GlossaryEN1 min readUpdated: Jun 26, 2026

Trade Compliance

A misfiled customs declaration, a missed export licence, a payment to a sanctioned counterparty – trade compliance exists precisely to prevent such failures.

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Last updated: 26 June 2026Published: 27 January 2026

Source: https://www.trade.gov/what-trade-compliance

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Passar Hub: Everything on the new Swiss customs system

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Definition & Explanation

A misfiled customs declaration, a missed export licence, a payment to a sanctioned counterparty – trade compliance exists precisely to prevent such failures. Trade compliance refers to the full set of processes and controls by which a company ensures that every cross-border transaction conforms to applicable customs regulations, export controls, sanctions regimes, and import restrictions in the countries involved. In practice, this covers correct tariff classification, origin determination and declaration, customs valuation, licensing checks, and screening against embargo and sanctions lists. Trade compliance extends beyond customs formalities: it also encompasses product regulatory requirements and eligibility for preferential tariff treatment under free trade agreements. Non-compliance can result in duty assessments, administrative fines, denial of export privileges, and criminal exposure for responsible individuals.

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Calculate customs valueWork out import duties and customs valueOpen Find HS codeDetermine the tariff number for customsOpen Compare IncotermsClarify duties, cost and riskOpen Calculate transit timeEstimate duration per transport modeOpen

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⚡ Current 2026

Passar Hub: Everything on the new Swiss customs system

Passar replaces E-dec and NCTS. Passar 1.0 (export) is live, Passar 2.0 (import) starts from Q2 2026. Roadmap, ePortal registration, deadlines and FAQ — all on one page.

Passar 1.0Passar 2.0 → Q2 2026Passar 3.0 → Q2 2027

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Trade Compliance

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Passar Hub: Everything on the new Swiss customs system

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