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New limit for retailers importing low value items
January 10, 2013 By Canadian Garden Centre & Nursery
Jan. 10, 2013,
Toronto — The federal government will increase Canada’s Low Value
Shipment threshold, allowing expedited border clearance for goods under
$2,500.
The increase – up significantly from the previous limit of $1,600 –
will bring Canada’s LVT threshold in line with its American counterpart.
"Our
retail members who import and export smaller values of consumer goods
will now benefit from faster clearance through customs," said Diane J.
Brisebois, president and CEO of the Retail Council of Canada. "This is a
win-win for everyone, as retailers will now be able to respond to
consumer demands faster."
The LVS threshold impacts all
commercial and casual goods entering Canada through the Canada Border
Service Agency's commercial processes.
Brisebois added that this
will help alleviate backlogs, which can cause headaches for retailers.
"Today, the market dictates that when a consumer wants a product, it
must be supplied immediately, or they will go elsewhere." She said the
change is very welcome news, particularly for small- and mid-sized
retail businesses.
"Smaller retailers cannot afford any surprise
delays as they result in a loss of business, so this announcement will
truly have a positive impact on their bottom line."
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