Is it important to declare correct value of the product while shipping ?

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Yes, it is very important to declare exact value of the package while shipping. Your value parcel is important for claim and insurance purpose and for custom clearance purpose. Never ever try to undervalue the shipments in order to escape from a large amount of customs duties inflicted on the goods. This is contemplated as illegal and unethical which leads to complications in further movement of shipment. Not only this, there are other possibilities which may arise if you declare the wrong value of your shipment in the custom. Let's see what are those ?

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