Intertek provides pre-shipment inspection (PSI) services to governments as a way of protecting import revenues for themselves and their citizens.
Governments implement PSI programmes to ensure that imports comply with their regulations. Non-compliance with these regulations can result in:
How It Works
Intertek Pre-Shipment Inspection (PSI) maximises duty collections. By undertaking duty assessment in the country of export, importers have no opportunity to pressurize customs to assign lower rates.
Compliance with the World Trade Organisation (WTO) Agreement on Customs Valuation is now mandatory for all members. Without Intertek PSI, countries introducing the Agreement invariably experience a reduction in revenue collections. Intertek ensures that the Agreement is fully implemented as required by the WTO, and in a way that maintains duty revenue collections.
Trade facilitation: inefficient Customs administrations and the failure of importers to comply with import procedures can both delay trade. An Intertek certificate ensures rapid Customs clearance, by undertaking the necessary physical and documentary inspections before the consignment is dispatched.
Intertek PSI deters capital flight in countries where exchange controls exist by preventing deliberately inflated invoicing. This can deplete foreign exchange reserves, which can also reduce the taxable income declared by multinational companies.
Intertek PSI significantly reduces the incidence of illegal imports, such as radioactive waste, by inspecting shipments in the country of export before dispatch.
As a PSI programme takes effect, so a vast database of vital trade information is created, which can be supplied to the Client Government in a variety of formats, as an aid to economic decision making and to induce confidence in donors
Need help or have a question?