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Low Value Shipment (LVS) (Customs Glossary): Difference between revisions
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{{note|This article is part of the [[Customs_Glossary_Guide|Customs Glossary Guide]]|info}} | {{note|This article is part of the [[Customs_Glossary_Guide|Customs Glossary Guide]]|info}} | ||
[[Image:Courier-lvs-boxes.png|360px|right|thumb|A usual shipment of boxes found in a '''Courier LVS''' shipment]]The Low Value Shipment (LVS) program, administered by the Canada Border Services Agency (CBSA), is an initiative aimed at streamlining the customs clearance process for low-value shipments entering Canada. Under this program, eligible shipments with a declared value below a specified threshold can benefit from simplified customs procedures, leading to faster and more cost-effective cross-border trade. This article defines the Low Value Shipment program with CBSA, explores its usage scenarios, and outlines the requirements for businesses engaged in cross-border trade. | [[Image:Courier-lvs-boxes.png|360px|right|thumb|A usual shipment of boxes found in a '''Courier LVS''' shipment]]The '''Low Value Shipment (LVS)''' program, administered by the Canada Border Services Agency (CBSA), is an initiative aimed at streamlining the customs clearance process for low-value shipments entering Canada. Under this program, eligible shipments with a declared value below a specified threshold can benefit from simplified customs procedures, leading to faster and more cost-effective cross-border trade. This article defines the Low Value Shipment program with CBSA, explores its usage scenarios, and outlines the requirements for businesses engaged in cross-border trade. | ||
== What is the Low Value Shipment Program with Canada Border Services Agency? == | == What is the Low Value Shipment Program with Canada Border Services Agency? == | ||