Customs Duty Compliance
Customs Duty Compliance ReviewAccordance's Customs Duty Reviews help reduce the risk of receiving non-compliance penalties. The Review also seeks to make sure that a company is paying the correct amount of Duty by classifying its goods correctly and utilising all reliefs available.
The Review aims to ensure that:
- Goods are being correctly classified and the correct Duty is being paid
- You are utilising the reliefs available to you
- Inward and outward processing relief
- General system of preferences on origin of goods
- Temporary suspensions, customs warehousing and valuation of goods
- Your staff understand the implications of Customs Duty as it affects your business
- Your agents are clearing goods to free circulation in the most advantageous manner
Process
The Review is a single day health check on your business. We examine your purchase invoices, entry declarations, and discuss procedures with you and your shipping agent. The consultant will analyse your Duty processes to ensure that they are both compliant and commercially beneficial. Once the review is over, we'll provide a report making practical recommendations.
Customs Duty Training
Training is delivered by a specialist with over 30 years experience in the field. Your staff will be provided with information on how Customs Duty affects your business and will explain how it is an irrecoverable cost to your business. Core topics include:
- The importance of your shipping agent
- How duty is levied
- The classification of goods using the tariff
- The importance of determining the origin of your goods
- How the general system of preference (GSP), valuation and customs warehousing may benefit your business
- How inward and outward processing relief may help to reduce your Duty Bill
Tailoring the Programme
We are aware that to many businesses Customs Duty is a hidden cost. The application of Duty is often misunderstood, and payment is usually by default. We aim to tailor relevant training programmes that make sense of the issues for staff - from accounting personnel to company buyers.
So that training can focus on commercially important risk areas, it normally takes place after we have undertaken a Review.
Contact us for more information.
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