Description:

Customs duties are generally non-recoverable and, therefore, must be absorbed into the product costs itself. This makes a given product less competitive in the global market, thereby affecting overall profit margins of the company involved in its trade. 

It’s interesting to know that many of the additional costs are either to a great extent avoidable or can be reduced.

 

 

 

 

 

 

 

 

Author: Krypt

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