Solutions

CustomsAdvisoryPlus' Solutions

CustomsAdvisoryPlus will put your company on the right track and is your bridge to customs solutions. Our Advisory Services cover the full spectrum of the customs advisory area.

Our solutions typically offer our clients the following advantages:

• Reduced Cost of Goods Sold
• Improved Earnings
• Cash Savings
• New Market Penetration Benefits
• Business Assurance/Avoidance of Penalties/Clean Reputation
• Efficiencies in managing your customs and related infrastructure

Standardize Internal Control Procedures

Internal control procedures in the customs and related tax area are often non-existent or, otherwise, not standardized throughout the company. Also, internal control procedures existing for audit-and indirect tax (if present) are often also not aligned with indirect tax procedures. CustomsAdvisoryPlus can assist companies in this area, because of the available long term implementation experience in this field (SASP, AEO and also in SOX). For more detailed information, see here

Use of First Sales Prices

The majority of customs duty rates are ad valorem i.e. based on the value of the imported goods. When these same goods without alteration, have been subject to a series of sales for export before importation, in principle, any one of these sales may be declared as the value for duty. This solution reduces the amount of customs duty paid thus increases the overall profit margin of your company. Generally, this solution does not effect the revenue stream nor your existing transfer pricing strategy. With respect to importation of products imported by (partly) exempt businesses, this solution may also reduce the import VAT payable upon importation. Our people have more than 20 years of experience with setting up first sales structures and obtaining advance "first sale" customs rulings. For more detailed information, see here.

Customs Valuation and Transfer Pricing

Increasingly, companies import products from non-EU, which are purchased from related suppliers. While the objective of both direct tax transfer pricing rules and customs related party valuation rules is the same – arriving at arm’s length prices – the rules are different. Our people have more than 20 years of relevant experience and performed numerous customs valuation reviews/obtained many customs valuation rulings. Our approach results in integrated customs duties solutions, see here.

Manuals

Our manuals contain detailed guidance on how to deal with various customs subjects which have an impact on your duty liability and operational costs, such as, customs valuation, tariff classification, origin requirements, the entry process and record keeping. Upon your request, our manuals can be tailored to your very specific needs and can also be embedded in your intranet environment, see here.