Customs Health Check

1. Are you prepared for the Union Customs Code which brings about major changes in Customs Rules? Custom Trade Solutions can provide advice and guidance through the complex new rules

2. As an importer or exporter, do you provide clear written information or instructions to your freight agents to ensure they are making accurate declarations to Customs on your behalf.? Remember you are liable for any customs debt where errors are made and you may be liable for Customs fines.

3. Do you receive copies of all the SAD declaration made on your behalf and do you carry in-house checking to confirm all SAD details are correct? Remember Customs auditors will require copies of these SAD’s plus full back-up documentation during audit.

4. As an importer or freight agent, are goods being valued correctly at import/export? Import valuation, in particular can be a complex issue and incorrect valuation may lead to an unexpected customs debt or can result in you paying too much duty/VAT.

5. Are the goods classified correctly? Incorrect tariff classification can lead to both overpayment or underpayment of Customs duty and render you liable to Customs penalties.

6. Are your imported/exported goods declared to the correct customs procedure code? For example, goods imported permanently are liable to payment of Customs Duty and VAT.Goods imported temporarily, imported for processing and re-export, imported under procedures with economic impact and imported under numerous circumstances may be liable to reduced or nil rates of Customs Duty and/or VAT. Failure to give correct or insufficient information/instructions to your agent or agents or not requesting relevant information may render goods liable to duty and VAT payments that would normally be avoided.

7. Do you import/export to or from countries with preferential trading agreements with the EU? You may be eligible to request preference certificates at import (allowing for reduced or nil duty rates) and/or issue preferences certificates at export allowing your goods to enter the preference country at reduced or nil duty rates. However there are complex origin rules which need to be established before you can benefit.

Customs Facilitation Schemes

Are you aware of the Customs Facilitation Schemes and simplifications available to you to reduce your duty liability and simplify the process of importing/exporting.

There are many schemes available including Inward Processing, Outward Processing, Customs Warehouse, Temporary Import, End Use and Simplifications including Local Clearance SASP (Single Authorisation for Simplified Procedures) and Simplified Declarations.

These facilitations and simplifications require pre approval by Revenue and require adequate records and an audit trail to satisfy Customs requirements.

Authorised Economic Operator

Have you considered applying for Authorised Economic Operator (AEO) status.

AEO can offer many advantages by way of Customs facilitations and indicates you are a reliable and secure company in the international trade supply chain.

The advantages are be even more evident from 1st May 2016 under the Union Customs Code.The criteria for accreditation is very strict so you should start the process of reviewing your procedures now.