NAVIGATING LEGAL COMPLIANCE IN INTERNATIONAL SHIPPING
ENSURING COMPLIANCE WHEN IMPORTING GOODS
Compliance in international shipping encompasses several crucial steps:
- Accurate Classification: Goods must be classified according to the correct HS code. Misclassification can result in incorrect duty payments and legal penalties.
- Value Declaration: Declare the full value of shipped goods as per the invoice. Underdeclaring can lead to fines and seizure of goods.
- Regulatory Compliance: Familiarize yourself with Israel’s import regulations which may require specific certifications or inspections for certain product categories.
For example, electronic devices imported into Israel may need to comply with Israeli Standards Institute regulations, requiring additional documentation and testing results. Adhering to these requirements not only avoids legal issues but also streamlines the customs process, minimizing potential delays and additional costs.