Declared value for imported goods...

Discussion in 'Growing and Managing a Business' started by martindetuede, Jan 3, 2012.

  1. martindetuede

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    Jan 3, 2012
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    Hi everyone, Im new on here and need some advice (apologies if Im asking dumb questions)
    Im currently in the process of setting up a new business and will be importing a small quantity of products from the US. The manufacturer asked if I would like a lower declared value on the shipments, which would mean I could keep my products priced competitively. I appreciate that this is a risk with regard to insurance cover following damage, but are there any other things to consider (apart from going to jail for tax evasion of course)

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