Import Compliance Audit Services: How a Proactive Audit Protects Your Business

The Case for Auditing Your Own Import Program

A voluntary compliance audit identifies errors before the government does, giving you the opportunity to correct them through voluntary disclosure, which dramatically reduces penalty exposure. It also identifies overpayments that can be recovered through refund claims.

What a Compliance Audit Covers

Classification accuracy, valuation practices, country of origin and trade agreement compliance, record-keeping practices, customs broker management, and use of special programs like FTZs or bonded warehouses.

The Audit Process

Planning phase, fieldwork with statistically valid sampling, reporting with categorized findings and financial impact, and remediation including post-entry amendments, voluntary disclosures, and refund claims.

Voluntary Self-Disclosure

Under CBP’s Prior Disclosure provisions, a prior disclosure limits the maximum penalty to interest on unpaid duties. Without it, penalties can reach 20 to 40 percent of dutiable value or up to four times unpaid duties. The difference in exposure is dramatic.

Ready to Take Action?

Peacock Tariff Consulting conducts thorough, independent audits that identify risks, recover overpayments, and build stronger compliance programs. Contact us today.