Customs Duty Zimbabwe
We are the leading agent in Zimbabwe when it comes to clearing of customs duties and logistics services
Custom Duty Clearing Zimbabwe
Customs duty refers to the tax imposed on goods when they are transported across international borders. In simple terms, it is the tax that is levied on import and export of goods. The government uses this duty to raise its revenues, safeguard domestic industries, and regulate movement of goods.
Rocksburg Consultancy seeks to ensure that the proper procedures are done in clearing of imports so that our clients do not incur penalties related to the importation of goods. We work closely with ZIMRA representatives to ensure that your work is done with urgency.
On top of clearing services Rocksburg also provides logistics services to our clients. We work closely with transportation companies to ensure your products are handled with care reducing the risk of breakages, stock losses and shipment delays.
Rocksburg seeks to ensure that you shipment needs are met at the lowest time possible at a very affordable price. Our team includes highly qualified personnel trained to make sure everything is done according to set standards
Customs Duty Zimbabwe
Customs Duty Zimbabwe
“Leaders win through logistics. Vision, sure. Strategy, yes. But when you go to war, you need to have both toilet paper and bullets at the right place at the right time. In other words, you must win through superior logistics”
Own an import business ? Contact us today and we’ll help you make sure that your business is driven in an innovative and efficient manner
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Customs Duty Zimbabwe
Logistics Agent
Why Customs Duty is important
Economic operators frequently underestimate the importance of customs in international trade. However, statistics show that customs plays an important role in economics:
The EU’s customs operations account for approximately 16% of global trade.
Each year, the processed import and export volumes are estimated to be worth more than 3,400 billion euros.
On average, 4,200 tonnes of goods are imported or exported every minute, more than 500 customs declarations are filed, and 70 pirate or counterfeit goods are seized.
Using Technology to Benefit from Customs
Customs compliance is rising to the top of boardroom agendas as more companies recognise the value of customs. This has increased demand for information and communication technologies to assist in simplifying trade complexities and allowing businesses to bring customs management back in-house. Instead of relying on manual processes, businesses are turning to technology solutions that can automate customs and trade compliance from start to finish, including all paperwork, classifications, and task and information sharing. Customs declarations are completed instantly and without manual intervention with such a system, information is automatically sent to customs, and data is shared with business partners and third parties, all of which saves the company valuable time and money.
Technology has become an essential component in the simplification of trade. Paperless trade has become the new standard, and it is one of the main goals of the EU Customs Union. The need for fully automated customs has been highlighted in particular during the COVID-19 pandemic, which has made paperless cargo clearance to avoid paper handling even more urgent.
What Does it Mean to Go Above and Beyond Compliance?
The EU Customs Union celebrated its 50th anniversary in 2018 and is one of the European Union’s pillars. It requires that all goods imported into the EU from the rest of the world be subject to the same customs duties, and it prohibits all customs duties between EU member states. However, it also has other advantages that many businesses are still unaware of. Proper import/export management not only avoids penalties by ensuring compliance with customs legislation, but it also allows businesses to cut costs in other ways. It provides visibility and analytics to provide businesses with data insights to optimise and standardise processes based on what works. This is referred to as ‘going beyond compliance’ at Customs4trade (C4T).
Customs legislation, if applied correctly and strategically, significantly reduces business costs, not only when the goods are imported or exported, but also after their importation, for example by requesting a refund of customs duties which prove to have been paid in excess at the time of importation, or using special procedures.
Because managing all of the moving parts involved in customs is extremely complicated, many businesses continue to use customs brokers as their agents. However, in doing so, businesses frequently lose control of their inventory, lose visibility into incurred costs, and lose sight of the critical role that customs operations—and the data that can be gleaned from them—play in their overall business. When businesses fail to see the big picture, they miss out on the potential benefits that customs can provide.
What is Import Duty?
Import duty is a tax levied by a country’s customs authorities on imports and some exports. The value of a product usually determines the import duty. Import duty is also known as a customs duty, tariff, import tax, or import tariff depending on the context.
Import duties serve two distinct purposes: they generate revenue for local governments and they provide a competitive advantage to locally grown or produced goods that are not subject to import duties. A third related goal is to sometimes penalize a specific country by levying high import duties on its products.