How much is your company losing on Customs duties overpayment?
Trade tariffs come as a direct hit to your organisation in the form of an immediate impact on your cash flow. Such costs can swiftly erode your profit margin, ultimately dulling your competitive edge.
Previously seen as a back-office / support function, Trade & Customs Compliance is now part of the C-level discussion and has become a crucial aspect of strategic, operational and financial decisions.
In light of the current climate (trade wars, Brexit, Free Trade Agreements, Tariffs, etc.), a manual or spreadsheet-based customs function or a total reliance on brokers has become obsolete. The necessity to step up your organisation’s operations is more crucial than ever.
Trade & Customs Compliance and Export Control Advisory
Adoption of Customs Compliance practices
It is of a vital importance that your organisation adopts sound Customs Compliance practices whether this is to comply with the law or streamline processes to gain in productivity.
Benefits
The expected benefits are:
> Avoidance of fines and penalties
> Reduction of risk of business disruption
> Higher profitability through business processes optimisation
> AEO certification readiness.
However, adopting Customs Compliance practices can become a time-consuming and complex work. It happens very often that companies try to adapt their information systems to comply, yet having the impression to be getting nowhere…
What we can do to help your company...
Vivansa experts can accompany your company during its digital transformation to emerge even stronger. We assist to the identification of the Customs Compliance Control Points (CCCP) and the implementation of related Customs Compliance Measures (CCM) for each Customs Compliance Function (CCF) in scope, whether it concerns Supplier Assessment, Product Certification, Pre-filing, filing, post-filing, auditing and reporting.
Export Controls
When it comes to the transfer of goods, technology and services to foreign parties, the regulations are very complex (more specifically those of the United States). Many agencies administer and enforce export and sanctions rules against a shifting landscape of export control reform, which affects companies worldwide.
What are the risks?
The cost of non-compliance or violations is high. In addition to steep fines and penalties, it can include debarment, denial of export privileges — a severe blow for export-heavy business models — and reputational damage. It can also expose organisations and individuals to serious civil and criminal penalties.
What we can do to help your company...
Our team includes dedicated specialists with extensive export controls and trade sanctions knowledge. We understand the US government’s expectations, reform trends and compliance regulations — and we work together with you to understand the implications for your organisation.
Support to AEO Certification
Customs Compliance Automation
BREXIT transition
Need more information? Please contact us.
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