Importance of risk analysis in the area of importing goods from a customs perspective

Risk analysis when importing goods is crucial to minimize financial, legal and operational risks. We explain the importance of analysis in relation to customs rates and correct tariff classification.

In 2024, the audit of a Hamburg trading company revealed that over 600,000 euros in import duties had not been paid. This was due to quantity differences in uncleared goods in the customs warehouse, which were without the required proof of customs clearance. The inspection of almost one million customs declaration items revealed understated invoice values and omitted declarations of inventory shortages. As a result, the main customs office in Hamburg demanded back payments of 11.5 million euros for 2023.

Not only goods from a customs warehouse can be affected by this, but also imports that have been cleared for free circulation are constantly under official surveillance.

Your advantages of a risk analysis of goods imports

1. Avoidance of financial losses
Correct tariff classification determines the duty rates. Errors can lead to excessive payments or additional claims. A risk analysis helps to avoid such errors and optimize costs.

2. Safety
Incorrect tariff classification can result in fines or criminal prosecution. A risk analysis identifies and corrects these errors at an early stage to guarantee you security.

3. Efficient customs clearance
Correct documentation speeds up customs clearance and avoids delays. A risk analysis identifies potential problems in advance and increases efficiency.

4. Optimization of customs costs
Careful analysis allows more favorable customs rates and preferential agreements to be used. This reduces customs costs and maximizes the financial benefit.

Risk analysis in the area of importing goods is essential to avoid financial losses, ensure security, increase efficiency and protect the company's reputation. It enables proactive risk minimization and ensures smooth business operations.