When shipping international parcels, an important concept to understand is valuation. The declared value is a key determinant of the import process and duty assessment. Over declarations result in needless costs and under-declarations can result in significant fines and legal actions.
When shipping internationally, a common question we get is "what value should we declare." The value declaration is, along the the H.S. classification, the key element of the import process and duty assessment. Over declarations result in needless costs and under-declaration of values can result in significant fines and legal actions.
