🔍 How to Prepare for a Customs Audit Customs?

Audits are a reality for many businesses involved in international trade. While it might sound intimidating, a well-prepared company can navigate the process smoothly and avoid potential penalties.Here’s how to prepare for a customs audit and ensure your business is audit-ready:

1️⃣ Keep Your Records in OrderEnsure you have full, accurate records including commercial invoices, import/export declarations, origin documentation, and shipping records.- Auditors will ask for proof!

2️⃣ Review Classification, Valuation & OriginDouble-check your HS codes, declared customs values, and rules of origin claims.- If you’ve applied preferences or special procedures, make sure the basis is correct and well documented.

3️⃣ Know Who is ResponsibleMake sure your internal team (or external customs broker) knows their role and can answer questions.

4️⃣Stay Up to Date on Compliance RegulationsCustoms rules and regulations can change frequently. Make sure your team is trained and up to date on any changes in import/export laws, duties, or tariff codes that may affect your business.

💡 Pro tip from expert and Former Auditor Tom McGrath, implement Standard Operating Procedures (SOPs) across your entire trade process. SOPs help ensure that every team member is on the same page and follows the same steps when it comes to compliance. Having well-documented procedures means you can easily demonstrate to Customs officials that your processes are standardised, controlled, and consistent, which is key during an audit. Additionally, regular reviews and updates of your SOPs help address any regulatory changes, ensuring you stay compliant year-round.

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Join our next Customs Audit Masterclass:

When: Friday 23 May 2025

Time: 09:30 - 12:30 (Ireland time)

Where: Online via Zoom

Fee: €350

Book here: https://docs.google.com/forms/d/e/1FAIpQLScfzxIgxmp4A3zBkbGmtEIhkUYo14qJoOgofyC_a71hSTwt4g/viewform?usp=sharing