Being one of the most difficult and complicated sectors, export-import requires lots of screening process throughout. The series of checking starts from manufacturing of the product to export of the items to the foreign countries, across the international borders. Advancement of science and technology, have paved the way of various scientific inventions in terms of communication and transport. Exporters sitting at one nation can export the products located anywhere across the globe through airways and waterways. But considering all the advantages of shipping, export companies mainly select waterways for exporting their products.
Why Screening Is Important-
Though, introduction of new technology is a boon, there are various disadvantages with it. Crimes and treachery are quite common in these days. Unauthorized customers or export parties if gets access to various products, they can definitely misuse the items, mainly in the case of technical data, arms and other defense items. To avoid all these problems, companies like Intredex Trade Compliance Solutions are offering software for party screening, export classification and much more. Non-compliance in between the export process can be minimized largely by using the online tools. if compliance with the export rules and regulations is not maintained, exporters have to pay large sum of money to the government as a administrative fine, may lose authority to export, cannot able to enjoy export rights without the proper license.
Effective Party Screening-
This step is very important in importing-exporting process. Proper screening of the export parties against the lists of denied and sanctioned parties is very important. Perfect checking is very important as it ensures that export business is complaint with export rules and regulations. Violations of export rules will results in criminal penalties against the companies. The company that is not following the rules and regulations will face bad publicity. In the previous times, manual means were implemented to screen the parties one after another. But it was quite complicated, as it does not give the exact results. Manual screening requires lots of technical knowledge and expert skills. Thus, software can help in bulk or individual checking. With the help of online tools, exporters undergo sanctioned and restricted party screening.
Apart from party screening and license determination, classification of export products is very important. Each of the items that are coming under the USML list should have the ECCN number that help in classifying the item. The products not having the ECCN number, comes under the category of EAR compliance. Thus, if you want to make your trade legal and screened, it is better to take help of the export compliance software from reputed companies.
Though, introduction of new technology is a boon, there are various disadvantages with it. Crimes and treachery are quite common in these days. Unauthorized customers or export parties if gets access to various products, they can definitely misuse the items, mainly in the case of technical data, arms and other defense items. To avoid all these problems, companies like Intredex Trade Compliance Solutions are offering software for party screening, export classification and much more. Non-compliance in between the export process can be minimized largely by using the online tools. if compliance with the export rules and regulations is not maintained, exporters have to pay large sum of money to the government as a administrative fine, may lose authority to export, cannot able to enjoy export rights without the proper license.
Effective Party Screening-
This step is very important in importing-exporting process. Proper screening of the export parties against the lists of denied and sanctioned parties is very important. Perfect checking is very important as it ensures that export business is complaint with export rules and regulations. Violations of export rules will results in criminal penalties against the companies. The company that is not following the rules and regulations will face bad publicity. In the previous times, manual means were implemented to screen the parties one after another. But it was quite complicated, as it does not give the exact results. Manual screening requires lots of technical knowledge and expert skills. Thus, software can help in bulk or individual checking. With the help of online tools, exporters undergo sanctioned and restricted party screening.
Apart from party screening and license determination, classification of export products is very important. Each of the items that are coming under the USML list should have the ECCN number that help in classifying the item. The products not having the ECCN number, comes under the category of EAR compliance. Thus, if you want to make your trade legal and screened, it is better to take help of the export compliance software from reputed companies.
