Potential consequences of duties and taxes issues for businesses include:
- Delays in the shipment of goods
- Increased costs due to fines, penalties, and additional fees
- Damage to reputation and relationships with customers and partners
- Loss of revenue if goods are seized or returned to the exporting country
Was this article helpful?
That’s Great!
Thank you for your feedback
Sorry! We couldn't be helpful
Thank you for your feedback
Feedback sent
We appreciate your effort and will try to fix the article