guitars.
Gibson Guitars imported a million dollars worth of very nice and exotic wood from India to use for their guitars. Unfortunately, US Customs believed at the time that the wood had not been properly or legally imported. They went to the Gibson factory and confiscated all the wood. This put 16 people out of work overnight and caused a very big problem for the company that they are still trying to recover from.
The iTrac system helps companies to keep track of these types of things both through the audit process and through the document collection. We can collect the documents to ensure the documents and your goods coming from any place anywhere in the world are compliant with all of the relevant government standards. If a government agency does have a question, you have only one place to go to find everything you need.
If you need help with import or export product classification, or have any questions about global trade compliance, please contact us.