Transportation of products in and out of a country can be a complicated procedure. On top of the complexities, heavy customs duties and fees can hugely impact the overall profit of a business. But if the same matters are handled efficiently, they can help a business get a competitive advantage over its competitors.
That’s why it is crucial to have a complete understanding of the customs duty refund process to avoid overpaying the dues. If a company has linked its VAT TRN to its customs duty, there is no need to pay VAT in cash. But if the company ends up paying for the customs duty, they can ask for a refund.
Although businesses have the liberty to apply for a refund, most businesses cannot reap the benefits of the opportunity completely. This mainly happens if the business has no clear understanding of the procedures, or they have no maintained records to claim their refunds. Also, the refund procedure can be tiring and complicated to follow.
That’s where you can benefit from our services. Experts in synergy auditing can offer appropriate guidance on how you can claim your refunds as soon as possible. We will also file and submit all the necessary documents on your behalf to the customs authorities and will keep a proper follow-up on the process of the refund.