The cost and effort necessary to adjudicate each transgression could quickly outweigh the value of the transgression itself. Additional twists in the process come by way of items such as government export restrictions, tax structures, and fees that differ from country to country and from product to product. Customs documentation and payments to customs offices can become extremely complicated when dealing in high volumes across national borders. Helping to ease some of the logistics and barriers to global e-commerce are companies such as myCustoms. Another area where offerings such as myCustoms' plays an important contribution is in collecting tariffs and value-added taxes.
Many countries levy import fees on goods purchased from beyond their borders.
Although many companies may have found their initial attempts at transacting sales on foreign soil a complicated task, often with adverse effects to the bottom line, the technology is finally catching up to our needs. With proper insight and preparation, you can save your company from many of the pitfalls faced by its predecessors. InfoWorld Test Center Managing Analyst James R. Borck covers e-business solutions for enterprise computing. Click to Download. Harness the power of your network.