sennder announces the successful closing of the acquisition of the European Surface Transportation operations of C.H. Robinson.

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Glossary

Customs Declaration

Definition

A Customs Declaration is a formal document submitted to the customs authorities of a country, providing essential information about the goods being imported or exported. The declaration typically includes details such as the description, quantity, and value of the goods, the names and addresses of the importer and exporter, the country of origin, and the purpose of the shipment. Customs Declarations are used by customs authorities to assess duties and taxes, enforce import and export regulations, and compile trade statistics. They play a crucial role in ensuring compliance with international trade laws and the smooth flow of goods across borders.

— sennder Team

FAQ

The responsibility for submitting a Customs Declaration generally falls on the importer or exporter, depending on the shipment's direction. However, many businesses choose to hire a licensed Customs Agent or Customs Broker to handle the preparation and submission of the Customs Declaration on their behalf, ensuring accuracy and compliance with customs regulations.
An incorrect or incomplete Customs Declaration can lead to delays in the customs clearance process, fines, penalties, or even seizure of the goods. It is essential to provide accurate and complete information on the Customs Declaration to avoid such issues and ensure a smooth customs clearance process.
Customs Declarations are generally required for all shipments crossing international borders, whether they are imports or exports. However, some countries may have exemptions or simplified procedures for certain types of goods, low-value shipments, or shipments between specific trading partners. It is essential to be aware of the requirements for your specific shipment and destination country.

Example or usage in road freight logistics:

An electronics company in the United States is exporting a shipment of smartphones to a customer in Canada. To comply with customs regulations, the company must submit a Customs Declaration detailing the smartphones' description, quantity, value, and other relevant information. The company hires a Customs Broker to ensure the accurate preparation and submission of the Customs Declaration, allowing the shipment to clear customs efficiently and reach its destination in Canada without delays or issues.

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