Successful international trade, especially when importing goods, hinges on meticulous planning. This process spans from selecting a reliable supplier to reaching the final consumer.

To avoid unnecessary delays and ensure a smooth import process, it's crucial to steer clear of these common pitfalls.

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Lack of planning

An entrepreneur needs to be constantly aware of all stages of the import process, even before starting the negotiation.

It is necessary to consider the origin of the goods, modes of transport, taxes, customs clearance location, among others.

Errors such as:

• Incorrect NCM;

• Delays in customs clearance;

• Incorrect taxation.

Untrustworthy supplier

Choosing a supplier without proper research can lead to low-quality products, shipping delays, and documentation issues.

Inexperienced customs broker

An inexperienced customs broker may make mistakes in documentation and tariff classification, leading to delays and fines.

Incorrect tariff classification

Each product is taxed differently upon entering Brazil, and understanding the intricacies of this process is vital for the success of your import.

Tariff classification serves to categorize goods entering the country using the Common Nomenclature of the Southern Common Market (NCM) system. Each type of good or product has a corresponding NCM code, which determines the applicable tax rates.

If a product is found with an incorrect NCM code and is reclassified, in addition to a 1% fine on its total value, the tax authorities may also impose additional fines and interest on the value of the imported goods.

Lack of specialized help

Having specialized assistance is crucial to preventing errors and failures during the entire import process. Qualified professionals can help evaluate the viability of purchasing specific products.

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Trust Genco to handle your imports!

Genco handles every detail of your international process, preventing future headaches. Our personalized support ensures the highest quality and security for your imports. Contact us to learn more about our services.

Contact us and learn more about our services!