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Poor compliance practices can expose a small business to delays, retroactive duty assessments and penalties, which can lead to customs audits where something as simple as a recordkeeping error could trigger a $10,000 fine. That's a pretty harrowing thought for a small business owner, especially if it happens.
With preparation and planning, you can reduce your risk and make importing and exporting a source of bottom line savings and increased revenue.
Here are three ways to do it:
Reduce Risk When Exporting and Importing
Hat tip to Paul Dillon for letting us know about this article.
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